Hyper Foundation to Provide $10 Million in Grants to Developers Affected by USDH Exit

The Hyper Foundation said it will provide about $10 million in grant support to developers affected by the USDH exit to cover migration costs and support an ecosystem transition. According to Odaily, the funding will be allocated to impacted ecosystem participants, including HIP-1 spot deployment teams, HIP-3 perpetual contract deployment teams, HyperEVM protocols, the USDH and USDC cross-chain bridge, and Native Markets. The foundation said HIP-1 and HIP-3 subsidies will be calculated based on auction deployment costs, while HyperEVM subsidies will be assessed based on the scale of USDH total value locked affected. It added that all grant recipients must complete migrations or wind down related operations by the end of July. Migration grants will be available to teams moving USDH-related markets or deployments to USDC. Wind-down grants will be available to projects choosing to terminate USDH-related business, with amounts set below comparable migration plans.