Ventuals Freezes Commodity and Index Markets and Sets vHYPE Withdrawals for June 19 Processing

Ventuals, a Hyperliquid ecosystem project that previously announced it would shut down, said it has frozen its commodity and index markets and paused trading for the rest of today. According to Odaily, the project said mark prices and oracle prices for each market have been set to today’s regular-session closing prices based on data from external exchanges, and funding rates have been set to zero. Ventuals said all open positions will be automatically settled based on the final mark price, and users with open positions do not need to take any action. The project also advised all vHYPE holders to initiate withdrawals as soon as possible if they have not already done so. Ventuals said vHYPE holders can expect to redeem HYPE at a 1:1 ratio and receive all accumulated native staking rewards since deposit. Ventuals said batch processing of initiated withdrawals will begin at 10:00 a.m. U.S. Eastern Time on June 19, with additional batch processing occurring every 24 to 72 hours thereafter. After a withdrawal request is processed, it will become claimable after 7.5 days, including Hyperliquid’s standard seven-day unstaking period and a 12-hour cooldown. Ventuals previously announced it would cease operations and be merged into another team within the Hyperliquid ecosystem, but further details were not disclosed.