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Neutron announces NTRN Redemption is now live, deposit window open until April 30th

2026.04.01 20:58:37

On April 1, Cosmos ecosystem project Neutron announced the launch of NTRN redemptions, allowing holders to permanently burn their NTRN in exchange for a pro-rata share of the USDC pool. The NTRN deposit window runs from April 1 to April 30, USDC redemption requests open May 1 and close June 30. Foundation-held NTRN (estimated at ~32.4 million tokens) will not participate in redemptions and will be burned. In prior news, Neutron said it will transition to long-term maintenance mode. Its DEX and Supervault will enter withdrawal-only mode no later than April 17. Hadron Labs will take over network maintenance through June 30, 2026, after which manual withdrawal instructions will be released. Governance will shift from a custom system to the standard Cosmos staking model, inflation will be dynamically adjusted, and the validator set will be reduced.
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