HyENA has announced it will cease operations and shut down all markets, with user funds unaffected. The official statement noted that HyENA was built on the Hyperliquid HIP-3 standard and Ethena’s USDe, enabling traders to earn rewards when using USDe as margin for perpetual contracts. It processed over $4 billion in trading volume, served more than 12,000 traders, and distributed nearly 2.5 million USDe in rewards to margin users.
HyENA Announces Cessation of Operations; All Markets to Be Delisted by September 2
TechFlowShare
Summary
HyENA has announced the shutdown of its platform, with all markets scheduled to be delisted by September 2. Built on Hyperliquid HIP-3 and Ethena’s USDe, the platform enabled traders to earn rewards using USDe as collateral. It processed over $4 billion in trading volume, served 12,000 traders, and distributed nearly 2.5 million USDe in rewards. As altcoins to watch remain under focus, the Fear & Greed Index may reflect shifting market sentiment. User funds are unaffected.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.