Top Posts Tagged with #hyper foundation

Hyper Foundation allocates $10m in grants to support USDH migration

Hyper Foundation will provide about $10m in grants to help Hyperliquid builders migrate from USDH to USDC or shut down by July this year.

➤ Hyper Foundation is allocating $10 million in grants to support builders migrating away from USDH to USDC or shutting down USDH-related services by July. ➤ The grants aim to cover migration and wind-down costs, with eligible recipients including HIP-1, HIP-3 protocols, HyperEVM protocols, bridges, and Native Markets. ➤ This move signifies Hyperliquid's strategic shift towards prioritizing USDC for deeper liquidity and a simplified ecosystem, moving away from its initial goal of reducing reliance on external stablecoin issuers.

#usd-h #usdc #hyper foundation #hyperliquid #grants #migration #builders #liquidity #stablecoin

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Hyper Foundation Launches $10M Grant Program to Support USDH Migration

TLDR: Hyper Foundation committed about $10 million to support USDH migration across affected ecosystem projects. Eligible builders must complete migration or orderly shutdown activities before the end of July deadline. USDH holders can swap tokens for USDC through supported Hyper...

➤ Hyper Foundation has launched a $10 million grant program to support projects migrating away from the USDH stablecoin. ➤ Eligible projects must complete migration or orderly shutdown activities by the end of July, with grants covering deployment costs or affected value locked. ➤ USDH holders can swap their tokens for USDC through supported pathways, including HyperCore and HyperEVM.

#usdH migration #hyper foundation #grant program #stablecoin sunset #USDC swap #ecosystem transition #blockchain migration #tokenized assets