Treasure DAO has confirmed that Treasure Chain will shut down on May 30 at 11 AM PST, following the approval of governance proposal TIP-52. All holders of ETH, MAGIC, SMOL, and Beacon WOP NFTs must bridge their assets off the chain before that date.
ETH, MAGIC, and Beacon WOP NFTs should be bridged using bridge.treasure.lol, while SMOL holders must use usenexus.org via the Hyperlane protocol. Bridging into Treasure Chain has already been disabled, and the team is actively supporting users to migrate assets and liquidity. MAGIC-ETH liquidity is now available on Uniswap, with SMOL-MAGIC LP migration still in progress.
TIP-52 grants temporary authority to the core team to handle the shutdown and manage key infrastructure without needing further governance votes. The move comes amid serious financial pressures and is part of a strategic pivot away from maintaining a Layer 2 chain. This change is expected to extend the DAO’s runway into 2026, with a new focus on AI agents, Smolworld, and Canopy.
