The Vega community has recently almost unanimously passed a proposal to shut down the Vega chain. This decision signifies that the Vega project will refocus its remaining resources to support the maintenance and development of core protocol software, while terminating community support for the Vega chain and VEGA token. Currently, the Vega chain has halted all market trading functions and is expected to cease operation entirely after a 'slowdown period.' During this time, validators will be incentivized to keep their nodes running for users to withdraw funds. A final governance vote is underway to confirm the final settlement price for the suspended markets and distribute approximately 28 thousand US dollars of unused insurance pool funds to validators. The Vega chain is expected to remain operational at least until October 27, providing users with ample time to withdraw their assets. Users can connect their Vega and Ethereum/Arbitrum wallets for asset withdrawal through the official page. Please note that USDT withdrawals require a 24-hour delay period.

The Vega community has temporarily disabled VEGA trading functionality through the proposal to 'close the Vega chain'.