Hyper Foundation Allocates $10M Grants for USDH Exit Migration
2026-06-28 23:27

Woofun AI reports that the Hyper Foundation has committed approximately $10 million in grants to assist developers impacted by the USDH exit. These funds are designated to cover migration expenses and facilitate ecosystem transition for HIP-1 spot deployers, HIP-3 perpetual contract deployers, HyperEVM protocols, USDH to USDC bridges, and Native Markets. Grant calculations for HIP-1 and HIP-3 rely on auction deployment costs, while HyperEVM allocations depend on USDH TVL impact magnitude. Recipients must finalize migration or business wind-down procedures by the end of July, with wind-down grants offering lower amounts than migration support.

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Tags:
USDH
USDC
Hyper Foundation
Hyperliquid
HIP-1
HIP-3
HyperEVM
Native Markets
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