Felix DEX to Complete Full Liquidation on June 20 Amid USDH Stablecoin Shutdown

According to Odaily, decentralized derivatives platform Felix will begin closing its DEX and all running markets on June 19, with full liquidation to be completed on June 20, following the stablecoin USDH's shutdown. Markets will settle sequentially with one-hour intervals between each. The platform urged traders to close positions before the closure begins.

Community member Shaunda Devens noted that while USDH's suspension is one factor driving the shutdown, Felix's decision to fully close rather than transition to USDC trading pairs reflects broader challenges, including difficulty covering auction costs and justifying the opportunity cost of staking 500,000 HYPE tokens.