LoopDrops™

Automatically qualify for airdrops from protocols across the HyperEVM.

Overview

LoopDrops is a feature of loopedHYPE that automatically farms and distributes airdrops to LHYPE holders. By leveraging the protocol's underlying DeFi activities across the HyperEVM ecosystem, LHYPE holders benefit from multiple airdrops without having to actively manage positions themselves.

How It Works

When HYPE tokens are deposited to loopedHYPE, they are first liquid staked, then subsequently used in AutoLoop, the protocols automated looping strategy. Points from partner protocols accrue to the LHYPE contract address from underlying DeFi activities such as:

1. Staking via Liquid Staking Protocols (stHYPE)

2. Looping via Lending Protocols ( Hyperlend & Hypurrfi)

3. Swaps via DEXs

100% of airdrops allocations will be distributed to LHYPE holders, pro-rata.

Airdrops will be either:

1. Distributed directly back to LHYPE holders proportionate to their holdings

2. Added to the vault to increase the base APY for all LHYPE holders

Benefits

• Passive Earning: Receive airdrops without actively managing multiple positions

• Automated Claims: No need to pay gas fees or monitor claim periods

• Enhanced APY: Benefit from increased returns through strategic ecosystem participation

• Diversified Exposure: Gain access to multiple protocol airdrops through a single position

• Gas Efficiency: Save on transaction costs by pooling resources

How to Participate

Simply hold LHYPE tokens in your wallet. The amount of airdrops you receive will be proportional to your LHYPE holdings and duration of holding.

Frequently Asked Questions

Q: How often are airdrops distributed? A: Distribution will happen at the end of each phase for all airdrops accrued during this phase.

Q: How much am I gonna get? A: Distribution will be pro-rata based on your accrued loopedHYPE points.

Q: What advantages does LoopDrops offer compared to farming airdrops directly? LoopDrops offers gas savings, time efficiency, expert optimization of farming strategies, and access to airdrops that might require larger capital positions than an individual investor could manage.