Hyperliquid has added a deployer-controlled scaleWei function to its HIP-1 token standard, enabling stock splits, redenomination, and proportional balance adjustments in a single atomic transaction on its layer 1 blockchain. This feature, inspired by traditional finance mechanisms like stock splits, dividends, and proportional distributions, requires no migration contracts or user action. Access to scaleWei is restricted to system addresses and signed vaults, meaning only the original deployer or an authorized vault structure can trigger the scaling. This development strengthens Hyperliquid’s positioning in the tokenized real-world assets space, with no significant price movement observed following the announcement.
Source: Read the original article
