https://t.co/4sbkwopYo2 has now sunset.
1:1 redemptions and conversions will be maintained by Bridge (@Stablecoin) at https://t.co/KvfKHhyphw over the coming months.
Final USDH wind down information may be accessed at https://t.co/4sbkwopYo2.
Last week, https://t.co/4sbkwopYo2 was sunset.
Users may continue to convert their USDH 1:1 for USDC and redeem for fiat over the coming months via @Stablecoin at https://t.co/KvfKHhyphw.
Today is the FINAL day to use https://t.co/zjACj79hPd to convert your USDH. https://t.co/zjACj79hPd will be deprecated at 1:00 PM UTC on July 17.
Bridge (@Stablecoin) will maintain 1:1 redemptions and conversions at https://t.co/ch1pRyEXh1, which requires a separate onboarding process.
Tomorrow is the final day to use https://t.co/zjACj79hPd to convert your USDH. USDH/USDC order book liquidity on Hyperliquid will wind down in tandem.
Bridge (@Stablecoin) will maintain 1:1 redemptions and conversions at https://t.co/ch1pRyEXh1, which requires a separate onboarding process.
This is your FINAL week to use https://t.co/zjACj79hPd to convert your USDH.
Liquidity support will be wound down and https://t.co/zjACj79hPd will be discontinued.
Bridge (@Stablecoin) will continue to maintain 1:1 redemption and conversion over the coming months at https://t.co/ch1pRyEXh1, which requires a separate onboarding process.
Please convert your USDH by July 16. https://t.co/zjACj79hPd will be deprecated at 1:00 PM UTC on July 17.
USDH borrows have been discontinued on portfolio margin.
Users are required to promptly withdraw lending deposits, repay borrows, and convert remaining USDH to USDC.
Hyperliquid has officially sunset USDH! ✅
All USDH-denominated markets on HyperCore have been fully settled.
If you're holding or using USDH, act NOW:
• Swap USDH → USDC 1:1 feeless on HyperEVM via Across
• Trade USDH/USDC spot on HyperCore
• Withdraw supplied USDH from Borrow/Lend
• Repay borrows by buying USDH/USDC
@HyperliquidX
As part of the USDH sunset, all USDH-denominated markets on HyperCore have completed settlement.
Users are recommended to immediately:
+ Swap USDH on HyperCore for USDC on the spot order book: https://t.co/O4RMl8FhVp
+ Swap USDH on HyperEVM for USDC 1:1 with no fees via Across: https://t.co/5K2fyXDlcf
+ Withdraw supplied USDH from Borrow/Lend: https://t.co/SgCtxGgzaU
+ Repay borrowed USDH by buying USDH/USDC: https://t.co/O4RMl8FhVp
With final markets settling across the Hyperliquid ecosystem we would like to remind our users of the pending shutdown of USDH.
HyperLend recommends that users repay any outstanding USDH debt and convert any supplied USDH to USDC.
See QT for methods to convert USDH.
reminder to swap all your USDH to USDC ASAP (hard deadline is july 17th), especially if you have USDH borrows on hypercore
your USDH debt will NOT be automatically converted to USDC and you will be at risk of liquidation because borrow rates will increase significantly
The final @Kinetiq_xyz Markets USDH pairs have completed settlement.
By June 22, users are required to convert their remaining USDH via:
- The HyperCore USDH/USDC order book
- The @AcrossProtocol 1:1 USDH to USDC bridge
- The USDH Dashboard
The final Kinetiq Markets USDH pairs have completed settlement.
By June 22, users are required to convert their remaining USDH via:
- The HyperCore USDH/USDC order book
- The Across 1:1 USDH to USDC bridge
- The USDH Dashboard
Ventuals will sunset all USDH pairs by June 19, with major markets settling today.
Users should redeem their USDH for USDC by June 22.
Zero-fee, 1:1 conversion is available on @AcrossProtocol via the HyperEVM USDH -> HyperCore USDC bridge.
Reminder:
@Markets_xyz will be settling from June 10th to June 17th.
@felixprotocol Markets will be settling from June 19th to June 20th.
If you hold USDH from closed positions in these markets, you may convert to USDC 1:1 with no fees via @AcrossProtocol
We're kicking off the USDH → USDC collateral migration tomorrow.
Starting June 10th, we'll begin winding down existing markets and settling open positions at mark price, working from least to most active over the coming days, ahead of the full transition to USDC. The final day to migrate will be June 17th.
If you're holding positions: every close settles at mark. We'll post the schedule below + have daily reminders before each batch so nothing catches you off guard.
USDC deployment + relisting of core markets is imminent, and details will be shared soon.
Full Market Settlement Schedule below.
In light of the USDH sunset, the Felix HIP-3 DEX and all live markets will begin sunsetting on June 19 and conclude on June 20. All traders are encouraged to close active positions before this time. Another reminder of this sunset will be sent in the Felix Discord and Telegram announcements channels on June 15.
Markets will be settled sequentially, with each market settling one hour after the previous market. For full settlement mechanics, please review the FLX HIP-3 Sunset section of the Felix docs here: https://t.co/BDL3iaFz7W
Telegram announcements: felixannouncements
Discord link in bio
To support the USDH sunset process, users may now redeem USDH on HyperEVM 1:1 to USDC on HyperCore with no fees via @AcrossProtocol
Please convert any remaining USDH you may have.