Hyper Foundation is putting $10 million on the table to help developers and protocols navigate the death of USDH, the stablecoin that once served as the backbone of Hyperliquid’s trading ecosystem.
The grant program, announced on June 28, targets builders who built on top of USDH and now need to either migrate their projects to USDC or wind them down in an orderly fashion. The deadline: end of July 2026.
Who gets the money and what they need to do
The $10 million isn’t a general-purpose slush fund. It’s targeted at specific categories of ecosystem participants who are most directly affected by USDH going dark.
Eligible recipients include deployers under HIP-1 and HIP-3, which are Hyperliquid’s frameworks for listing and managing assets on the platform. HyperEVM protocols, USDH:USDC bridges, and Native Markets, the actual issuer of USDH, are also on the list.
