Hyperwave to Shut Down Protocol on December 16, All Vaults Now Withdrawal-Only

November 11: Hyperwave has announced a gradual wind-down, citing operating costs and regulatory uncertainty that make continued operation untenable. Protocol operations will end on December 16, and withdrawing funds before then is the fastest option for users; after that date, remaining net value will be returned to wallets holding vault tokens. All vaults are now withdrawal-only, including GWAVE, which can be unstaked at any time. Vaults will continue to accrue yield while converting funds into base assets to support withdrawals. 100% of vault revenue before the shutdown will be used for HWAVE buybacks and burns. Hyperwave reminds users to watch out for phishing links and to contact support via Discord or the app with any questions.