[Ventuals Faces HYPE Withdrawal Run, Officially Promises 85% Redemption Guarantee] BlockBeats News, March 16: The trading platform Ventuals, based on HIP-3, experienced a withdrawal run on HYPE. The liquidity staking token vHYPE issued by Ventuals briefly dropped to $9 but has since rebounded to $31. HYPE is currently priced at $37.5, with vHYPE still trading at an approximate 18% discount. Hyperliquid HIP-3 allows anyone to deploy their own perpetual contract sub-DEX, but it requires staking at least 500,000 HYPE. Ventuals, after absorbing users' HYPE, issued the liquidity staking token vHYPE. However, its treasury is now nearing the minimum staking threshold of 500,000 HYPE, leading to panic redemptions by users. Ventuals CEO Alvin Hsia stated that this is not a bug but rather part of the design rules. Withdrawals will be paused once the treasury approaches the threshold to avoid disrupting traders in the Ventuals market. Ventuals is currently working with private LPs to increase its HYPE holdings. Ventuals and its partners will provide redemptions through major secondary liquidity pools at a vHYPE-to-HYPE ratio of 0.85:1 as the final discount floor. If users require immediate liquidity, they are guaranteed an exit with a maximum 15% discount.