Wu said that Hyper Foundation posted on Twitter that the HYPE in the Assistance Fund system address has been officially deemed as burned. The governance vote used a staking weight voting system, with results showing 85% support for burning, 7% oppose, and 8% abstain. Previously, Hyper Foundation proposed that validators vote to officially confirm that the HYPE in the Assistance Fund has been burned, permanently removing the related tokens from circulation and total supply.
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Wu said that Hyper Foundation posted on Twitter that the HYPE in the Assistance Fund system address has been officially deemed as burned. The governance vote used a staking weight voting system, with results showing 85% support for burning, 7% oppose, and 8% abstain. Previously, Hyper Foundation proposed that validators vote to officially confirm that the HYPE in the Assistance Fund has been burned, permanently removing the related tokens from circulation and total supply.