Looped Hype LHYPE Price

Looped Hype ($LHYPE) is a Liquid Looping Token (LLT) on the Hyperliquid blockchain, a Layer-1 platform optimized for decentralized perpetual futures trading. Launched in March 2025, $LHYPE is designed to maximize yields for holders of Hyperliquid’s native token, HYPE, by automating sophisticated staking strategies typically reserved for institutional investors. Users deposit HYPE into the Looped Hype protocol, receiving $LHYPE as a receipt token that represents their staked position plus accrued rewards from both network staking and an automated looping mechanism. 

This looping strategy involves leveraging staked HYPE (stHYPE) with dynamic leverage ratios, ranging from 3x to 15x, adjusted in real-time based on staking APYs and borrowing costs within Hyperliquid’s ecosystem. This approach generates enhanced yields, targeting approximately 10% APY, compared to the baseline 2.3% for vanilla HYPE staking. The protocol’s three core pillars—Democratizing Institutional DeFi, Community-Centric Architecture, and HyperCatalyst—drive its mission. The first pillar makes professional-grade yield strategies accessible to all users, not just seasoned traders. The second ensures community ownership, with 90% of governance tokens distributed to depositors and ecosystem participants, fostering decentralized decision-making. 

The HyperCatalyst initiative reinvests 1% of total value locked (TVL) into Hyperliquid-native projects, strengthening the broader ecosystem. $LHYPE holders also benefit from “LoopDrops,” a mechanism that redistributes airdrop allocations from partner protocols, such as Hyperlend, back to the community. With a total supply of roughly 1.1 million tokens, $LHYPE integrates seamlessly with Hyperliquid’s zero-gas-fee environment and HyperBFT consensus, ensuring secure, transparent transactions. 

Recent integrations, like delta-neutral positions with Perpflow and isolated markets with USDXL, further amplify its utility, offering funding fees and leveraged staking in one click. Traded on exchanges like MEXC and Bybit, $LHYPE appeals to DeFi enthusiasts seeking high-yield, low-maintenance strategies while contributing to Hyperliquid’s growth as a cutting-edge financial platform.

What is unique about Looped Hype (LHYPE)?

$LHYPE maximizes HYPE staking yields through an automated looping strategy, offering ~10% APY with dynamic leverage, community governance, and LoopDrops for airdrop redistribution, democratizing institutional DeFi on Hyperliquid.

Who are the founders of Looped Hype (LHYPE)?

The founders of Looped Hype are anonymous, developed under the Looped Hype protocol team with no specific individuals publicly named.

Who are the backers/investors of Looped Hype (LHYPE)?

The backers of Looped Hype are not explicitly disclosed, with the project relying on community-driven support within the Hyperliquid ecosystem and no named institutional investors.