Neutron (@neutron_org): The Sun is Setting on Bitcoin Summer

The Sun is Setting on Bitcoin Summer Bitcoin Summer has been a focused campaign to bring BTC-native yield and liquidity to Neutron. Over the course of the program, the campaign surpassed $50M in Bitcoin TVL, integrated multiple native protocols, and demonstrated meaningful demand for on-chain Bitcoin strategies. Nevertheless, given Structured’s recent announcement about the wind down of MaxBTC, a vital cornerstone of the campaign, the Neutron Foundation has chosen to conclude Bitcoin Summer at the end of Phase 3. We want to provide clear guidance for participants on what changes and what to expect next. The end of the campaign is not a retroactive change to user positions, nor is it a loss event. What’s Changing for Bitcoin Summer Participants To facilitate a smooth off-boarding process, the campaign and reward distribution will continue until the end of Phase 3, on March 16th. At that time: Phase 3 NTRN rewards will become 100% instant claimable, with no vesting Any dNTRN locked in the Boost contract for multipliers will be fully unlocked and claimable, regardless of original lock duration Most campaign positions will retain the standard forfeiture structure until March 16, when the campaign officially concludes. To avoid forfeiting rewards, we encourage most users to wait until Phase 3 ends before withdrawing assets. However, the forfeiture clause has been removed for leverage looping positions on Amber and simple “hold maxBTC” positions. Therefore, these positions can now be unwound without forfeiting Phase 3 rewards. Given slippage and liquidity constraints, we recommend that leverage loopers begin slowly unwinding positions as soon as is convenient. Amber Wind Down Amber has also announced that it will begin winding down in coordination with Structured’s redemption process. No new deposits will be accepted, and exposure will be unwound in an orderly manner with the goal of bringing the protocol to a close on March 23rd. Leverage loopers are advised to start unwinding positions now Lenders are advised to withdraw assets once Phase 3 ends, and before the 23rd of March For more information, read Amber’s full announcement here. What’s Ahead for Neutron In the coming weeks, a step-by-step guide to withdrawing maxBTC from Neutron will be published. A detailed update on the future of Neutron will be published on March 16, alongside the conclusion of the Bitcoin Summer campaign.