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

Odaily Odaily previously announced that it will be shut down Hyperliquid ecosystem project Ventuals posted on X, stating that Ventuals' commodity and index markets are now frozen. The Mark Price and Oracle Price for each market have been set based on data from external exchanges, using today's regular trading session closing prices, with the funding rate set to 0. All markets will suspend trading for the remainder of today, and the PNL for all positions will be automatically settled at the final mark price. If users currently hold open positions, no action is required, as 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 vHYPE back for HYPE at a 1:1 ratio and receive all native staking rewards accrued since the deposit. All initiated withdrawals will be processed in batches starting at 10:00 AM Eastern Time on June 19, with subsequent batches processed every 24 to 72 hours. After the withdrawal request is processed, it will become claimable in 7.5 days (including Hyperliquid's native 7-day standard unstaking period and a 12-hour cooling-off period).

Previously, Ventuals announced it would cease operations and merge with another team within the Hyperliquid ecosystem, though specific details have not yet been disclosed.