loopedHLP (coming soon)

What is LHLP?

looped HyperLiquidity Provider (LHLP), developed by Looping Collective, allows users to earn a higher yield on their WHLP by leveraging their position to increase exposure to HLP rewards. Initially valued at 1.00 USD per LHLP, its value appreciates over time through amplified WHLP yield generation. LHLP uses the underlying WHLP as collateral to borrow stablecoins (there is no dollar-denominated leverage), which are then deposited back into WHLP. Additional yield is earned from the delta between WHLP APY and Stablecoin Borrow APY.

Target APY: ~30% Performance Fee: 20% Accepted Assets: USDHL, WHLP Management: Nucleus

Users simply deposit WHLP or USDHL to get LHLP, then behind the scenes the protocol uses an automated looping strategy to generate additional yield