Hyperliquid has proposed a governance measure to exclude 37 million HYPE tokens, valued at approximately $1 billion, from its circulating supply. These tokens, held in an assistance fund generated by trading fees, are stored in an address without a private key, effectively rendering them permanently locked. The proposal seeks to enhance transparency by aligning the protocol's economic reporting with its actual state. While the fund is automatically replenished with HYPE from trading fees, the proposal does not necessitate any on-chain action but aims to update the interpretation of the protocol's metrics.