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Tydro: Scheduled to lift market suspension on May 10th, restoring all functions including withdrawals
ME News reports that on May 9th (UTC+8), the decentralized lending protocol Tydro posted a tweet stating that the Chainlink oracle upgrade time lock will end at 7:52:48 AM Beijing time on May 10th.
Subsequently, the following recovery steps are planned (the timing is estimated and may be slightly delayed due to testing or security reviews):
After 7:52:48 AM on May 10th: execute the oracle upgrade load;
Around 8:00 AM on May 10th: execute market recovery trading through guardians, which will lift the market pause, restore all functions such as withdrawals, supply, repayments, etc., and initiate a 4-hour grace period (during which liquidation is paused, and users can repay or add collateral), and set all asset LTVs to 0 to prevent new lending;
Around 12:00 PM on May 10th: end the grace period and restore standard liquidation logic.
In the following days, LTVs will gradually return to previous levels, and normal market operations will resume.
Tydro and service providers will monitor the entire process.
(Source: Foresight News)