Bitcoin lending protocol Tropykus announces the shutdown of the current version, with deposit and lending functions permanently disabled.

Deep Tide TechFlow News, April 29th, according to Tropykus official disclosure, the decentralized lending protocol Tropykus announced the initiation of a phased shutdown process of the current version of the protocol, with deposit and lending functions permanently disabled. Users can perform withdrawals and repayments through tropykus.com, with a deadline of July 27, 2026. After that date, related operations will only support direct interaction with smart contracts.

The team stated that this shutdown decision was made considering long-term strategic evolution and was not due to the security report received by the Money on Chain partner previously. The report had previously prompted the protocol to proactively suspend deposit and new lending functions, but the team emphasized that the shutdown decision was discussed internally before that incident, and the security event only accelerated the process. Technically, the team pointed out that the original architecture was designed under early technological conditions, and in the face of security challenges brought by emerging technologies such as artificial intelligence, the existing architecture can no longer meet long-term development needs.

The team recommends that all users complete withdrawals and settle lending positions through tropykus.com before July 27, 2026. After the deadline, operations will require the technical ability to interact directly with smart contracts.