Hyperliquid to Add HIP-1 scaleWei Function, Potentially Supporting Corporate Actions for Tokenized Stocks Hyperliquid founder Jeff said HIP-1 will add a deployer-controlled scaleWei function that can atomically distribute tokens in proportion to users’ holdings of a reference…
ken and support token redenominations. When the distributed token is also the reference token, balances can be adjusted in either direction, with open orders canceled and replaced at the new scale
Based on its design, the function could potentially be used for corporate actions involving tokenized stocks, including stock splits, reverse splits, proportional dividend distributions and spin-off distributions. — link