Tydro: Plans to lift market suspension and resume all functions, including withdrawals, on May 10
Foresight News reports that the decentralized lending protocol Tydro announced via Twitter that the Chainlink oracle upgrade timelock will end at 7:52:48 on May 10 (UTC+8). The following recovery steps are planned (the times are estimates and may be slightly delayed due to testing or security reviews): After 7:52:48 on May 10 (UTC+8): Execute the oracle upgrade workload; around 8:00 on May 10 (UTC+8), market recovery transactions will be executed by the guardian, which will lift the market pause and restore functions such as withdrawals, supply, repayments, etc., while initiating a four-hour grace period (during which liquidations are suspended and users can repay or increase collateral). At the same time, all asset LTV will be set to 0 to prevent new borrowing; around 12:00 on May 10 (UTC+8), the grace period ends and standard liquidation logic will resume. Over the following days, LTV will gradually return to previous levels, and normal market operations will be restored. Tydro and service providers will be monitoring the entire process.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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