Hyper Foundation Allocates $10 Million in Grants to Support USDH Migration Across HIP-1, HIP-3, and HyperEVM

According to ChainCatcher, Hyper Foundation announced approximately $10 million in grants on June 28 to support ecosystem projects affected by USDH's transition. Funds will be distributed to HIP-1 spot deployment teams, HIP-3 perpetual contract deployers, HyperEVM protocol, the USDH:USDC cross-chain bridge, and Native Markets participants.

The foundation is offering two grant types: migration assistance for teams transitioning USDH-related markets to USDC, and exit assistance for projects terminating USDH operations at a lower amount. Allocations for HIP-1 and HIP-3 are based on auction deployment costs, while HyperEVM support is assessed on affected USDH TVL. All recipients must complete migration or business wind-down by end of July.