According to Odaily, Ventuals, a Hyperliquid ecosystem project that had previously announced plans to shut down, posted on X that its commodity and index markets have now been frozen. The project said the mark price and oracle price for each market have been set to the closing price of today’s regular trading session, based on data from external exchanges. Funding rates have also been set to 0.
Open-position PNL will be settled automatically
Ventuals said all markets will remain paused for the rest of today. Profit and loss, or PNL, for all positions will be automatically settled according to the final mark price. Users who currently hold open positions do not need to take any action, as the system will handle the settlement process automatically.
The arrangement applies to the Ventuals commodity and index markets that have been frozen. Under the announcement, the mark prices and oracle prices have already been set using external exchange data, while the funding rate has been reset to zero. Final results for user positions will therefore be processed under this settlement mechanism.
vHYPE withdrawals begin batch processing on June 19
Ventuals also advised all vHYPE holders to initiate withdrawals as soon as possible if they have not already done so. The project said 100% of vHYPE holders can expect to redeem HYPE at a 1:1 ratio and receive all native staking yield accumulated since their deposits.
According to the announcement, all initiated withdrawals will begin batch processing at 10:00 a.m. Eastern Time on June 19. After that, batch processing will continue once every 24 to 72 hours. Once a withdrawal request has been processed, it will become claimable after 7.5 days. This period includes Hyperliquid’s native seven-day standard unstaking period and an additional 12-hour cooldown period. Ventuals had previously announced that it would shut down its business and merge into another team within the Hyperliquid ecosystem, while specific details have not been disclosed.