Hyper Foundation: Approximately $10 Million in Grants to Support USDH Exit Migration

Odaily Odaily reports that Hyperliquid has announced on the X platform that the Hyper Foundation will provide approximately $10 million in grants to developers affected by the USDH exit. These grants are intended to cover migration costs and support the ecosystem transition. Funds will be allocated to affected ecosystem participants, including HIP-1 spot deployers, HIP-3 perpetual contract deployers, HyperEVM protocols, USDH to USDC bridges, and Native Markets.

HIP-1 and HIP-3 grants are calculated based on auction deployment costs. HyperEVM grants are assessed based on the scale of USDH TVL impact. All recipients must complete migration or business wind-down by the end of July. Migration grants are aimed at teams migrating USDH-related markets or deployments to USDC, while wind-down grants are for projects choosing to terminate USDH-related operations, with amounts lower than equivalent migration solutions.