According to BlockBeats on June 19, Ventuals announced that the HIP-3 DEX has been fully closed and that vHYPE withdrawals have now begun. The team said the complete withdrawal queue, totaling approximately 380,775 HYPE, was processed today at around 10:00 a.m. Eastern Time.
Ventuals stated that all previously queued vHYPE withdrawal requests were included in this processing batch. In other words, the vHYPE withdrawals that had already entered the queue were covered by the batch completed today.
The project also advised all vHYPE holders to initiate withdrawals. According to Ventuals, 100% of vHYPE holders can redeem HYPE at a 1:1 ratio and receive the native staking rewards accumulated since their deposits. The update centers on three points: the full closure of HIP-3 DEX, completion of the withdrawal queue processing, and the redemption arrangement for vHYPE holders.