Neutron Launches NTRN Redemption for USDC in Cosmos Ecosystem

On April 1, Neutron, a project within the Cosmos ecosystem, announced the launch of NTRN redemption. According to BlockBeats, holders can permanently burn their NTRN tokens in exchange for a proportional share from the USDC pool. The window for depositing NTRN is open from April 1 to April 30, with USDC redemption applications starting on May 1 and closing on June 30. The foundation's NTRN holdings, estimated at around 32.4 million tokens, will not participate in the redemption and will be destroyed. Previously, Neutron announced its transition to a long-term maintenance mode. The DEX and Supervault will pause operations and enter withdrawal-only mode by April 17 at the latest. Hadron Labs will manage network maintenance until June 30, 2026, after which manual withdrawal guidelines will be released. Governance will shift from a custom system to a standard Cosmos staking model, with inflation dynamically adjusted and the validator set reduced.