Hyper Foundation proposes permanently burning ~37m HYPE.
Hyper Foundation has put forward a proposal to officially recognize around 37 million HYPE — roughly 10% of the current circulating supply — as permanently removed from circulation.
🟠 The tokens come from the Assistance Fund, where L1 trading fees are automatically converted
🟠 They are held at a system address with no private key and are technically inaccessible without a hard fork
🟠 In practice, the tokens are already “dead,” and the vote aims to formalize this status
What the vote decides:
🟠 Removal of the tokens from circulating and total supply
🟠 Formalizing social consensus that access to this address will never be restored.
HYPEUSDT
Perp
24.43
-7.59%
OMUSDT
Perp
0.0707
-6.86%