Foresight News
Foresight News|May 09, 2026 03:47
[Tydro: Market Suspension to Be Lifted on May 10, All Functions Including Withdrawals to Resume] Foresight News reports that the decentralized lending protocol Tydro announced via a tweet that the Chainlink oracle upgrade timelock will end at 7:52:48 AM Beijing time on May 10. The following recovery steps are planned to be executed afterward (timing is approximate and may be slightly delayed due to testing or security reviews): After 7:52:48 AM on May 10: Execute the oracle upgrade load. Around 8:00 AM on May 10: Execute the market recovery transaction via the guardian, which will lift the market suspension and resume all functions, including withdrawals, supply, and repayments. A 4-hour grace period will also begin (during which liquidations will be paused, and users can repay or add collateral). All asset LTVs will be set to 0 to prevent new borrowing. Around 12:00 PM on May 10: The grace period will end, and standard liquidation logic will resume. In the following days, LTVs will gradually return to previous levels, and normal market operations will resume. Tydro and its service providers will monitor the process throughout.
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