Ventuals has it in full HIP-3 DEX has ended, and vHYPE withdrawals are now open. The platform processed the entire withdrawal queue, approximately 380,775 HYPE, at approximately 10 AM ET today.
Anyone who already had a waiting list for the drawing before today will be automatically swept into this same batch.
For holders, the math is straightforward. Withdrawals become claimable after 7.5 days of processing, the original standard Super Liquid no hold period of 7 days, plus a 12 hour cooling off period on top. This puts the claim window at 10pm ET on June 26 for anyone included in today’s payment. From now on, new withdrawal requests will be processed once every 24 hours, also at 10 AM ET.
Ventuals tells every vHYPE holder Still sitting on the position to go ahead and start the withdrawal now. The platform says that 100% of holders will receive a 1:1 HYPE, plus any local accumulated return since they made their deposit.
What really happened to the Hip-3 Dex
Ventuals built the HIP-3 DEX on Hyperliquid, and the DEX has now been implemented. The withdrawal queue has been completely completed, as the termination process has reached its final stage today: removing the withdrawal queue that has accumulated. Approximately 380,775 HYPE moved through this waitlist in one go this morning.
This was not a partial closure or a temporary halt. Language here is final and completely finished. For anyone with capital sitting in vHYPE, the relevant question now is not whether the platform will shut down, but rather how quickly they can restore HYPE and whether anything has been lost in the process.
There was nothing. Ventuals commits a full 1:1 return on HYPE to each holder, including the staking return. No haircuts, no partial returns, no fine print making exceptions. As for DEX liquidation, this is a clean result.
How the withdrawal schedule actually works
Mechanics are important here because the delay is not arbitrary. Hyperliquid’s native no-staking period lasts 7 days on its own, and this is built into how staking works on the main chain, not something Ventuals added. Furthermore, there is a 12-hour waiting period for this withdrawal, for a total of 7.5 days from processing to claim.
For today’s payment, the claim date will be 10 PM ET on June 26. Anyone who had a pull request before today didn’t need to do anything extra, it went through the same batch, on the same schedule.
From now on, the system operates on a daily cycle. New withdrawal requests are collected at once every 24 hours, at 10 AM ET each day. You miss a payment today, and the next payment picks it up tomorrow at the same time, at the same hour 7.5 days from when that payment was processed.
Why are Ventuals pushing their holders to withdraw now?
The platform is not precise about the recommendation. Every vHYPE holder still holding a position is required to initiate a withdrawal. This is a direct question, not a negative reference buried in a longer update.
Part of the logic is simple: DEX is gone. There is no upside to leaving HYPE parked in a product that no longer works. The only result of waiting is a later claim date, since the 7.5 day clock only starts once the withdrawal is actually processed.
The other part of the message is reassurance. Ventuals explains that there is no risk in waiting versus acting now with regard to the amount returned, as each holder receives the same 1:1 return regardless of when they withdraw. The pressure to act now is about ending things cleanly, not about any kind of first-come, first-served return itself.
The fee structure that has supported Vhype from the beginning
One detail in Ventuals’ announcement is worth sitting on alone: The platform says it has never taken any fees on vHYPE, since the beginning. There are no deposit fees. There are no withdrawal fees. There was no cut taken from the original HYPE depositors who were earning the entire time they held the token.
This is a remarkable claim for a DeFi product, especially one that is now on the verge of completion. Many platforms build in some sort of fee structure, even a small one, to fund operations or generate revenue alongside the core product. Ventuals clearly didn’t do that, and they highlight that clearly when they close the book on vHYPE.
For coin holders, this explains part of why withdrawal conditions are clean. There is no fee balance to settle, and no deferred discount to be calculated before HYPE returns to depositors. What came in is what comes out, plus the return that has been accumulating locally throughout.
What this fart says about the Hip-3 experience
HIP-3 DEXs represent a specific type of staking within the Hyperliquid ecosystem, where third-party teams build their own trading venues on top of the Hyperliquid infrastructure. Ventuals was one of those bets, and this pullback marks the end of that particular attempt.
A clean termination with full returns and no fees extracted is a reasonable outcome for a product that did not last. It’s a different story than a decentralized exchange collapsing under the weight of bad debt or freezing withdrawals while holders wait and wonder. Ventuals appears to have managed an orderly exit, returning exactly what shareholders offered, plus a return, according to a published and predictable schedule.
For the broader Hyperliquid ecosystem, this is the kind of outcome that matters to confidence in future HIP-3 launches. Creators trying to use new DEXs on top of Hyperliquid infrastructure may fail sometimes, that’s the nature of the experience. How these failures are handled, cleanly or messily, determines whether users are willing to deposit on the next attempt.
Disclosure: This is not trading or investment advice. Always do your research before purchasing any cryptocurrency or investing in any services.
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