TreasureDAO, a prominent player in the gaming ecosystem, has made the difficult decision to shut down its Treasure Chain mainnet by May 30, 2025. The move comes just five months after the chain’s launch and signals a strategic shift for the DAO. This decision follows the approval of Treasure Improvement Proposal 52 (TIP-52), which granted the team emergency powers to manage the shutdown without requiring further community votes. The DAO cites operational cost concerns as the primary driver behind this decision, aiming to focus resources on core product development and reduce costs.
Treasure Chain operated on ZKsync’s layer-2 scaling solution for faster transactions and lower fees. Now, all assets and NFTs will need to be bridged out from Treasure Chain before May 30th, the deadline set by the DAO. The MAGIC-ETH token pair has been migrated back to Ethereum Layer 1 and is currently tradable on Uniswap. Furthermore, liquidity for SMOL-MAGIC is undergoing migration.
Despite a strong financial position with a USDC runway extending through fall 2026, the DAO has acknowledged unsustainable burn rates and the need to prioritize core product development over maintaining Treasure Chain’s operational costs, estimated at $450,000 annually. This shutdown marks a significant departure for TreasureDAO, signaling a shift towards sustainable growth within the evolving DeFi and gaming landscape.
The project is currently undergoing a transition from blockchain operations to product innovation, particularly with the launch of TermMax Mainnet, which offers innovative features like fixed-rate borrowing and lending and one-click looping. DeFi Planet remains dedicated to providing updates on these developments as they unfold.