In just 48 hours, the Sui community came together to approve a crucial vote on the blockchain — marking a pivotal moment for the entire ecosystem. Cetus expresses its deep gratitude to over 90% of validators and stakers who voted in favor. Regardless of your position, your participation represents a collective step towards resolving this incident and strengthening our shared future. 💪
Cetus intends to complete its full recovery and restart in approximately one week, which will include data restoration, rebooting the updated CLMM contract, and fully resuming all paused product functions, including LP functions, etc.
Here is our recovery roadmap for the next week:
1. Protocol update
2. CLMM contract update
3. Data restoration
4. Asset conversions + deposits
5. Compensation contract
6. Peripheral product updates
7. Complete protocol restart$CETUS
8. Cetus is fully online again.
We know that the next week will not be easy, and we sincerely appreciate your patience as we navigate these complex yet crucial steps with trusted partners to ensure maximum security. Our team is fully mobilized and working 24/7 to provide a safe and complete recovery as quickly as possible.
We will share updates on our progress with full transparency. Thank you for supporting us. Together, we are building a stronger, safer, and more resilient Cetus and Sui DeFi ecosystem.