# Overview ### What is the Looping Collective? The Looping Collective transforms fragmented DeFi yield opportunities into unified, high-performing crypto assets that deliver sustainable returns above market average. ### The Problem DeFi offers tremendous yield opportunities across validators, liquid staking tokens, and liquidity pools—but managing these positions individually is complex, time-consuming, and often suboptimal for individual users. ### Solution The Looping Collective pools liquidity from multiple DeFi sources into single, composable tokens powered by disciplined, risk-contained strategies. [loopedHYPE](https://docs.loopingcollective.org/products/loopedhype) (LHYPE) and [Wrapped HLP](https://docs.loopingcollective.org/products/wrapped-hlp) (WHLP) are the first tokenized products by the Looping Collective. Each of which offers users a tokenized yield strategy, while maintaining strict risk management through systematic approaches. ### Introducing LOOP $LOOP is the engine powering all Liquid Looping products. It’s a token-flywheel that fuels growth by realigning incentives and sharing value with everyone who stakes and builds in our ecosystem. How it works: * **Airdrop Multipliers:** Stake $LOOP to supercharge your LHYPE, WHLP airdrops - covering the Early Adopter, Loyalty, and LoopDrops phases. * **Automatic buy-backs:** We take 10% of performance fees from LHYPE, WHLP (and future LLTs) to buy $LOOP back on the open market, driving demand and rewards. In short, $LOOP is the growth engine that rewards you for powering up the whole Liquid Looping universe. ### Looping Collective Products * [**loopedHYPE**](/products/loopedhype) * [**Wrapped HLP**](/products/wrapped-hlp) * [**loopedBTC**](/products/loopedbtc) **(coming soon)** * & more # What is Liquid Looping? Liquid Looping is a DeFi primitive that supercharges staking by “looping” your assets through liquid staking tokens (LSTs) and lending protocols. Instead of a single stake, your deposit is recursively staked—stake, borrow, re-stake, repeat—achieving significantly higher yields with marginally higher risk than direct staking. ### How it works * **Deposit** your native token (HYPE, USDHL, etc.). * **Mint** an LLT to track your position. * **Loop** automatically: stake → borrow → re-stake → repeat. * **Accrue** value: each loop automatically compounds your exposure. ### Why it matters * **Higher yield** – outperforms basic (liquid) staking * **Farming multiplier** – earn up to 5× points in underlying DeFi protocols * **Full liquidity** – swap LLTs anytime * **Extra utility** – use LLTs as collateral for leverage or other DeFi strategies * **Hands-off compounding** – set it and forget it In short, Liquid Looping turns plain staking into a self-driving, yield-amplifying engine, while keeping your funds liquid through LLTs. # Vision, Purpose & Philosophy Our mission is to elevate the potential of LSTs with Liquid Looping, unifying staking and looping liquidity into a single composable token to become DeFi’s ultimate building block. ### **1. Looping = the “risk-free” rate** Combine staking rewards and lending yields into one plug-and-play product. No more manual loops or illiquid workarounds—just a clear, pre-defined yield optimization protocol that works. ### **2. An open standard everyone can join** An open looping standard with aligned incentives that lets users, builders, validators, LST protocols and partners plug in—unlocking deep liquidity, seamless integrations and a smoother staking experience. ### **3. Fair value for all contributors** Rewards shouldn’t pile up at the top. Our standard mints and redistributes ownership based purely on contribution—staking tokens, distributing products, or building integrations. Everyone gets their slice of the pie. ### **4. Token-early launch to spark the flywheel** We TGE early and at a low price, giving everyone early access. Early stakers and builders jumpstart network