Due to the suspension of USDH, Felix DEX will complete full liquidation on June 20

Odaily Planet Daily News: Decentralized derivatives platform Felix announced that due to the suspension of the stablecoin USDH, the Felix DEX based on HIP-3 and all active markets will begin a gradual shutdown on June 19, completing full liquidation on June 20. The platform reminds traders to close their positions before this date. Each market will be settled sequentially, with a one-hour interval between adjacent markets.

Community member Shaunda Devens disclosed that while USDH was one of the reasons for Felix's closure, the platform chose to completely shut down the DEX rather than continue as an HIP-3 deployer to list USDC trading pairs. Although not directly impacted by TradeXYZ, as TradeXYZ dominates the primary markets, other deployers are forced to pivot to niche segments, which struggle to cover auction costs and cannot justify the opportunity cost of staking 500,000 HYPE tokens.