According to the project’s official Discord, after the next network upgrade the ticker USDH, already reserved by the protocol, will become available for purchase through validator voting. Users who want to deploy a stablecoin under this ticker will need to submit an application in advance with a deployment address via the new No Access forum.
Voting will take place on-chain at the Hyperliquid L1 level, similar to the mechanism used for delisting votes.
Applications will be validated on a competitive basis. Given the high demand for the USDH ticker, validators will select the team they believe is best suited to issue a stablecoin that meets the Hyperliquid-first and Hyperliquid-aligned standards.
The winning team will be required to complete the standard procedure of participating in a gas-deploy auction for spot assets.
As part of the same update, the network plans to reduce fees for spot trading pairs between two quoted assets. The taker fee will be reduced by 80%, and discounts for makers as well as user volume tracking will also be introduced.
In the future, the project plans to fully open registration of new quoted assets without permissions. The transition to a permissionless model will start on the testnet, while staking requirements and penalty conditions for violations will be implemented. More details are promised later.
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This post is for informational purposes only and is not advertising or investment advice. Please do your own research before making any decisions.