A proposal by Jon Charbonneau and Hasu suggests significant changes to Hyperliquid's economic model, particularly the removal of a max supply cap on the HYPE token. This move would revoke unminted HYPE allocated for Future Emissions & Community Rewards and burn HYPE held in the Assistance Fund. Removing the hard cap could potentially boost valuation visibility for new investors, as excess supply currently penalizes market sentiment. The authors argue that such constraints impede growth opportunities, drawing parallels to traditional companies that cannot issue new shares to facilitate acquisitions. Though the proposal is not yet formally submitted, it underscores a broader shift away from hard caps in the crypto industry. Without fixed supply limits, projects can pursue value-accretive initiatives freely, thereby improving their operational flexibility and simplifying valuation models for investors. This evolving perspective may reshape how new projects approach token supply structures.

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