A Neutron wallet holds the key to your neutron1 address, where NTRN and the tokens used by Neutron apps such as Astroport and Drop are recorded. The chain still produces blocks, and you can still send, receive and stake NTRN. What changed in 2026 is everything around it.
Neutron moved into long-term maintenance in the spring, most of its own apps went withdrawal-only, and a governance attack in September emptied ten app contracts before the chain halted. So before moving funds, it helps to know where Neutron stands. The first sections cover that, then the wallet basics, with every figure checked on October 24, 2026.
Neutron at a glance#
Item | Neutron |
|---|---|
Native coin | NTRN (1 NTRN = 1,000,000 untrn) |
Address | Bech32, 46 characters, starts with |
Chain ID |
|
Status | Long-term maintenance mode since March 2026, run by its validators and governance |
Transfer fee in Keylo | About 0.001 to 0.002 NTRN (gas price 0.0053 untrn on October 24, 2026) |
Block time | About 7 seconds, and a transaction is final once it's in a block |
Unbonding period | 20 days |
Validators | 13 slots, 10 active on October 24, 2026, secured by staked NTRN |
Smart contracts | CosmWasm |
Explorer | |
In Keylo | Send, receive, memos, token balances, history, staking. No swaps, IBC transfers, contract or app access, or governance votes |
Where Neutron stands in late 2026#
Neutron launched in 2023 as a smart contract chain secured by the Cosmos Hub's validators through Interchain Security. That made it a consumer chain: it borrowed the Hub's security instead of running its own. Neutron later left that model and now runs its own validator set, secured by staked NTRN. The Hub then removed Interchain Security entirely with its v28 upgrade in September 2026.
In mid-March 2026 the team announced long-term maintenance mode, citing market conditions. Several things followed:
Supervault deposits stopped in March, and the Neutron DEX and Supervault went withdrawal-only in April.
Drop opened dNTRN redemptions on March 23.
A one-time NTRN redemption for USDC ran in spring 2026. Deposits closed on April 30 and claims on June 30, according to reports at the time.
Hadron Labs maintained the network until June 30, 2026. Then, in August, governance appointed Solva as security maintainer for up to 12 months (proposal 4).
A spring upgrade replaced Neutron's custom governance and staking with the standard Cosmos modules. A June proposal also cut the validator cap from 18 to 13.
None of this stopped Neutron wallets from working: as of October 24, 2026, transfers and staking run as normal. But fewer people maintain the chain, and fewer services support it, so check your exchange still accepts Neutron deposits before you send.
The September 2026 governance attack#
On September 22, 2026, an attacker passed Neutron governance proposal 9, framed as an "AI agent" experiment, using stake bought for about 20,199 USDC. The proposal handed 11 contracts, most of them Astroport's and Drop's, to the attacker. The attacker emptied ten of them and bridged part of the proceeds to other chains. Reports put the value at roughly $9.4 million.
Validators halted Neutron that morning. A recovery release on September 25 restored all 11 contracts to their original code and admins and moved the stolen funds still on Neutron to a recovery multisig. It also moved the attacker's stake there and locked both attacker accounts.
About 1.7 million of the stolen ATOM had reached the Cosmos Hub, which halted too and moved the 1,227,121 ATOM still there into its own recovery multisig, as its forum update explains. Hub proposal 1058 later sent that ATOM on to Neutron.
On October 22, Neutron proposal 10 passed. It authorizes the multisig to return the recovered funds to the contracts they came from. ASTRO, NTRN and dATOM were recovered in full. About 71% of the ATOM and 59% of the USDC came back, while almost all the wstETH and all the DYDX were lost. Astroport, for its part, ended token-holder governance on Neutron and Terra on October 8.
For an NTRN holder, the lesson is about governance. With so little NTRN staked (about 18% on October 24, 2026), a cheap stake can swing a vote: roughly $20,000 of NTRN passed proposal 9. Your validator votes your stake unless you vote yourself. Keylo has no voting screen, so choose validators whose votes you trust.
Your Neutron wallet address and tokens#
A Neutron address is 46 characters long and starts with neutron1, followed by lowercase letters and digits that end in a checksum. A typo almost always gives an invalid address, so Keylo catches it. Copy and paste anyway.
Keylo derives the key on m/44'/118'/0'/0/0, Cosmos coin type 118. Keplr uses the same default, so one phrase gives the same neutron1 address in both. The same key also opens cosmos1 and osmo1 addresses, which are separate accounts on other chains.
Tokens on Neutron come in two shapes. IBC tokens from other chains are named ibc/ plus a hash, while tokens created on Neutron are named factory/ plus the creator's address. Keylo resolves both and lists them next to NTRN. Deposits that sit inside an app's contract, such as a Supervault deposit or staked liquidity, aren't wallet balances, so Keylo doesn't show them.
How to choose a Neutron wallet#
Cosmos extension and mobile wallets. Keplr is a browser extension and mobile app for Cosmos chains. Its site lists staking, governance voting and hardware wallet logins. You need a wallet like this to withdraw from Neutron apps, because withdrawals are contract calls.