effects, bootstrap liquidity, and fuel compounding growth. ### **5. Community-first ownership** Most of the supply goes to you—users, builders, and ecosystem partners. That alignment drives real meritocracy, long-term commitment, and decentralized control. Together, these principles guide every decision we make—keeping the Looping Collective transparent, community-centric and laser-focused on unlocking staking’s full potential. # LoopedHYPE Maximize HYPE yield via an automated looping strategy loopedHYPE (LHYPE) is an automated looping protocol that maximizes yield on staked HYPE. Users simply deposit HYPE to get LHYPE, then behind the scenes the protocol uses an automated looping strategy to generate additional yield, on top of any network rewards earned from staking. This documentation provides comprehensive information about loopedHYPE, its features, and how to get started. ### What is LHYPE? LHYPE is the first ever Liquid Looping Token (LLT). LHYPE is issued as a receipt token when a user deposits into the loopedHYPE protocol. LHYPE represents a users staked HYPE and accrues any network rewards from staking and looping rewards via AutoLoop, loopedHYPE's automated looping strategy.\ \ **Target APY:** \~6%\ **Performance Fee**: 10%\ **Accepted Assets:** HYPE, stHYPE\ **Management:** Paxos Labs (transitioning to UltraYield) \*\ **Token Contract Address:** [0x5748ae796AE46A4F1348a1693de4b50560485562](https://purrsec.com/address/0x5748ae796ae46a4f1348a1693de4b50560485562)
***\* Date: 11/12/26 — UltraYield is joining the Looping Collective as a strategy manager for LHYPE.***\ *Paxos Labs and UltraYield (part of Edge Capital) are working closely on a phased transition designed to ensure continuity of vault operations, with scoped permissions and established safeguards.* [*Read more*](https://x.com/looping_col/status/1999162142860198371)*.* # Product Mechanics

How LHYPE works

\ Example: 1. **Deposit Asset:** A user deposits 200 HYPE and receives \~200 newly-minted *LHYPE* in return, minus the gas & execution fees to execute the transaction. 2. **Execution Fees:** Slippage fees are included in the price when minting & redeeming. loopedHYPE earns no profit from the minting or redeeming of *LHYPE*. 3. **AutoLoop:** The Risk Curator oversees AutoLoop, which stakes the underlying HYPE into a Liquid Staking Protocol (i.e stHYPE), receives stHYPE, then supplies it to a decentralized lending protocol, borrows HYPE against stHYPE, and stakes HYPE again. This strategy is recursively executed up to 15x. 4. **Risk Management:** The Risk Curator calibrates AutoLoop to rebalance the position daily. Based on the current market conditions, the multiplier is adjusted for the most efficient and safest looping strategy. Below is a **GitBook-ready section** you can drop directly into the docs. I’ve kept it structured, explicit, and consistent across vaults. ## Technical Implementation ### Withdrawal Mechanics #### LHYPE → stHYPE **Overview**\ LHYPE withdrawals are allowance-based, time-bound, and resolved by Paxos Labs. Only one request can be active at a time. **Key Mechanics** * **Request submission:** * Submitting a new withdrawal **replaces the previous request**. * Only **one active request** is allowed at a time (**stHYPE**). * **Asset handling during withdrawal:** * **LHYPE remains in your wallet** while the request is pending. * Once resolved, **LHYPE is burned** and you receive **stHYPE**. * **Cancellation:** * You can cancel a withdrawal by **removing the allowance**. * **Timeouts:** * Withdrawal requests **expire after 5 days**. * **Settlement:** * Requests are **solved by the Paxos team**. * **Fees:** * A **4 bps withdrawal fee** applies to prevent excessive arbitrage. # AutoLoop ### AutoLoop AutoLoop functions by borrowing HYPE against stHYPE, then staking the additional HYPE earned back into the looping strategy (also known as recursive staking). This process can be looped between 3x - 