PANews
PANews|Sep 11, 2025 10:25
[Hyper Foundation: Voting for the issuance rights of the stablecoin USDH will begin on September 14, conducted on-chain and based on staking] The Hyper Foundation announced that over the past week, the community has engaged in discussions surrounding proposals from various teams regarding Hyperliquid's native stablecoin USDH. Voting will begin at 18:00 Beijing Time on September 14, and stakers must stake with the validator matching their voting preference before this time. To change the validator you are staking with, you need to follow a two-step process: 1) Unstake from the original validator; 2) Stake with a new validator that aligns with your voting intention. After staking with the new validator, you must wait for a 1-day cooling period before you can unstake from that validator. Important Note: Do not transfer HYPE from your staking balance to your spot balance, as this action will remove HYPE from your staking balance, making you ineligible to participate in the vote. Voting will be conducted entirely on-chain through transactions on the Hyperliquid blockchain, with votes counted based on staking amounts. Once the quorum (2/3) is reached, the designated address will be able to bid for shares in the spot gas auction deployment. It is important to note that the foundation's validator will exercise abstention votes based on the team with the highest non-foundation votes (weighted by staking amounts as of September 14) according to the validator commitments made on September 11.
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