Hardware wallets. Ledger and similar devices keep the key offline and pair with a software wallet.
Exchange accounts. The exchange holds the NTRN. Check that it still supports the Neutron network before depositing.
Web wallets. These run in a browser tab with nothing to install. Keylo is one of them.
Keylo fits a narrow job on Neutron, and it's honest to say so. It holds, sends and stakes NTRN, and it holds IBC and factory tokens that are already in your wallet. It can't withdraw from Astroport, Drop or the Supervault, vote, or move tokens to other chains over IBC. It also has no browser extension, WalletConnect or hardware wallet support.
If you still have funds inside a Neutron app, you need a wallet that can sign contract calls. The March plan said the team's withdrawal portal would close on June 30, 2026, with a manual withdrawal guide in its place, so check Neutron's own channels for the current route.
How to set up a Neutron wallet in Keylo#
Keylo works in any modern browser on phone or desktop, and you can pin it to your home screen.
Register at Keylo with your Full name, Email, Phone number and a Password typed twice. Tick the terms and press Create account.
Confirm your email if the "Check your inbox" screen appears.
Choose Create a new wallet on "Set up your wallet", or Import a recovery phrase if you already have a Neutron wallet in Keplr. A new wallet gets a 12-word phrase made in your browser and encrypted there with your password (Argon2id, then AES-256-GCM). Keylo only stores the encrypted copy.
Open Neutron from your asset list. The page shows your
neutron1address, NTRN balance, tokens and a Stake button.For a new wallet, back up the phrase. Visit Settings, choose Recovery phrase, enter your password, tap Show my phrase, and write the words on paper. Then tap I wrote them down and confirm three words.
Set up Two-factor authentication and an Anti-phishing code in Settings.
An imported Keplr phrase brings its first account, with existing delegations, because those live on chain. Accounts created later from the same phrase sit on other paths and won't show. Remember too that Keylo can't restore a wallet from a password reset. The phrase is the only backup.
Get a neutron1 address in a minute
Sign up with email and a password. Keylo creates the wallet in your browser, ready to receive, send and stake NTRN.
Receiving and sending NTRN#
Receive NTRN#
Tap Receive and choose Neutron. You'll see "Receive on Neutron", a QR code and "Your Neutron address".
Use Copy or Share, or show the QR code.
On an exchange, pick the Neutron network for the withdrawal, if it's still offered.
Leave any memo box empty, because the address is yours alone.
The screen also warns you to use only the Neutron network, and it notes that personal wallets don't need memos.
Send NTRN or a Neutron token#
Tap Send and choose NTRN or a token you hold on Neutron.
Paste or scan a
neutron1address into To.For an exchange deposit, add its memo in Memo. Skip it for personal wallets.
Enter an amount or tap Max, which keeps the NTRN fee back.
Tap Review, choose Slow, Normal or Fast, and check the recipient, memo and fee.
Tap Send, then follow "On its way" and "Sent" to the View on Mintscan link.
Keylo simulates each transfer first. It won't accept a validator address (neutronvaloper1...) in To, because delegating happens on the Stake page. It also rejects addresses from other chains, and it asks whether you're sending to an exchange when the memo is empty. Token sends need some NTRN for gas, and Keylo says so if you have none.
Neutron fees#
Neutron runs a fee market, so the minimum gas price can rise with demand. On October 24, 2026, it sat at its floor of 0.0053 untrn per unit of gas. A plain NTRN transfer uses about 140,000 to 150,000 gas, and Keylo sets the gas limit half again above its estimate. At that price, a transfer costs roughly 0.001 NTRN on Slow and 0.002 NTRN on Fast.
Keylo reads the live price before each transaction. Slow pays the minimum, and Normal and Fast add a margin. The chain can accept fees in some other tokens, but Keylo always pays in NTRN. The review screen shows the exact fee before you sign, and normal sends carry no Keylo fee.
Staking NTRN#
Staking bonds NTRN to one of Neutron's validators. The coins stay at your address, and only you can unstake them.
Open Neutron and tap Stake. "Stake NTRN" shows your Available, Staked, Rewards and Unstaking amounts.
Pick a validator. Each row shows its voting power and commission.
Enter an amount, keep some NTRN for fees, and tap Review.
Check the summary, then Confirm.
Later, use Add, Move or Unstake on the delegation, or the claim button above it.
A small validator set#
Ten validators were active on October 24, 2026, out of 13 slots. Most charged 10% commission, and the chain sets no minimum. With so few, it's easy to check each one's uptime and voting history on Mintscan. Spreading stake over two or three of them also limits the damage if one misbehaves.
Why the reward rate looks so high#
NTRN inflation floats between 1% and 30% a year, aiming for two-thirds of supply staked. On October 24, 2026, only about 95 million of 539 million NTRN was staked, roughly 18%. So the chain minted at its 30% cap, and all of that new NTRN goes to stakers.