15x depending on the staking APY and borrow rate. AutoLoop automatically adjusts the loop multiplier used in the strategy to generate the maximum yield. Rebalancing happens once a day, to optimize the efficiency of the trade and deleverage if needed. This ensures LHYPE holders can benefit from the most efficient looping multiplier for the best risk-adjusted yield. #### Key Functionalities of AutoLoop include: 1. **Real-Time Monitoring** * Tracks staking APYs, borrowing rates, and LST prices throughout the day. * Prepares for the daily rebalance by collecting up-to-date data. 2. **Unified Multipliers** * Everyone in the vault is exposed to the same leverage setting. * Simplifies management and keeps user returns consistent. 3. **Risk Controls** * Daily deleveraging triggers if LTV exceeds safe thresholds. * Circuit breakers pause new loops during sudden market swings. * Gradual unwinding reduces the chance of forced liquidations. * Eliminate depeg risk by using the exchange ratio *** #### How It Works 1. **Data Collection** * System fetches price feeds, APYs, and loan rates each day. * Compares current LTV to borrowing and staking spreads. 2. **Decision Logic** * **Leverage Up**: If staking APY outpaces borrowing costs, AutoLoop borrows more and stakes again. * **Leverage Down**: If borrowing rates rise or LST values drop, it repays loans or unstakes as necessary. 3. **Daily Rebalancing** * At a set time, AutoLoop updates the vault’s multiplier for all depositors. * Ensures uniform adjustments so everyone benefits from optimal settings. #### Usage Flow 1. **Vault Deposit** * You deposit tokens and AutoLoop is automatically enabled. 2. **Ongoing Operation** * AutoLoop rebalances daily with no extra effort on your part. 3. **Visibility & Alerts** * Instant notifications if the system detects abnormal volatility. **Conclusion**\ AutoLoop handles the heavy lifting of leveraged staking for you. It checks real-time data, rebalances daily, and keeps everyone on the same multiplier to maximize efficiency while protecting your capital. Enjoy optimized returns and peace of mind in any market conditions. # Security & Risk Management loopedHYPE adheres to institutional-grade security by combining robust protocols, multi-layer oversight, and swift emergency response. **Protocol Security Measures** * Integration is limited to protocols thoroughly audited and approved by the strategy committee. * Real-time monitoring catches anomalies immediately, triggering an emergency response within 30 minutes. * We only integrate protocols with direct partnerships to ensure clear communication and reliable oversight. **Strategy Security Measures** * Every proposed strategy is formally reviewed and approved by the committee prior to deployment. * We eliminate depeg risks by relying exclusively on lending protocols that use on-chain exchange ratios. * No dollar-based leverage is employed, reducing exposure to currency fluctuations. **Operational Security Measures** * Ultimate custody of user funds remains within the smart contract, preventing any external party from accessing assets. * Updates to vault configurations require a multi-signature process, involving team members from both Nucleus and Staking Rewards. * Every signatory must remain accessible within a 30-minute window for timely execution of critical changes. * The Risk Curator has only access to whitelisted smart contract functions from the Strategy Committee, and never has access to any funds. *** ### Audit Reports [Paxos Labs](https://paxoslabs.com/) (fmr. Nucleus) Boring Vault Infrastructure is audited multiple times by independent auditors for the Ethereum EVM implementation. * [Repository of Audit Reports](https://github.com/Ion-Protocol/nucleus-boring-vault/tree/master/audit) The HyperEVM implementation matches the Ethereum implementation 1:1. *** ### Vault Infrastructure loopedHYPE uses an institutional-grade vault infrastructure provided