Per Woofun AI, Ventuals disclosed the complete shutdown of its HIP-3 DEX platform, concurrently activating withdrawal mechanisms for vHYPE assets. This operational shift marks the conclusion of the decentralized exchange phase, transitioning focus to asset redemption.

A batch processing event executed around 10 a.m. EDT today cleared approximately 380,775 HYPE from the withdrawal queue, encompassing all previously pending requests. Ventuals instructed remaining vHYPE holders to initiate their exits, confirming that participants can redeem HYPE at a 1:1 ratio while retaining accumulated native staking rewards generated since their initial deposits.