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

Odaily Planet Daily News: Hyperliquid official posted on platform X, stating that the Hyper Foundation will provide approximately $10 million in grants to developers affected by the USDH exit, covering migration costs and supporting the ecological transition. The funds will be allocated to impacted HIP-1 spot deployers, HIP-3 perpetual contract deployers, HyperEVM protocols, USDH to USDC bridges, and Native Markets ecosystem participants.

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