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Hyper Foundation allocates approximately $10 million to support the USDH exit migration, covering HIP-1, HIP-3, and HyperEVM ecosystem projects.

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Mars Finance News, the Hyper Foundation announced that it will provide approximately $10 million in grants 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 ecosystem participants, including HIP-1 spot deployers, HIP-3 perpetual contract deployers, HyperEVM protocols, USDH:USDC cross-chain bridges, and Native Markets. Among them, migration grants are intended for teams that migrate USDH-related markets or deployments to USDC; exit grants are for projects that choose to terminate USDH-related business, with amounts lower than equivalent migration plans, to encourage a smooth wind-down of the ecosystem. HIP-1 and HIP-3 grants are calculated based on auction deployment costs, while HyperEVM grants are assessed based on the scale of USDH TVL impacts. All grant recipients must complete migration or business closure by the end of July. On the user side, USDH holders need to follow each protocol’s guidance and can exchange for USDC through spot markets or HyperEVM paths. The official has provided fee-free or spot trading channels to support asset conversion. The Hyper Foundation also stated that the USDH migration is progressing smoothly thanks to the active cooperation of developers and the community, and expressed gratitude to the relevant builders.
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