Wu says that the Hyper Foundation has announced it will provide approximately $10 million in grants to developers affected by the discontinuation of USDH, to support migration or orderly closure of related projects. Recipients include affected HIP-1 spot deployments, HIP-3 perpetual deployments, HyperEVM protocols, the USDH:USDC dedicated bridge, and Native Markets. Eligible teams must complete migration or shutdown by the end of July.

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GateUser-9d67589f
· 8h ago
USDH: The USDC-dedicated bridge also needs to be moved, and the cross-chain liquidity aspect has to be restructured.
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ButterStop-LossLine
· 10h ago
The funding has been given, but how about the migration costs and time loss? Hope it's not just about money.
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CraterLiquidity
· 12h ago
Both HIP-1 and HIP-3 are affected, taking hits on both spot and perpetual fronts, causing significant ecological impact.
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TableNextToJupiter
· 12h ago
The HyperEVM protocol is also on the list. It seems that USDH's involvement is deeper than imagined. The foundation has stopped the bleeding this time.
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ExitLiquidityEddie
· 12h ago
The migration deadline is tight, end of July is tough, the team is probably working overtime like crazy now.
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MirrorPetals
· 12h ago
A $10 million backstop—Hyper actually came through this time, and at least didn’t leave developers exposed.
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