Hyperliquid Yield Protocol Hyperwave will close on December 16

The yield protocol Hyperwave on Hyperliquid announced that due to rising operational costs and regulatory uncertainties, the project has decided to gradually cease operations. The protocol will officially close on December 16, and users are advised to withdraw their funds before then to facilitate faster withdrawals.

After the closure, any remaining net asset value will be returned to the wallets holding the treasury tokens. Currently, all treasuries have been switched to a state that only allows fund withdrawals, including GWAVE, and users can unstake at any time. The treasury will continue to generate yields while converting funds into underlying assets and preparing for user withdrawals.

Additionally, all income generated before the protocol's closure will be used to buy back and destroy HWAVE. The project team reminds users to pay attention to security and be wary of phishing links that may appear during the closure period. If there are any questions regarding the closure arrangements, users can contact the official support team via Discord or in-app.