Hyperliquid Shifts USDH Vote: Team $HYPE Influence Reduced

Hyperliquid Adjusts USDH Vote for Pure Governance

Hyperliquid has revised the voting structure for its USDH stablecoin ticker, excluding team-staked $HYPE tokens from the weighting. This move significantly reduces the influence of Native Market, dropping their voting power from 75% to 66%. The goal is to establish a truly decentralized governance process for the stablecoin decision.

Key Takeaways

• Hyperliquid removed team-staked $HYPE tokens from USDH vote weighting, increasing community control.
• This governance change improves fairness and boosts the chances for Paxos to win the USDH ticker.

By removing team-controlled tokens from the equation, Hyperliquid aims to diminish insider influence and empower its community in selecting a stablecoin partner. This adjustment notably improves the prospects for Paxos, whose proposal includes allocating 95% of USDH reserve yield to $HYPE token buybacks.

The community will have more control over the vote with the team stake removed from the governance process. This might result in a more favorable outcome for Paxos.