Hyper Foundation seeks validator approval to permanently burn Assistance Fund HYPE

The Hyper Foundation has unveiled a strategic governance proposal today, December 17.

According to the X post, the team is seeking validator approval to recognize Assistance Fund HYPE as permanently burned.

While the assets in question have long been inaccessible, the Hyper Foundation trusts that voting is essential to alleviate possible uncertainties and align supply metrics with tokenomics.

The move would reduce selling pressure by removing tokens from circulation and the total supply.

Notably, the proposal doesn’t seek to change anything, but it aims to form a binding social consensus across the ecosystem.

The foundation asks validators to publicly accept treating the assets as permanently removed, with no plans to unlock them.

The announcement highlighted:

By voting ‘Yes,’ validators agree to treat the Assistance Fund HYPE as burned. No on-chain action is required, as the tokens are already in a system address with no private key. This vote is a binding social consensus to never authorize a protocol upgrade to access this address.