Odaily Planet Daily News: Hyperwave announced it will shut down the protocol, citing operational costs and regulatory uncertainty as reasons it can no longer continue operations. The protocol will cease operations on December 16, with all vaults currently supporting only withdrawals, and GWAVE can be unstaked at any time. Withdrawing funds before the shutdown is the fastest way to retrieve assets; afterward, remaining net asset value will be returned to wallets holding vault tokens. Before closure, vaults will continue generating yield and converting funds into underlying assets to support withdrawals, with 100% of revenue used to buy back and burn HWAVE.
The vault only supports withdrawals, and Hyperwave will cease operations on December 16.
2026-11-11 10:45:22
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