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"content": "### Overview of Hyperliquid HyperEVM\n\n**Hyperliquid HyperEVM** is an innovative integration of the Ethereum Virtual Machine (EVM) into Hyperliquid's Layer 1 blockchain, announced on February 18, 2025. \n\n#### Key Features and Highlights:\n1. **EVM Integration**: HyperEVM allows for enhanced programmability and performance for Ethereum-compatible smart contracts within the Hyperliquid ecosystem.\n2. **Spot Transfers**: The initial release supports spot transfers between native HYPE and HyperEVM HYPE.\n3. **DeFi Enhancement**: The HyperEVM includes elements such as a canonical WHYPE system contract to support decentralized financial applications.\n4. **Security and Consensus**: It maintains robust security through HyperBFT consensus, ensuring reliable operation within the network.\n5. **Performance Improvements**: The integration aims to provide high transaction capacity and low fees, leveraging Hyperliquid's highly optimized trading infrastructure.\n\n#### Additional Developments:\n- **Bug Bounty Program**: To enhance security, a bug bounty program was launched offering substantial rewards for identifying vulnerabilities in the system.\n- **Future Upgrades**: Plans include enabling ERC-20 native transfers and additional precompiles to expand functionality.\n\nThis new integration positions Hyperliquid as a comprehensive DeFi ecosystem, aiming to leverage the strengths of EVM with the robust infrastructure of its native blockchain."
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"status": "Completed",
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