$HYPE Hyper Foundation proposes a (voting) for validators to officially recognize HYPE in the Assistance Fund as a (burned) coin, thereby permanently removing the token from the circulating supply and total supply.

​For context, the Assistance Fund automatically converts trading fees into HYPE as part of L1 execution. The Assistance Fund uses the system address 0xfefefefefefefefefefefefefefefefefefefefe. Like a zero address, the Assistance Fund system address never has a (private key) to control its funds. Mathematically, the funds cannot be retrieved without a hard fork process.
​By choosing "Yes," validators agree to consider HYPE in the Assistance Fund as burned. No additional on-chain action is required since the tokens are already in the system address without a private key. This voting is a binding social consensus to never permit protocol updates to access that address.
​Voting Process:
​Validators must state their choice on the governance forum no later than December 21 at 04:00 UTC (by replying "Yes" or "No").
​Users can stake to validators aligned with their views no later than December 24 at 04:00 UTC.
​The final result will be based on consensus according to stake weight as of December 24 at 04:00 UTC.

you Like to Burn ? Yes or No ? 😁