Hyperliquid to Add HIP-1 scaleWei Function With Potential Tokenized Stock Uses

Hyperliquid plans to expand HIP-1 with functionality that allows token denominations to be changed and assets to be allocated to holders based on their ownership of another token, founder Jeff said.

The proposed scaleWei function would be controlled by the deployer and would execute proportional distributions atomically using a designated reference token to determine allocations.

The mechanism would also permit upward or downward balance adjustments when the asset being modified is the reference token itself. Any open orders affected by such a change would be canceled and recreated using the revised scale. 

The design could potentially accommodate corporate actions for tokenized equities, such as stock and reverse stock splits, as well as proportional dividend and spin-off distributions.

Source: Wu Blockchain