Decentralized lending protocol Tydro announced it will resume all functions on May 10 following a Chainlink oracle upgrade. The upgrade's time lock expires at 7:52:48 Beijing Time, after which Tydro will execute the oracle upgrade payload. By approximately 8:00, a market recovery transaction will be executed to lift the market suspension, restoring withdrawals, deposits, and repayments. A 4-hour grace period will pause liquidations, allowing users to repay loans or add collateral, with the Loan-to-Value (LTV) ratio set to 0 to prevent new borrowing.
The grace period will end around 12:00, resuming standard liquidation processes. Over the subsequent days, LTV levels will gradually return to normal, restoring full market operations. Tydro and its partners will closely monitor the transition to ensure stability and security.
Tydro to Fully Resume Operations on May 10 After Chainlink Upgrade
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