According to CoinMeta, Wu said that the USDE margin perpetual contract platform based on hyperliquid and hip-3 announced the cessation of operations and the closure of all markets. The platform has accumulated a trading volume of over $4 billion, served more than 12,000 traders, and distributed nearly 2.5 million USDE margin rewards. Hyena stated that with the further deep integration of hyperliquid and USDC, the development space for the USDE margin model has changed, hence the decision to end operations. All markets will be phased out from August 31 to September 2 with automatic settlement. Officials claimed that there is no risk to users' funds, as Hyena and points do not possess monetary value, and there are no plans to issue Hyena tokens.