Hyperwave to Cease Operations on December 16, Vaults Only Support Withdrawals

Hyperwave has announced that it will cease operations on December 16 due to operational costs and regulatory uncertainties. Users are encouraged to withdraw their funds before this date, as it is the fastest way to retrieve their assets. After the closure, the remaining asset net value will be returned to the wallets holding vault tokens. Currently, all vaults only support withdrawals, and GWAVE can be unstaked at any time. Before the closure, the vaults will continue to generate revenue and will convert funds into underlying assets to support withdrawals. 100% of the vault's income before closure will be used to buy back and destroy HWAVE.

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