DeFi product thinker | UX failures, edge cases & why users misclick
Oakland
Joined January 2018
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Patchbay retweeted
HYPE in the Assistance Fund system address of 0xfefefefefefefefefefefefefefefefefefefefe has been formally recognized as burned.
The governance vote was based on stake-weighted consensus, with 85% of stake voting for burning, 7% against, and 8% abstaining.
The Hyper Foundation is proposing a validator vote to formally recognize the Assistance Fund HYPE as burned, removing the tokens permanently from the circulating and total supply.
For context, the Assistance Fund converts trading fees to HYPE in a fully automated manner as part of the L1 execution. The Assistance Fund uses the system address 0xfefefefefefefefefefefefefefefefefefefefe. Similar to the zero address, the Assistance Fund system address has never had a private key with control over its funds. Funds are mathematically irretrievable without a hard fork.
By voting “Yes,” validators agree to treat the Assistance Fund HYPE as burned. No onchain action is required, as the tokens are already in a system address with no private key. This vote is binding social consensus to never authorize a protocol upgrade to access this address.
Voting process:
+ Validators should signal their intent in the governance forum by December 21 at 04:00 UTC (i.e., reply with Yes or No)
+ Users can stake to a validator who matches their view by December 24 at 04:00 UTC
+ The result will be based on stake-weighted consensus as of December 24 at 04:00 UTC
Patchbay retweeted
As a thank you to top traders and builders over the past year - if you see a button with a gift box emoji on the Portfolio page and would like to receive a physical package, please sign the message and follow-up in a Discord ticket.
Some users have multiple addresses that qualify; please only sign the message for one address. Shipping excludes restricted jurisdictions.
Patchbay retweeted
Happy Holidays!
Thank you to the community for your continued support as Hyperliquid builds toward housing all finance onchain.
Patchbay retweeted
We just released our @HyperliquidX Wrapped, covering what happened across the HyperCore and HyperEVM over the past year!
You can find it here:
wrapped.hyperscreener.asxn.x…
Patchbay retweeted
Coming to Arbitrum: Smoother Fees, Higher Throughput
The new ArbOS Dia upgrade will bring users, builders, and operators:
- More predictable gas prices on Arbitrum
- Improved mobile & enterprise-grade auth tools
- Ethereum Fusaka support
Here’s the rundown 👇
Patchbay retweeted
Swarm Foundation has published its Strategic Focus Framework for 2026, outlining how the project is approaching the year ahead in terms of direction and priorities.
Full post👇
blog.ethswarm.org/foundation…
