Hyper Foundation: Foundation validators will effectively abstain by voting for the team with the most non-foundation votes.

Jinse Finance reported that, according to an announcement by Hyper Foundation, over the past week, the community has participated in discussions regarding the USDH code proposal from the team. USDH is a USD stablecoin that is Hyperliquid-centric, aligned with Hyperliquid, compliant, and natively minted. Although at the protocol level, USDH is merely a reserved code, it has already become a symbol of the community united around a common goal and a successful experiment in decentralized governance. Thoughtful dialogue, proposal iterations based on user feedback, and community management—these values will continue to drive Hyperliquid forward. Regardless of the voting outcome, seeing many of these proposals implemented and contributing to the growth of the Hyperliquid ecosystem will be an exciting development. Thanks to all participants for dedicating their valuable time to this governance process. Each validator has stated their intended voting direction and reasons in the Discord governance forum. Voting will begin at 10:00 UTC on September 14, and stakers can delegate their stake to validators that align with their voting intentions before then. Changing your validator requires two steps: 1) Unstake from your current validator; 2) Delegate your stake to a new validator that matches your voting intention. There is a 1-day cooldown period before you can unstake from the new validator after delegating to them. Important note: Do not transfer HYPE from your staked balance to your spot balance—this will remove HYPE from your staked balance, and you will not be able to participate in voting. Voting is conducted entirely on-chain, through transactions on the Hyperliquid blockchain, and is based on staking. When quorum (2/3) is reached, the designated address will be able to bid for the code in the spot deployment gas auction. Please note, the foundation validator will effectively abstain by voting for the team with the most non-foundation votes, based on the commitments made by validators as of September 11 and weighted by staking power as of September 14.