Ventuals: All markets will suspend trading today, vHYPE holders are advised to withdraw as soon as possible

Odaily Odaily previously announced that it will shut down the Hyperliquid ecosystem project Ventuals posted on X, stating that Ventuals' commodities and indices markets are now frozen. The Mark Price and Oracle Price for each market have been set based on data from external exchanges to the closing prices of today's regular trading session, and the funding rate has been set to 0. All markets will suspend trading for the remainder of the day, and the PNL of all positions will be automatically settled at the final mark price. If users currently hold open positions, no action is required; the system will automatically settle for you.

Additionally, Ventuals advises all vHYPE holders to initiate withdrawals as soon as possible (if not already done). 100% of vHYPE holders can expect to exchange their tokens back for HYPE at a 1:1 ratio, along with all native staking rewards accrued since deposit. All initiated withdrawals will begin batch processing at 10:00 AM Eastern Time on June 19, and batch processing will continue every 24 to 72 hours thereafter. Once the withdrawal request is processed, it will become claimable after 7.5 days (including Hyperliquid's native 7-day standard unstaking period and a 12-hour cooldown period).

Previously, Ventuals announced the closure of its business and will be integrated into another team within the Hyperliquid ecosystem; specific details have not been disclosed yet.