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

Odaily Planet Daily News Hyperliquid officially 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 affected HIP-1 spot deployers, HIP-3 perpetual contract deployers, HyperEVM protocols, USDH and USDC cross-chain bridges, and Native Markets ecosystem participants.

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 closure by the end of July. Migration-oriented grants are for teams migrating USDH-related markets or deployments to USDC, while closure-oriented grants are for projects choosing to terminate USDH-related businesses, with amounts lower than equivalent migration schemes.