Felix announces closure of DEX due to USDH shutdown

Decentralized derivatives platform Felix announced that due to the suspension of stablecoin USDH, Felix DEX based on HIP-3 and all operating markets will gradually close from June 19th and complete liquidation on June 20th. The platform reminds traders to close their positions before this, and each market will settle every hour in order. Community member Shaunda Devens stated that Felix was the first HIP-3 deployer to shut down, while other deployers faced similar challenges due to lack of attractive returns. Hyperliquid community member aaalex.hl pointed out that Felix's suspension is mainly related to the USDH suspension, rather than the market share squeeze of TradeXYZ. Shaunda Devens responded that Felix chose to close DEX instead of launching USDC trading pairs, and other deployers could only turn to segmented markets due to the dominance of TradeXYZ in the market, making it difficult to cover auction costs and the opportunity cost of pledging 500000 HYPEs. Hyperion is reclaiming the HYPE leased to Felix and plans to reallocate funds towards a higher return strategy.