{"id":499484,"date":"2025-09-23T13:49:42","date_gmt":"2025-09-23T12:49:42","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=499484"},"modified":"2025-10-21T17:23:23","modified_gmt":"2025-10-21T16:23:23","slug":"hyperliquid-considers-bold-tokenomics-to-stabilize-hype-token","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/hyperliquid-considers-bold-tokenomics-to-stabilize-hype-token\/","title":{"rendered":"Hyperliquid plan to cut HYPE supply in half amid $12 billion unlock panic"},"content":{"rendered":"

Decentralized exchange platform Hyperliquid<\/a> is weighing a sweeping proposal that could reshape its tokenomics.<\/p>\n

The plan<\/a>, introduced on Sept. 22 by DBA investment manager Jon Charbonneau and pseudonymous researcher Hasu, calls for a 45% reduction in the total supply of HYPE.<\/p>\n

Charbonneau and Hasu argue that Hyperliquid\u2019s current setup distorts valuation metrics, leaving the protocol at a disadvantage compared to peers.<\/p>\n

They say that by cleaning up the balance sheet, the market can better assess Hyperliquid\u2019s fundamentals and investors can make more informed decisions.<\/p>\n

They stated:<\/p>\n

“Given HYPE\u2019s current supply dynamics, it\u2019s one of the most unfairly penalized tokens on the market today.”<\/p><\/blockquote>\n

This proposal comes at an interesting time when fears of an impending $12 billion HYPE token unlock<\/a> have sparked concerns within the crypto community.<\/p>\n

Considering this, the proposal outlined several key changes to Hyperliquid's HYPE token supply to reduce those concerns and stabilize its market standing.<\/p>\n

Burning excess HYPE's supply<\/h2>\n

At the heart of the proposal is a recommendation to revoke and burn more than 450 million tokens originally earmarked for the Future Emissions and Community Rewards (FECR) fund and the Assistance Fund (AF).<\/p>\n

According to Charbonneau and Hasu, this excess authorized supply, including the 421 million HYPE for the reward program and 31 million for the assistance fund, has led the market to penalize the token unfairly.<\/p>\n

They argue that these large reserves create downward pressure by skewing expectations of future distribution.<\/p>\n

According to them:<\/p>\n

“Hyperliquid currently has a large amount of authorized non-outstanding supply…This is problematic because the market penalizes this excess supply in valuing the protocol.”<\/p><\/blockquote>\n

By eliminating these allocations, the authors contend that Hyperliquid can clean its balance sheet and allow capital to flow more efficiently without the overhang of unused tokens.<\/p>\n

Removing the supply cap<\/h2>\n

The proposal also made a controversial call to scrap Hyperliquid\u2019s fixed cap of one billion HYPE tokens.<\/p>\n

According to the authors, HYPE's hard cap is a cultural holdover from Bitcoin\u2019s 21 million coin limit, which rests on a unique and immutable social contract.<\/p>\n

They argue that, unlike Bitcoin<\/a>, many leading blockchains, such as Ethereum<\/a> and Solana<\/a>, adjust their issuance policies without fixed caps, relying instead on community consensus. From this perspective, Hyperliquid\u2019s supply ceiling may be more restrictive than beneficial.<\/p>\n

The authors stated:<\/p>\n

“If many years down the road the FECR had been exhausted, but there were value accretive opportunities requiring additional HYPE issuance, the community would very likely all be in favor of this. There\u2019s no religious tie to an arbitrary supply cap here.”\u00a0<\/span><\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"

Decentralized exchange platform Hyperliquid is weighing a sweeping proposal that could reshape its tokenomics. The plan, introduced on Sept. 22 by DBA investment manager Jon Charbonneau and pseudonymous researcher Hasu, calls for a 45% reduction in the total supply of HYPE. Charbonneau and Hasu argue that Hyperliquid\u2019s current setup distorts valuation metrics, leaving the protocol […]<\/p>\n","protected":false},"author":720,"featured_media":499507,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,60840,77472,77968,76736],"tags":[80118,79930],"post_folder":[],"acf":[],"yoast_head":"\nHyperliquid considers bold tokenomics to stabilize HYPE token<\/title>\n<meta name=\"description\" content=\"Hyperliquid proposes reducing the HYPE token supply and removing the asset's hard cap to stabilize the market.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/hyperliquid-considers-bold-tokenomics-to-stabilize-hype-token\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta 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