• 34ºc, Sunny

The Vega community has suspended the VEGA trading function through the proposal to "close the Vega chain"

On September 11th, the Vega community recently passed the proposal to close the Vega chain almost unanimously. The resolution means that the Vega project will refocus the 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 stopped all market trading functions and is expected to stop operating completely after the "slowdown period". During this time, validators will be incentivized to keep the nodes running so that users can withdraw funds. The final governance vote is underway to confirm the final settlement price of the suspended market and distribute about $28,000 of unused insurance pool funds to validators. The Vega chain is expected to remain up and running until at least October 27, giving users ample time to withdraw assets. Users can connect to Vega and Ethereum/Arbitrum wallets through the official page for asset withdrawal. It should be noted that USDT withdrawals require a 24-hour delay period.