Protocol Echo

Protocol fees in HYPE are paid to Protocol Echo, which splits the HYPE 70%, 20% and 10% across three buyers. Each buys SIGNAL on the open market: the SIGNAL bought with 70% of the HYPE is sent to the dead address (Burned), with 20% to the protocol reserve wallet (Reserve), with 10% to the loss-relief wallet (Relief). The protocol's own SIGNAL fees are sent to the dead address with no buying.