Key Phase Reached: Full Settlement of USDH Markets on HyperCore
In a recent announcement, the platform confirmed that settlement for all USDH-denominated markets on its HyperCore infrastructure has been finalized. This marks a critical milestone in the execution of its USDH exit strategy, indicating that pricing and settlement mechanisms for these trading pairs have been adjusted according to plan.
Action Required: Managing Your USDH Assets
The platform urges users holding USDH to take immediate action. Delays could result in restricted functionality or exposure to avoidable market volatility. Users have several clear pathways to manage their positions:
- Convert on HyperCore Spot Markets: Users can directly exchange their USDH for USDC on the HyperCore spot order book.
- Swap via HyperEVM: For those operating in an EVM-compatible environment, converting USDH to USDC on HyperEVM is available.
- Withdraw from Lending Products: Users who have supplied USDH to lending products should withdraw these funds promptly for further handling.
- Repay USDH Debt: Purchasing USDH via the USDH/USDC trading pair to repay outstanding USDH borrows is an effective method to close related debt positions.
Act Promptly to Mitigate Potential Impact
This settlement is intrinsically linked to the broader USDH exit process. The announcement strongly advises users to complete asset conversions and address all USDH-linked lending positions without delay. A timely response is not only about aligning with the platform's upgrade but is a crucial step for users to proactively manage their asset risk and maintain liquidity.