Product Mechanics

Strategy

WHLP deposit and withdrawal flow

WHLP automates the process of depositing to HLP while providing users with a transferable, DeFi-compatible token.

The strategy involves:

1. Multi-Asset Deposits: Accept USDHL and other assets on HyperEVM

2. Bridging: Bridge funds to HyperCore and convert to USDC at optimal prices

3. HLP Deposit: Deposit USDC to HLP through automated multisig operations

4. Yield Generation: Earn from trading fees, funding rates, and trader losses

Technical Implementation

Deposit Flow

1. User Deposits: Users deposit USDHL or any other accepted assets on HyperEVM through distributor frontends

2. Token Issuance: Users receive WHLP tokens representing their proportional vault share

3. Asset Conversion: Manager bridges deposited funds and sets limit orders to convert to USDC at ≥$1.00

4. HLP Deposits: Automated deposits USDC to HLP every 24 hours

Withdrawal Flow

1. Withdrawal Request: Users request WHLP redemption at any time

2. Daily Processing: Up to 20% of total vault NAV can be withdrawn within 24 hours

3. Asset Conversion: Manager converts USDC to requested stablecoin at ≤$1.00

4. Bridge & Distribution: Assets bridged to HyperEVM and distributed to users

Withdrawal Limits

• Standard Withdrawals: Immediate processing when sufficient HyperEVM liquidity exists

• Daily Limit: Maximum 20% of total deposits processable within 24 hours

• High Demand: Up to 5 days processing time when requests exceed 20% of vault deposits