by [Paxos Labs](https://paxoslabs.com/) (fmr. Nucleus), in collaboration with [Staking Rewards](https://www.stakingrewards.com/). The vault infrastructure uses Paxos Labs' [BoringVault framework](https://docs.nucleusearn.io/nucleus-architecture/vault-framework), an ERC20 token contract that custodies all deposit assets and exposes permissions for minting and burning the vault shares. Contract addresses used in the LHYPE deployment include: | Ticker | Contract | Address | | ------ | ---------------------- | ------------------------------------------ | | LHYPE | BoringVault | 0x5748ae796AE46A4F1348a1693de4b50560485562 | | LHYPE | Teller | 0xFd83C1ca0c04e096d129275126fade1dC45BF4F0 | | LHYPE | Manager | 0xe661393C409f7CAec8564bc49ED92C22A63e81d0 | | LHYPE | Accountant | 0xcE621a3CA6F72706678cFF0572ae8d15e5F001c3 | | LHYPE | RolesAuthority | 0xDc4605f2332Ba81CdB5A6f84cB1a6356198D11f6 | | LHYPE | CommunityCodeDepositor | 0x6e358dd1204c3fb1D24e569DF0899f48faBE5337 | For the RolesAuthority contract, various addresses take on specific roles, as outlined below: | Role Type | Description | Address | | -------------------------------- | --------------------------------------------------------------------------------------------------------- | ------------------------------------------ | | Strategist Role (1) | This role can call the ManagerWithMerkleVerification contract. | 0xcb8fa722b2a138fac6b6d60013025e2504b9b753 | | Strategist Role (2) | This role can call the ManagerWithMerkleVerification contract. | 0x518628F095c7226986911c925F1C5DAeeDcA94Ad | | Strategist Role (3) | This role can call the ManagerWithMerkleVerification contract. | 0x2f538e1E9CF072D80E138227B3Dcd991e5dC41b3 | | Strategist Role (4) - UltraYield | This role can call the ManagerWithMerkleVerification contract. | 0x9a81B594C3f6D8812A074A592C20172Fb786616A | | Manager Role (4) | This role is granted to the ManagerWithMerkleVerification contract. | 0xe661393C409f7CAec8564bc49ED92C22A63e81d | | Teller Role (5) | This role is granted to the TellerWithMultiAssetDeposit contract. | 0xFd83C1ca0c04e096d129275126fade1dC45BF4F0 | | Rate Provider Role (6) | This role is granted to the EOA that can update the exchange rate on the Accountant. | 0x1755397BEc366a1e1160d8aE0106C60E7e344B56 | | Solver Role (7) | This role is granted to the solvers that can withdraw assets and fulfill user withdraw requests. | 0x54563d1DdB55b029D6D7AcD89C633af746823092 | | Pauser Role (8) | This role is granted to the pauser contract that can pause the contract in an incident response scenario. | 0x858d3eE2a16F7B6E43C8D87a5E1F595dE32f4419 | ### Tax Reports LHYPE is a value-accruing token based on the tax-friendly cToken model. loopedHYPE’s Protocol Conversion Rate, the internal rate that governs how LHYPE is valued compared to HYPE at minting and redemption, programmatically changes over time to accurately represent the value of staked HYPE and accumulated rewards. loopedHYPE's Protocol Conversion Rate, set automatically at the protocol level, operates independently from any market trading rates of LHYPE.\ \ Tax & Accounting Reports can be requested at for any staked amounts of $1m+ # Stability Fund The LHYPE Stability Fund is a Peg Stability Module (PSM) to strengthen the peg of LHYPE while simultaneously generating additional yield for LHYPE holders. PSM is a mechanism (originally popularized by MakerDAO) that helps maintain a stable “peg” by letting people swap in/out of a token at nearly 1:1 with minimal slippage. The idea is to capture and redistribute the arbitrage value back to vault holders instead of letting external traders capture it. ### How it works If LHYPE trading on secondary markets deviates from its underlying value, the protocol-owned LHYPE Stability Fund will either buy or sell LHYPE on a DEX to align the market price with the actual value. The LHYPE Stability Fund monitors market prices across several decentralized exchanges (DEXes) in