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$HYPE Validators Vote on $1B Fund Status
The Hyper Foundation has proposed a validator vote to recognize $HYPE tokens in the protocol's Assistance Fund as permanently inaccessible. The governance measure excludes approximately $1 billion worth of #tokens from circulating and total supply calculations.
The Assistance Fund operates as a protocol-level mechanism embedded in Hyperliquid's #layer-1 execution layer. Trading fees automatically convert to $HYPE tokens and route to a designated system address without control mechanisms for withdrawal.
Validators who approve the measure agree to treat Assistance Fund holdings as burned tokens. The system address was designed without retrieval functionality, making funds irretrievable without a hard fork.
Native Markets, which issues the 
$USDH #stablecoin on Hyperliquid, explained that 50% of reserve yield flows to the Assistance Fund. Those contributions convert to $HYPE and would receive formal recognition as burned if the vote passes.