Spread over so little stake, the nominal rate comes out well above 100% a year before commission. That isn't free money. New NTRN grows the supply by up to 30% a year, so unstaked NTRN loses its share fast, and the high rate mostly reflects that dilution. Governance can also change these settings.
Rewards in tokens other than NTRN#
Neutron also passes fees paid in other tokens to stakers, so pending rewards can include ASTRO, dNTRN, wstETH or IBC tokens. Keylo's Rewards figure counts NTRN only, and its claim button (for example Claim 1.25 NTRN in rewards) appears only while some NTRN reward is pending. When you use it, every pending token comes along and lands in your token list. If only other tokens are pending, Keylo shows no claim button, so claim those in a wallet such as Keplr.
The 20-day unbonding period#
Unstaked NTRN stays locked for 20 days, earning nothing and unable to move. Keylo shows the date each unstake finishes, and the NTRN returns by itself. Up to seven unstakes can run per validator. Moving stake is instant, but stake you just moved can't move again for 20 days.
Slashing takes 5% for double-signing and 0.01% for long downtime, which also jails the validator. Delegators lose the same share as their validator.
Neutron safety checklist and Keylo's limits#
Most current Neutron scams play on the attack and the wind-down news.
Fake refund and claim sites. Restitution goes back to the original contracts through the recovery multisig, under proposal 10. Nobody needs your phrase or a "verification" transfer to return funds.
Fake redemption offers. The NTRN-for-USDC redemption closed in June 2026, according to reports at the time. Any new "redeem now" link is suspect.
Impersonated support. Keylo staff never ask for your phrase or password. Reach the team through the Keylo support page, and set up the protections described on Keylo security.
Dead deposit routes. Confirm an exchange still lists Neutron before you send.
Keylo can't vote, can't reach Neutron apps and can't move tokens over IBC. It has no hardware wallet support or card purchases either. The networks page shows the chains it does cover. The Cosmos Hub wallet guide explains the ATOM side of the recovery, and the Osmosis wallet guide covers another Cosmos DeFi chain.
Before you move NTRN:
Your phrase is written down and confirmed.
You know whether any funds are still inside a Neutron app.
Your exchange still accepts Neutron deposits, with a memo if required.
Some NTRN stays unstaked for fees.
A small test transfer arrived first.
Keep NTRN in a wallet only you control
Keylo encrypts your recovery phrase on your device and never sees it. Send, receive and stake NTRN from any browser.
Neutron wallet FAQ#
Is Neutron shutting down?
Not as of October 24, 2026, but it has wound down. Neutron entered long-term maintenance in March 2026. Its DEX and Supervault went withdrawal-only, Hadron Labs stopped maintaining the network on June 30, and governance appointed Solva as security maintainer in August. On October 24 the chain was still producing blocks with 10 active validators, and NTRN could be sent and staked as normal.
What happened in the Neutron governance attack?
On September 22, 2026, an attacker used stake bought for about 20,199 USDC to pass proposal 9, which handed 11 contracts, mostly Astroport's and Drop's, to them. They emptied ten. Neutron halted the same day and restored the contracts on September 25. Proposal 10, passed on October 22, authorizes returning the recovered funds to the affected contracts.
Will I get my funds back after the Neutron exploit?
It depends on the asset. Recovered funds go back to the contracts they were taken from, and each contract takes the same haircut per asset. ASTRO, NTRN and dATOM were recovered in full, about 71% of the ATOM and 59% of the USDC came back, and almost all the wstETH and all the DYDX were lost. Each protocol decides how it pays users, so check Astroport or Drop.
How long does it take to unstake NTRN?
20 days. After you unstake, the NTRN earns nothing and can't be moved until the period ends. Then it returns to your available balance automatically, and Keylo shows the date. To switch validators without waiting, use Move on the delegation, which is instant and keeps earning.
Why is the Neutron staking APR so high?
Because very little NTRN is staked. Inflation floats between 1% and 30%, aiming for two-thirds of supply staked, but only about 18% was staked on October 24, 2026. So the chain mints at its 30% cap and gives it all to stakers, a nominal rate above 100% a year. Most of that reflects dilution of unstaked NTRN, not new value.
Is Neutron still secured by the Cosmos Hub?
No. Neutron launched in 2023 as a consumer chain using the Cosmos Hub's validators through Interchain Security, then moved to its own validator set secured by staked NTRN. The Hub removed Interchain Security entirely in September 2026. Today 13 validator slots exist on Neutron, with 10 active as of October 24, 2026.
Why do I get staking rewards in other tokens on Neutron?
Neutron passes fees paid in other tokens to stakers, so pending rewards can include ASTRO, dNTRN or IBC tokens besides NTRN. Keylo counts only the NTRN part, and its claim button appears only while some NTRN is pending. Claiming then collects every token into your Neutron token list. Rewards pending only in other tokens need another wallet, such as Keplr.