real-time to identify potential scenarios where LHYPE is under- or over-pegged. When an arbitrage opportunity is recognized, the LSF automatically buys or sells LHYPE to correct the market and bring its price back to its underlying value. The additional yield generated from these transactions is then redistributed evenly among LHYPE holders, rather than being lost to external arbitrageurs. #### *Simplified Scenario 1 (LHYPE under* fair value*):* LHYPE fundamental value: 1.2 HYPE Market price: 1.1 HYPE (undervalued) **Action:** 1. Fund spends 100 HYPE to buy 90.9 LHYPE 2. Fund redeems 90.9 LHYPE for 109.08 HYPE (resulting in 9.8 HYPE profit for LHYPE holders) **Result:** 1. Fundamental Value Increases to 1.21 HYPE (profit for LHYPE holders) 2. Market Price now matches fundamental value of 1.21 HYPE #### *Simplified Scenario 2 (LHYPE a*bove fair value*):* LHYPE fundamental value: 1.2 HYPE Market price: 1.3 HYPE (overvalued) **Action:** 1. Fund spends 100 HYPE to mint 83.3 LHYPE 2. Fund sells 83.3 LHYPE for 108.3 HYPE (resulting in 8.3 HYPE profit for LHYPE holders) **Result:** 1. Fundamental Value Increases to 1.21 HYPE (profit for LHYPE holders) 2. Market Price now matches fundamental value of 1.21 HYPE *** # Integrations ### Smart Contract Infrastructure * Nucleus: [nucleusearn.i](https://t.co/nNss97dy3G) ### **AutoLoop Protocol Integrations** **Liquid Staking Protocols** * stHYPE: [stakedhype.fi](https://t.co/hce1ADXH3V) * kHYPE: [kinetiq.xyz](https://kinetiq.xyz/) **Lending Markets** * Hyperlend: [hyperlend.finance](https://t.co/c6PmmEvJSU) * HypurrFi: [hypurr.fi](https://t.co/zEbxxSv4nL) * Felix: [usefelix.xyz](https://www.usefelix.xyz/) * Pendle: [pendle.finance](https://www.pendle.finance/) ### Validator Infrastructure * HypurrCollective & Nansen: , [nsn.ai/nanse](https://t.co/GcDz3NFgQf) * ASXN: [asxn.xyz](https://t.co/M2g8LCk5jR) * ValiDAO: [validao.xyz](https://t.co/RqeTXNop8I) * Meria: [meria.com](https://t.co/ObdzBaLtVC) * PurposefulNode * B-Harvest: [bharvest.io](https://t.co/WgD9h9SIsE) ### **LHYPE DeFi Integrations** **Yield Trading** Pendle - 13th Nov 2025 expiry * Buy PT LHYPE: [https://app.pendle.finance/trade/markets](https://app.pendle.finance/trade/markets/0x25e8a59e7b42fd3e805edfaddd2e558bb6394682/swap?view=pt\&chain=hyperevm\&chart=watermark-rate) * Buy YT LHYPE: [https://app.pendle.finance/trade/markets](https://app.pendle.finance/trade/markets/0x25e8a59e7b42fd3e805edfaddd2e558bb6394682/swap?view=yt\&chain=hyperevm\&chart=watermark-rate) * LP LHYPE: [https://app.pendle.finance/trade/pools](https://app.pendle.finance/trade/pools/0x25e8a59e7b42fd3e805edfaddd2e558bb6394682/zap/in?chain=hyperevm) Spectra * Buy PT LHYPE: [https://app.spectra.finance/fixed-rate](https://app.spectra.finance/fixed-rate/hyperevm:0x62be9a3cb21c7e0fe8f08d2a18d04be32fb0be46) * Buy YT LHYPE: [https://app.spectra.finance/trade-yield](https://app.spectra.finance/trade-yield/hyperevm:0x62be9a3cb21c7e0fe8f08d2a18d04be32fb0be46) * LP LHYPE: [https://app.spectra.finance/pools](https://app.spectra.finance/pools/hyperevm:0x62be9a3cb21c7e0fe8f08d2a18d04be32fb0be46) **DEXs** HyperSwap * Swap LHYPE: * Provide LHYPE liquidity: Project X * Swap LHYPE: * Provide LHYPE liquidity: [https://www.prjx.com/deposit](https://www.prjx.com/deposit?tokenA=0x0000000000000000000000000000000000000000\&tokenB=0x5748ae796ae46a4f1348a1693de4b50560485562\&fee=100) KittenSwap * Swap LHYPE: * Provide LHYPE liquidity: Hybra Finance * Swap LHYPE: [https://www.hybra.finance/trade](https://www.hybra.finance/trade?from=0x0000000000000000000000000000000000000000\&to=0x5748ae796ae46a4f1348a1693de4b50560485562) * Provide LHYPE liqiudity: [https://www.hybra.finance/liquidity](https://www.hybra.finance/liquidity/add?token0=0x5555555555555555555555555555555555555555\&token1=0x5748ae796ae46a4f1348a1693de4b50560485562\&fee=200\&type=v3) LiquidSwap * Swap LHYPE: Laminar * Swap LHYPE: * Provide LHYPE liquidity: **CDP** HypurrFi (Isolated market) * Deposit LHYPE as collateral to borrow $USDXL: [https://app.hypurr.fi/markets](https://app.hypurr.fi/markets/isolated/999/0xAeedD5B6d42e0F077ccF3E7A78ff70b8cB217329) HyperStable (Coming Soon) Keiko t * Deposit LHYPE as collateral to borrow $KEI: [https://app.keikofinance.com/#](https://app.keikofinance.com)
