Hyperliquid Assistance Fund Converts Fees Into HYPE Burns

Hyperliquid’s Assistance Fund converts protocol fees into Hyperliquid (HYPE), then burns the tokens, linking fee activity to a reduction in the token’s supply.

The mechanism is part of Hyperliquid’s token supply process. A burn permanently removes tokens from supply.

Earlier coverage of Hyperliquid’s HYPE buyback and burn activity detailed the fund’s cumulative token removals.