$HYPE Official proposal to conduct a validator vote to confirm that the HYPE tokens in the Assistance Fund are considered burned, which will permanently remove these tokens from circulation and total supply. The Assistance Fund, as part of L1 execution, automatically converts transaction fees into HYPE through the system address 0xfefefefefefefefefefefefefefefefefefefefe. This address is similar to a zero address and has never owned a private key, making the funds unrecoverable without a hard fork.

Voting "Yes" means that validators agree to consider the HYPE in the Assistance Fund as burned and commit to never authorize any protocol upgrades that can access that address. Voting will take place in the governance forum before December 21 at 04:00 UTC, and users can stake support for validators that align with their views before December 24 at 04:00 UTC. The final outcome will be based on the staking-weighted consensus as of that time. $HYPE

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