HIP-5: Staker Governed Assistance Fund (AF-2)
This HIP proposes allocating up to 5% of protocol trading fees to a new Assistance Fund (AF-2) governed directly by HYPE stakers.
AF-2 extends the current buyback model (AF-1) by introducing real-time, on-chain voting that allows stakers to direct part of the fees toward Strict List tokens (e.g., HYPE, PURR, HFUN).
This mechanism supports ecosystem growth while maintaining HYPE’s deflationary structure and attracts new builders.
The proposal includes a detailed empirical simulation analyzing market impact, liquidity effects, and risk mitigation measures such as LSD governance safeguards and TWAP execution design.
Co-authors: @Ericonomic (Supercexy), @CalebAndersDev (Flowdesk), @CFrugho, @0xHakai_ (Three Sigma), @FSobrini (Chorus One) and @HansonBirringer (FlowDesk).
This post is also available in the Governance section of the Hyperliquid Discord channel.
The full research version is available here:
https://t.co/reSBcUDQ9f
Feedback, questions and governance discussion are welcome.
Liminal welcomes the Hypurr holders to the (h)edge.
Holding a Hypurr NFT now unlocks Hyperks:
• 50% off performance fees on current product
• Highest referral tier with 30% commission
Hypurrs, the (h)edge is yours.
Hypurr NFTs have been deployed on the HyperEVM.
Participants had the opportunity to opt in to receive a Hypurr NFT after the HyperEVM went live as part of the Genesis Event in November 2024. The HyperEVM launched in February 2025 as the general programmability interface to the Hyperliquid L1. The HyperEVM is not a standalone EVM. Rather, it allows developers to trustlessly tap into the liquidity on HyperCore. Read precompiles allow smart contracts on the HyperEVM to read L1 state, and the CoreWriter contract allows HyperEVM smart contracts to send actions on HyperCore. This two-way communication between Core and EVM secured by the same HyperBFT consensus protocol unlocks powerful new primitives. Many novel applications have been built on the HyperEVM exploring these possibilities, including LSTs, lending, and vault tokenization protocols.
The goal of the Hypurr NFT collection was to share a memento with those who believed in and contributed early on to Hyperliquid’s growth. Each NFT is unique and captures the different moods, hobbies, tastes, and quirks of the Hyperliquid community, as depicted by Hypurr.
There are a total of 4,600 NFTs in the collection. 4,313 NFTs went to Genesis Event participants, 144 went to the Hyper Foundation, and 143 went to core contributors, including Hyperliquid Labs, NFT artists, and other contributors.
Ownership and use of Hypurr NFTs are subject to the Hypurr NFT Terms and License available here: https://t.co/6oHgPdf7G9. Participants who opted in to receive a Hypurr NFT as part of the Genesis Event were screened according to the Foundation's risk-based program. In addition, clustering analysis was conducted to protect against sybil behavior and cap the total number of NFTs received by any given user.
Contract address: 0x9125E2d6827a00B0F8330D6ef7BEF07730Bac685.
To be clear: No action is required. You do not need to mint. The NFT collection has already been distributed. As always, beware of scams and impersonations.