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

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

Community member Shaunda Devens disclosed that while USDH was indeed one of the reasons for Felix's closure, Felix chose to completely shut down the DEX rather than continue as a HIP-3 deployer by launching USDC trading pairs. Although not directly impacted by TradeXYZ, because TradeXYZ dominates the major markets, other deployers are left to pursue niche markets. These niche markets struggle to cover auction costs and cannot justify the opportunity cost of staking 500,000 HYPE tokens.