Hyperliquid Governance Vote Could Cut HYPE Supply 45%: Decision Looms

TLDR: Hyperliquid proposal seeks to burn 452M+ HYPE from treasury and revoke future reward authorization. Max supply cap of 1B HYPE would be removed, allowing governance to approve new issuance later. Authors argue pre-allocated supply distorts valuation metrics and turns away potential investors. Proposal does not dilute holders and could lead to better token price [...]

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