Tropykus Agreement announces closure; users must complete withdrawals and repayments by July 27

Bitcoin lending protocol Tropykus issued an official announcement on the X platform on April 29, announcing the launch of a step-by-step shutdown process for the current version of the agreement. According to the announcement, front-end support will end on July 27, 2026, and users must complete loan repayment and funds withdrawal via tropykus.com before this date. The announcement also confirms that the smart contract withdrawal feature has been enabled, while the deposit and new loan features have been permanently paused.

Shutdown Decision and Technical Reasons

According to Tropykus’ official announcement on April 29, the current version agreement framework was designed about four years ago and is a “basically unchangeable” design, which cannot provide the flexibility necessary to integrate future security standards. The announcement states that rapid technical development (including in the field of artificial intelligence) has imposed higher requirements on the agreement framework, and the existing framework cannot effectively adapt.

The announcement also mentions that a report previously released by partner Money on Chain prompted Tropykus to accelerate its decision-making, but the announcement clearly indicates that the decision to shut down the current version is not derived from that report. The announcement confirms that the deposit and new loan features have been permanently paused and will not be re-enabled.

User Action Timeline and Funds Operation Instructions

According to Tropykus’ official announcement on April 29, the key timeline for related user actions is as follows:

From today until July 27, 2026: You can complete loan repayment and funds withdrawal via tropykus.com

After July 27, 2026: Front-end support will be terminated, and interaction with the agreement will require technical knowledge to operate smart contracts directly

The announcement confirms that the withdrawal and loan repayment functions have never been paused and can still be operated normally. Tropykus recommends that all users complete all funds operations through the official front-end interface before July 27, 2026.

Ongoing Cooperation with Rootstock Labs

According to Tropykus’ official announcement on April 29, Tropykus is working together with Rootstock Labs to explore new architectures and innovative directions that can meet future Bitcoin financial service needs, but the announcement does not disclose any specific timeline or detailed plans for a new version.

Frequently Asked Questions

Is users’ funds currently safe for Tropykus users?

According to Tropykus’ official announcement on April 29, the smart contract withdrawal feature has been enabled, and both the withdrawal and loan repayment functions can be operated normally. The announcement confirms that users’ funds are safe.

By which date do users need to complete their actions?

According to the announcement from Tropykus on April 29, official front-end support will end on July 27, 2026. Tropykus advises all users to complete loan repayment and funds withdrawal via tropykus.com before this date; after that, operations will require technical knowledge to operate smart contracts directly.

Why did Tropykus shut down the current version agreement?

According to Tropykus’ April 29 announcement, the current version agreement framework was designed about four years ago and is a basically unchangeable design that cannot meet the flexibility required by future security standards; therefore, the current version agreement is being shut down, and it will explore a new framework together with Rootstock Labs.