Decentralized crypto derivatives exchange (DEX) Hyperliquid has proposed a governance vote that could formally remove roughly $1 billion worth of HYPE tokens from circulation. This announcement, made on Dec. 17, came weeks after the token suffered a sharp price crash that rattled traders. Related: Kintsu Launches sHYPE on Hyperliquid What is Hyperliquid? Hyperliquid operates as a decentralized perpetual futures exchange, or perps DEX, allowing traders to go long or short crypto assets with leverage. U ...