Hasu: Joint Proposal to Reduce HYPE Total Supply by 45%, Project Will Therefore Suffer Dilution from Undistributed Tokens

BlockBeats News, September 23rd, Flashbots Strategic Director and Lido Strategic Advisor Hasu published a post, co-authored with DBA co-founder Jon, proposing to reduce the total supply of HYPE by 45%.

Hasu stated that in traditional finance, it is well understood that these tokens do not belong to the circulating supply and do not contribute to the market cap. However, in cryptocurrency, projects are penalized for holding such unissued tokens in the supply as it artificially inflates the market cap figure that investors pay attention to.

In a previous announcement, crypto investment firm DBA co-founder proposed to reduce the total supply of HYPE by 45% and remove the 1 billion supply cap of HYPE.