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The Vega community has suspended VEGA trading functionality through the proposal to "shut down the Vega chain."

Sep 11, 2024 18:05:04

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ChainCatcher news, the Vega community recently passed the proposal to shut down the Vega chain with almost unanimous votes. This decision means that the Vega project will refocus its remaining resources to support the maintenance and development of the core protocol software, while terminating community support for the Vega chain and VEGA tokens. Currently, the Vega chain has halted all market trading functions and is expected to cease operations completely after a "wind-down period." During this time, validators will be incentivized to keep their nodes running so that users can withdraw their funds. The last governance vote is currently underway, aimed at confirming the final settlement price of the suspended markets and allocating approximately $28,000 of unused insurance pool funds to validators. The Vega chain is expected to remain operational at least until October 27, providing users ample time to withdraw their assets. Users can connect their Vega and Ethereum/Arbitrum wallets through the official page to withdraw assets. Please note that USDT withdrawals require a 24-hour delay.

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