According to ME News, on May 9 (UTC+8), the decentralized lending protocol Tydro tweeted that the time lock for the Chainlink oracle upgrade will expire on May 10 at 7:52:48 Beijing Time. The following recovery steps are planned (times are estimated and may be slightly delayed due to testing or security reviews): After May 10 at 7:52:48: Execute the oracle upgrade payload; approximately at 8:00 on May 10, execute a market recovery transaction via the guardian, which will lift the market suspension and restore all functions including withdrawals, deposits, and repayments, while initiating a 4-hour grace period (during which liquidations are paused, allowing users to repay loans or add collateral) and setting the LTV for all assets to 0 to prevent new borrowing; approximately at 12:00 on May 10, the grace period ends and standard liquidation logic resumes. Over the following days, LTV levels will gradually return to their previous levels, and normal market operations will be restored. Tydro and its service providers will monitor the process throughout. (Source: Foresight News)
Tydro to Resume All Functions on May 10 Following Chainlink Oracle Upgrade
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Summary
Tydro announced on May 9 (UTC+8) that the Chainlink oracle upgrade timelock will end at 7:52:48 AM Beijing Time on May 10. This on-chain update marks the beginning of a recovery plan to restore market operations, withdrawals, deposits, and repayment functions. A 4-hour grace period will follow to suspend new borrowing. Standard liquidation logic is expected to resume around 12:00 PM the same day, with LTVs returning to normal levels over the coming days. The blockchain upgrade aims to stabilize the protocol’s operations.
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