Looped HYPE
  • loopedHYPE Overview
  • How LHYPE works
  • Vision & Purpose
  • Why Hyperliquid?
  • Getting Started
    • How to Deposit
    • Early Adopter Program
    • Tax Reports
  • Technical Architecture
    • AutoLoop™
    • LoopDrops™
    • Vault Infrastructure
  • Security & Risk Management
    • Security & Risk Framework
    • Deposit Flows
    • Audit Reports
  • Ecosystem
    • HyperCatalyst™ Initiative
    • Strategic Partnerships
  • Community Ownership
    • Hyper Looping Collective
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  1. Getting Started

How to Deposit

PreviousWhy Hyperliquid?NextEarly Adopter Program

Last updated 6 days ago

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LHYPE tokens are minted upon deposit and burned when redeemed.

During Phase 1, loopedHYPE only accepts HYPE deposits. In future phases, stHYPE, kHYPE, and USDC will also be accepted as collateral.

Deposited assets are staked and deployed into "AutoLoop", loopedHYPE's automated looping strategy.

LHYPE can be minted at https://www.stakingrewards.com/stake-app?input=hyperliquid

Currently, LHYPE is only available on the HyperEVM testnet.

Mainnet deposits into loopedHYPE will not be enabled until the launch of HyperEVM.