#Hyperliquid establishes relief fund#

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Overview

Hyperliquid has established a relief fund aimed at protecting on-chain value and supporting the Hyperliquid community by holding and supporting various native assets. The fund will initially hold 3 million PURR tokens, representing approximately 0.5% of its total supply. In the future, the fund will incorporate more assets through governance decisions and purchase more PURR over time, ultimately holding 0.5% of its total supply. The establishment of this fund is intended to provide liquidity support for the Hyperliquid ecosystem and foster the healthy development of the community.

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Analysis

Hyperliquid has established a relief fund aimed at supporting its community and maintaining on-chain value security through holding multiple native assets. The fund will prioritize fair initial allocation, decentralized ownership, Hyperliquid-first native deployment, and positive impact on the Hyperliquid community. The first asset included in the fund is PURR, with the fund holding 3 million PURR, approximately 0.5% of its total supply. The fund will purchase more PURR over time and incorporate other assets through future governance decisions. This move aims to provide liquidity support for the Hyperliquid ecosystem and ensure the long-term health of its community.

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The Hyperliquid Relief Fund aims to support the Hyperliquid community and protect on-chain value by holding native assets.

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The Relief Fund will prioritize assets that demonstrate fair distribution, decentralized ownership, Hyperliquid priority deployment, and positive impact on the community.

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PURR is the first asset to be included in the Relief Fund, with an initial holding of 3 million tokens, representing approximately 0.5% of the total supply.

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Future assets will be included through governance decisions, and the holding of PURR will be gradually increased over time.

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