2025-12-20 05:19:44

$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 ? 😁

HYPE-0,57%

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