# Hyperwave Sets Dec. 16 Shutdown, Moves Vaults to Withdrawals Only

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/54917
Published: 2026-11-12T04:31:38.000Z
Updated: 2026-11-12T04:31:38.000Z
Section: Business

> The protocol cited rising operating costs and regulatory uncertainty. Remaining vault value is scheduled to go to wallets holding the corresponding vault tokens after closure.

Hyperwave will end operations Dec. 16 after its team cited rising operating costs and regulatory uncertainty, giving users a deadline to withdraw from the protocol’s vaults.

The Hyperliquid-based yield protocol moved all vaults into withdrawal-only mode on Nov. 11. Vaults will continue generating yield as capital is converted into underlying assets to support withdrawals. Users who withdraw before the shutdown date can access their funds sooner.

Any net asset value left after closure is scheduled to go to wallets holding the corresponding vault tokens. Hyperwave also plans to use all protocol revenue generated before the shutdown to buy back and burn its HWAVE token. GWAVE holders can now unstake at any time, with previous withdrawal limits lifted.

Hyperwave’s total value locked peaked at $45.75 million in August 2025 and had fallen below $950,000 by the shutdown announcement. Incubated by Swell Labs, the protocol offered tokenized exposure to yield strategies in the Hyperliquid ecosystem. Operations are scheduled to end Dec. 16.