The Hyper Foundation proposes officially recognizing Assistance Fund HYPE tokens as permanently burned.
At its core, the Assistance Fund automatically converts trading fees into HYPE tokens as part of the layer one execution. These tokens are sent to a system address, which, like the zero address in Ethereum, has no private key controlling it. Once tokens reach this address, they are mathematically irretrievable unless a hard fork occurs, meaning the funds are effectively out of circulation.
The Hyper Foundation’s proposal asks validators to vote Yes or No on whether to recognize these HYPE tokens as burned. A Yes vote does not trigger any onchain action because the tokens are already inaccessible. Instead, it serves as a binding social consensus: validators agree to never authorize a protocol upgrade that would access the system address.
The voting process is straightforward. Validators signal their intent in the governance forum by December 21 at 04:00 UTC. Users can then stake their HYPE to a validator that aligns with their view by December 24 at 04:00 UTC. The final result is based on a stake-weighted consensus as of December 24 at 04:00 UTC, giving the community a clear mechanism to influence the decision.
A real-world comparison can be seen in Ethereum’s own history. Ethereum burned over 2 million ETH through the EIP-1559 mechanism, permanently reducing supply while signaling commitment to scarcity. In both cases, the burn creates certainty for holders and underscores transparent protocol governance.
Hyperliquid announced that, following community demand, it has listed FOGO-USD hyperps. Traders can now take long or short positions on the unlaunched Fogo token, using up to 3x leverage.
This move allows the community to speculate on Fogo’s price before its official launch, offering opportunities for both bullish and bearish strategies in a controlled trading environment.
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Hyper Foundation proposes a validator vote to formally treat Assistance Fund HYPE as burned, permanently removing it from circulating and total supply. Tokens are sent to a system address with no private key: 0xfefefefefefefefefefefefefefefefefefefefe. That address currently Show more
The Hyper Foundation is proposing a validator vote to formally recognize the Assistance Fund HYPE as burned, removing the tokens permanently from the circulating and total supply. For context, the Assistance Fund converts trading fees to HYPE in a fully automated manner as part
The Hyper Foundation is proposing a validator vote to formally recognize the Assistance Fund HYPE as burned, removing the tokens permanently from the circulating and total supply. For context, the Assistance Fund converts trading fees to HYPE in a fully automated manner as part Show more
By community request, Hyperliquid has listed FOGO-USD hyperps. You can now long or short the unlaunched Fogo token with up to 3x leverage.
