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

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

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