Hyperliquid’s USDH Exit Sparks User Alert as Markets Fully Settle on HyperCore

Hyperliquid sunsets USDH as all HyperCore USDH markets settle, with users directed to swap, withdraw, or repay positions.

Hyperliquid has completed the sunset of USDH after all USDH-denominated markets on HyperCore were fully settled.

The update means USDH users now need to manage remaining balances, supplied funds, or borrowed positions.

Hyperliquid directed users toward available routes for swapping, trading, withdrawing, and repaying USDH positions.

The process affects users across HyperCore, HyperEVM, Borrow/Lend, and spot market activity involving USDH and USDC.

USDH Markets Fully Settle on HyperCore

Hyperliquid confirmed that all USDH-denominated markets on HyperCore have completed settlement. 

This step marks the formal end of active USDH market support on the platform. Users holding USDH are now being guided toward available exit options.

The settlement affects traders who used USDH in HyperCore markets before the sunset. It also affects users with balances tied to lending, borrowing, or spot trading. ‘

Therefore, account checks may be needed for anyone who still holds USDH.

Hyperliquid’s guidance focuses on moving users toward USDC after the USDH exit. 

USDC is available through spot trading on HyperCore and direct swapping through HyperEVM. These options are intended to help users manage remaining USDH exposure.

Users Given Swap and Trading Options

Users can swap USDH for USDC on the HyperCore spot order book through the USDH/USDC market. 

This route allows users to trade remaining USDH directly within the Hyperliquid app. The platform also provided the trading link for users seeking that option.

For HyperEVM users, Hyperliquid also listed a 1:1 USDH to USDC swap route through Across. 

The notice said this route is available with no fees. This option is aimed at users who hold USDH on HyperEVM rather than HyperCore.

The two routes cover different user needs across the Hyperliquid ecosystem. 

Spot traders may use the HyperCore order book, while HyperEVM users may use Across. Both routes are part of the broader USDH sunset process.

Read Also:

Borrow and Lend Users Told to Review Positions

Hyperliquid also advised users to withdraw any supplied USDH from Borrow/Lend. 

This applies to users who provided USDH liquidity through the platform’s earn section. Remaining supplied balances may need direct action after market settlement.

Hyperliquid also instructed borrowers to repay USDH loans by purchasing USDH through the USDH/USDC market.

This gives users a path to close borrowed positions tied to the sunset asset. Loan repayment remains a separate step from simply swapping wallet balances.

The USDH sunset places attention on user account management across multiple Hyperliquid products. 

Users may need to review spot balances, lending deposits, and open borrow positions. For now, the platform’s notice directs remaining USDH activity toward USDC conversion and position closure.

The post Hyperliquid’s USDH Exit Sparks User Alert as Markets Fully Settle on HyperCore appeared first on Live Bitcoin News.