TechFlow news: The Vega community has nearly unanimously passed a proposal to shut down the Vega chain. This resolution means that the Vega project will refocus its remaining resources on maintaining and developing the core protocol software, while discontinuing community support for the Vega chain and VEGA token.
Currently, all market trading functions on the Vega chain have been halted and are expected to cease operations completely after a "cool-down period." During this time, validators will be incentivized to keep their nodes running to allow users to withdraw funds.
A final governance vote is now underway to confirm the final settlement prices for the suspended markets and to distribute approximately $28,000 in unused insurance pool funds to validators.
The Vega chain is expected to remain operational until at least October 27, giving users ample time to withdraw their assets. Users can connect their Vega and Ethereum/Arbitrum wallets via the official page to withdraw assets. Note that USDT withdrawals require a 24-hour delay period.
