Summary
Hashport have announced their bridge will shut down on May 31, 2026 at 12:00 UTC. To recover the original asset, you will need to redeem via Hashport before that date. As the cutoff approaches, markets can become volatile. Depegs, pool imbalance, and slippage are all possible. Plan ahead and avoid waiting until the last day.
Affected assets
Hashport-wrapped tokens on Hedera typically appear with the suffix [hts]. For example, USDC[hts], USDT[hts], WETH[hts], and WBTC[hts]. A full Hashport token list is available here, https://www.hashport.network/token-list/.
If you hold any of these tokens or provide liquidity in pools that contain them, this guide applies to you.
If you hold Hashport bridged tokens
You need to bridge your assets back to the native chain via Hashport before May 31, 2026 at 12:00 UTC. Once your assets are redeemed through the bridge, you are no longer exposed to the shutdown.
Bridge here: Hashport Bridge.
Do not leave it until the last second. Bridge operations can become congested as the deadline nears, and processing times may vary.
If you are an LP in a pool containing Hashport assets
LP positions carry additional risk as the shutdown approaches. As users exit Hashport assets by selling into pools, the pool can become heavily imbalanced toward the Hashport side. Impermanent loss can become effectively permanent if the Hashport asset depegs and does not recover.
What you can do
Consider reducing your exposure ahead of the cutoff date. Removing liquidity early helps you avoid being left holding the sunset side of the pair. Once you have removed liquidity, redeem via Hashport back to the original asset before the deadline.
Step-by-step: redeem / bridge out via Hashport
Before you start
- Only use official Hashport website https://www.hashport.network/.
- Beware of fake sites and unsolicited DMs.
- Confirm the exact token you hold (symbol and token ID) on Hashport’s token list (https://www.hashport.network/token-list/) to avoid confusing similarly named assets. Be aware that fees, limits, and processing times may vary.
Steps
- Go to the official Hashport bridge page, https://app.hashport.network/.
- Connect both wallets, your Hedera wallet and the wallet on the asset’s native chain e.g. Ethereum.
- Select the Hashport-wrapped asset you hold on Hedera e.g. USDC[hts].
- Choose the destination chain and asset. For USDC[hts] this would be USDC on Ethereum.
- Review the fees, limits, and estimated processing time.
- Confirm the transaction(s) in your wallet.
- Verify completion. Check that the Hedera-side transaction succeeded and that your destination chain balance has updated.
If your bridging gets stuck
Sometimes issues occur during bridging. Dropped connections, network issues, or other unforeseen problems can leave your transaction in an incomplete state where your Hedera assets become "stuck". If this happens, visit https://app.hashport.network/redeem, or click the ‘Redeem’ tab on Hashport, to manually push the transaction along.
Using SaucerSwap safely during the wind-down
Swapping
When buying or selling Hashport bridged assets check that the price of the asset hasn’t significantly depegged from the native asset, and that there is sufficient liquidity for the trade. Swapping assets with low liquidity can cause volatile price movements and high price impact, meaning the USD value of what you receive can be significantly less than the USD value of what you swapped in.
Liquidity pools containing Hashport tokens carry particular risk during the wind-down. As redemption pressure builds, Hashport pools can imbalance and Hashport bridged token prices can depeg from the underlying asset. Swap quotes may not reflect the native value, so bridging back via Hashport remains the reliable way to recover the underlying asset.
Providing liquidity
As the cutoff approaches, Hashport-containing pools should be treated as elevated risk. Consider gradually rotating your liquidity toward non-Hashport assets over time rather than waiting until the deadline.
FAQ
Will SaucerSwap automatically convert my Hashport assets?
No. You control your own assets. If you want to eliminate shutdown risk, you need to take action before the cutoff.
Can I still swap Hashport assets after May 31?
Trading may remain technically possible on V1 & V2 as the liquidity pools will still exist, but redemption and bridge-out will no longer be available. Token prices could significantly depeg from the native asset and liquidity will likely be scarce.
What if I miss the May 31 deadline?
The tokens will continue to exist on Hedera, however you will be unable to redeem or bridge out via Hashport, leaving you holding an asset with limited exit options.
