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Looped Hype LHYPE
LHYPE
17.10
$
4.18 %
Change 24h
Market Cap
$ 19,044,840
Volume 24h
$ 4,551,031
Circulating Supply
1,113,557
Total Supply
354,670
LHYPE
$
Description
loopedHYPE (LHYPE) is an automated looping protocol that maximizes yield on staked HYPE.
Users deposit HYPE to get LHYPE, then behind the scenes the protocol uses an automated looping strategy to generate additional yield, on top of any network rewards earned from staking.
loopedHYPE aims to democratize institutional-grade yield strategies while strengthening the Hyperliquid ecosystem through three core pillars:
Democratizing Institutional DeFi
- Providing professional-grade yield strategies to all users
Community-Centric Architecture
- LHYPE is backed by a governance token, 90% of which is distributed to depositors and ecosystem players.
HyperCatalyst
- An initiative to reinvest 1% of TVL back into Hyperliquid native projects.