The Hyper Foundation has allocated approximately US$10 million to support USDH's exit and migration to cover HIP-1, 3 and HyperEVM ecosystem projects

The Hyper Foundation announced that it will provide approximately $10 million in grants to developers affected by the USDH exit to cover migration costs and support an ecological orderly transition. This round of funds will be distributed to affected ecological participants such as HIP-1 spot deployers, HIP-3 perpetual contract deployers, HyperEVM protocol, USDH:USDC Cross-Chain Bridge, and NativeMarkets. Among them, migration subsidies are for teams that migrate USDH-related markets or deployments to USDC; retirement subsidies are for projects that choose to terminate USDH-related businesses, and the amount is lower than the same migration plan to encourage a smooth ecological closure. The HIP-1 and HIP-3 subsidies are based on auction deployment costs, while the HyperEVM subsidy is evaluated based on the scale of impact on USDHTVL. All recipients need to complete the relocation or business closure by the end of July. On the user side, USDH holders need to operate in accordance with the guidelines of each agreement, and can complete the exchange to USDC through the spot market or HyperEVM path. Officials have provided free fee or spot trading channels to support asset conversion. The Hyper Foundation also stated that the USDH migration is progressing smoothly thanks to the active cooperation of developers and the community, and expressed its gratitude to the relevant builders.