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Hyperliquid front-end Dreamcash will close the CASH market and retain the non-custodial trading application.
ME News message: On June 26 (UTC+8), Hyperliquid’s mobile interface funded by Tether and the non-custodial trading platform Dreamcash announced that it will gradually shut down its CASH perpetual contract market based on Hyperliquid HIP-3. The reason is that USDC has been natively integrated into the platform, and the USDT market is at a disadvantage in terms of user experience.
The announcement said that all CASH markets will be settled sequentially according to a preset timetable between June 30 and July 2, and that at settlement they will be automatically liquidated at the external oracle price. During this period, the funding rate will be set to 0.
Dreamcash emphasized that the platform is a non-custodial architecture; user account balances and rewards will not be affected. Only the perpetual markets for related USDT-denominated underlying assets (such as TSLA, NVDA, GOLD, etc.) will stop trading. The team will subsequently focus on the development and promotion of its crypto trading mobile app.
(Source: PANews)