TechFlow, December 17 — Hyper Foundation has formally proposed a validator vote to confirm that HYPE tokens held in the Assistance Fund are considered burned, permanently removing these tokens from circulation and total supply. The Assistance Fund, part of L1 execution, automatically converts transaction fees into HYPE through the system address 0xfefefefefefefefefefefefefefefefefefefefe. This address, similar to a zero address, has never had a private key, making its funds irretrievable without a hard fork.
A "Yes" vote means validators agree to treat HYPE in the Assistance Fund as burned and commit to never authorizing any protocol upgrades that could access this address. Voting will take place on the governance forum before December 21 at 04:00 UTC. Users can stake in support of validators aligned with their position until December 24 at 04:00 UTC. The final outcome will be determined by stake-weighted consensus as of that time.
