How To Get Started
Deposit
LHYPE tokens are minted upon deposit and burned when redeemed.
You can mint LHYPE by depositing either HYPE or stHYPE. In future phases, kHYPE, mHYPE and USDC will also be accepted as collateral.
Deposited assets are staked with the respective liquid staking protocol, and subsequently 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.
Withdrawal
Users can withdraw their LHYPE via the Staking Terminal on stakingrewards.com, the process takes between 1-3 days. By withdrawing LHYPE you will get stHYPE in return.
Steps to withdraw:
Connect to the Terminal with your HyperEVM wallet
Click the three dots on the right, next to you LHYPE position
Confirm the amount then click "Withdraw"
Instant withdrawals are available via secondary venues such as Kittenswap or Hyperswap, for a small fee. Be vary of potential slippage for large swaps.
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