Cointime update: Hyperwave, a DeFi project on the Hyperliquid ecosystem, said on Nov. 11 that it will close its protocol on Dec. 16, citing operating costs and regulatory uncertainty. All vaults are now withdrawal-only and GWAVE can be unstaked at any time. Vaults will keep generating yield until closure, and 100% of pre-shutdown vault revenue will be used to buy back and burn HWAVE.
Hyperliquid DeFi Project Hyperwave to Shut Down on Dec. 16
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