Hyper Foundation allocates approximately 10 million USD to support USDH exit migration, covering HIP-1/3 and HyperEVM ecosystem projects

CoinFeed June 28 news, Hyper Foundation announced that it will provide about 10 million USD grants to developers affected by the USDH exit, covering migration costs and supporting an orderly ecosystem transition. This round of funds will be allocated to affected HIP-1 spot deployers, HIP-3 perpetual contract deployers, HyperEVM protocols, USDH:USDC cross-chain bridges, and Native Markets and other ecosystem participants. Among them, migration subsidies are for teams migrating USDH-related markets or deployments to USDC; exit subsidies are for projects choosing to terminate USDH-related business, with the amount lower than equivalent migration plans, to encourage a smooth ecosystem closure. HIP-1 and HIP-3 subsidies are calculated based on auction deployment costs, while HyperEVM subsidies are assessed based on the scale of USDH TVL impact.