The Hyper Foundation is established to support the Hyperliquid blockchain. It is launching its native token HYPE, which facilitates the introduction of proof-of-stake consensus and the Ethereum virtual machine on the blockchain's mainnet.
Development and Goals of the Hyper Foundation
The creation of the Hyper Foundation focuses on supporting the Hyperliquid blockchain. It is conducting the genesis distribution of the HYPE token, marking the first step toward proof-of-stake consensus and further technology developments.
Plans for HyperEVM Launch
The introduction of HyperEVM will provide users with access to deeper liquidity and additional instruments. From Hyper's statement: "Hyperliquid’s order books already provide the deepest and most robust on-chain liquidity for a wide spectrum of assets. [...] A native token is essential for the HyperBFT [Byzantine fault tolerance] proof-of-stake consensus, the HyperEVM, and further developments on the roadmap."
Innovation and Insight of Hyperliquid
Hyperliquid, founded by Jeff Yan, combines the convenience of centralized trading with the trustlessness of decentralized finance. Yan mentioned: "You’d like something that’s centralized that you’d rather not have to trust. [...] There is this thing, Hyperliquid. […] Fundamentally nothing is barring the same liquidity, tight spreads, instant confirmations, epsilon gas, all within the chain itself."
The Hyper Foundation works actively to enhance the Hyperliquid ecosystem through the launch of HYPE token and HyperEVM, promising deeper liquidity and improved trading capabilities.
