Tax Reports
LHYPE is a value-accruing token based on the tax-friendly cToken model.
loopedHYPE’s Protocol Conversion Rate, the internal rate that governs how LHYPE is valued compared to HYPE at minting and redemption, programmatically changes over time to accurately represent the value of staked HYPE and accumulated rewards.
loopedHYPE's Protocol Conversion Rate, set automatically at the protocol level, operates independently from any market trading rates of LHYPE. Tax & Accounting Reports can be requested at info@loopedhype.com for any staked amounts of $1m+
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