Looped Hype (LHYPE)$16.55
-0.41% (24H)
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Looped Hype current price is $16.55 with a marketcap of $16.48 M. Its price is -0.41% down in last 24 hours.
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 usersCommunity-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.
