RE: LeoThread 2025-09-11 19:20

[clsamg]

Here's a guide for modifying which validator you stake with. It has been mentioned previously that some key information deserves attention.

Comments

[clsamg]

Interestingly, a Paxos victory would benefit certain parties, making them neutral to the results. It's a reminder that the financial world can be a bit dubious.

[clsamg]

Over the past week, the community engaged with teams’ proposals for the USDH ticker for a Hyperliquid-first, Hyperliquid-aligned, compliant, and natively minted USD stablecoin. While USDH is no more than a reserved ticker at the protocol level, it has come to represent a community rallying around a common cause and a successful experiment in decentralized governance. Thoughtful dialogue, proposal iteration based on user feedback, and community stewardship are values that will continue to drive Hyperliquid forward.

[clsamg]

Regardless of the vote’s result, it will be exciting to see many of these proposals go live and contribute to growing the Hyperliquid ecosystem. Thank you to all participants who dedicated their precious time to be a part of this governance process.

[clsamg]

Each validator has stated their intended vote and reasoning in the Discord governance forum. Voting will begin on September 14 at 10:00 UTC, and stakers have until then to stake to a validator who matches their vote.

[clsamg]

To switch validators, there are two steps: First, unstake from the current validator. Second, stake with a new validator aligned with your vote. Be aware of a 1-day cooldown after staking to a new validator before you can unstake again.

[clsamg]

Important: Avoid moving HYPE from the staking balance to the spot balance, as this prevents participation in the vote.

[clsamg]

Votes occur on-chain through a Hyperliquid blockchain transaction and are stake-based. Once a quorum of 2/3 is reached, bids can be made in the gas auction for the ticker.

[clsamg]

Additionally, Foundation validators will abstain, aligning their votes with those that have the most non-Foundation support as of commitments on September 11, weighed by stake on September 14.