Hyper Foundation allocates approximately $10 million to support developers in the transition and wind-down of USDH, covering HyperEVM ecosystem projects.

Jinse Finance reported on June 28 that the Hyperliquid official channel stated that the Hyper Foundation will provide approximately $10 million in grant support to developers affected by the USDH exit, to cover migration costs and support an orderly transition of the ecosystem. This round of funding will be allocated to affected HIP-1 spot deployers, HIP-3 perpetual contract deployers, HyperEVM protocol, USDH:USDC cross-chain bridge, and ecosystem participants such as Native Markets.

Among them, HIP-1 and HIP-3 grants are based on the auction deployment cost estimation, while HyperEVM grants are evaluated based on the scale of USDH TVL impact. All recipients must complete migration or business closure by the end of July. Migration grants are for teams that migrate USDH-related markets or deployments to USDC; exit grants are for projects that choose to terminate USDH-related businesses, with amounts lower than the equivalent migration plan, to encourage an orderly transition of the ecosystem.