HIP-003: Sunset

Summary

Thruster has announced it will be shutting down, with emissions ending June 19 and final redemption for THRUST and hyperTHRUST holders on July 8, 2025. As Hyperlock is fully dependent on Thruster infrastructure, this proposal outlines the process for sunsetting Hyperlock.

Details

Thruster, the foundational protocol on which Hyperlock operates, is shutting down. Their final emissions and protocol fee distributions will occur on June 19, 2025, with a snapshot on June 30 and redemptions on July 8.

Given this development, Hyperlock can no longer operate and must also be sunset.

Thruster have decided that all holders of hyperTHRUST will be treated 1:1 with THRUST in the redemption process. This means hyperTHRUST balances will receive equivalent redemption value as THRUST. Full details can be found in Thruster’s announcement.

Treasury and Repayment

As of today, the Hyperlock treasury holds 34.6301 ETH (~$95,000).

AIP-65 allocated $200,000 to fund the Hyperlock franchise, with repayment expected “upon launch of the Hyperlock protocol or as soon as is feasible.” Given Thruster’s shutdown, full repayment is not possible. However, we propose to return all remaining treasury assets to the AURA treasury.

Closing Statement

While we’re sad to bring Hyperlock to a close, we remain proud of the work and grateful for the community’s support. We hope these actions ensure an orderly and fair wind-down, and that the spirit of experimentation continues to thrive within the AURA ecosystem.