### HyperCatalyst Initiative For each dollar staked, loopedHYPE will invest 1% of that to support Hyperliquid Growth & Ecosystem Our ecosystem reinvestment program includes: * Institutional adoption programs * Staking analytics development * Community education * Dedicated Hyperliquid Events Series * Featuring Hyperliquid at the Staking Summit and other events * Market development # Wrapped HLP ### What is WHLP? Wrapped HyperLiquidity Provider (WHLP) is a tokenized version of HyperLiquidity Provider (HLP). By minting WHLP, users earn trading fees from Hyperliquid while retaining full liquidity and DeFi composability on HyperEVM. Initially valued at 1.00 USD, WHLP appreciates in value over time as HLP yields accrues to the token. **APY**: 2-18%\ **Performance Fee**: 10%\ **Accepted Assets**: USDT0 (or zap from any asset)\ **Management**: Paxos Labs\ **Frontend**: HyperLend, Looping Collective\ **Token Contract Address**: 0x1359b05241cA5076c9F59605214f4F84114c0dE8 *** ### HyperLend x WHLP HyperLend serves as the primary launch partner for Wrapped HyperLiquidity Provider (WHLP). Through this collaboration, HyperLend will integrate WHLP deposit functionality directly into its user interface, enabling streamlined access to the WHLP vault. In subsequent phases, HyperLend will also offer lending markets denominated in WHLP, permitting users to leverage their positions or obtain liquidity against their tokenized HLP holdings. This partnership enhances WHLP’s accessibility and composability within the broader HyperEVM ecosystem. ### USDT0 x WHLP USDT0 is a USDT-based stablecoin that uses LayerZero's Omnichain Fungible Token (OFT) standard. USDT0 functions as the official medium for both depositing into and redeeming from the WHLP vault. *** ### What is HLP? HLP, Hyperliquidity Provider, is a permissionless vault on Hyperliquid that: * Passively market makes across all trading pairs * Backstops liquidations on the platform * Returns profits directly to liquidity providers * Operates without charging depositor fees * Represents community ownership of market-making profits typically captured by internal trading desks **Note that HLP past performance is not a guarantee for future returns**

Past Monthly Returns of HLP

Learn More About HLP Here View HLP Fees and Monthly Returns Stats Here # 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, USDT0 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 USDT0 and other 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 4. **HLP Deposits**: Automated deposits USDC to HLP every 24 hours ### Withdrawal Mechanics #### Withdrawal Flow 1. **Withdrawal Request**: Users request WHLP redemption at any time 2. **Daily Processing**: Parts of the total NAV can be withdrawn daily to fulfill user withdrawals 3. **Asset Conversion**: Manager converts USDC to requested stablecoin 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 #### wHLP → USDT0 **Overview**\ wHLP withdrawals follow the same model as LHYPE: allowance-based, time-limited, and resolved by Paxos. **Key Mechanics** * **Request submission:** * Submitting a new withdrawal **replaces the previous request**. * Only **one active request** is allowed at a time (**USDT0**). * **Asset handling during withdrawal:** * **wHLP remains in your wallet** while the request is pending. * Once resolved, **wHLP is burned** and you receive **USDT0**. * **Cancellation:** * You can cancel a withdrawal by **removing the allowance**. * **Timeouts:** * Withdrawal requests **expire after 5 days**. * **Settlement:** * Requests are **solved by the Paxos team**. * **Fees:** * A **4 bps withdrawal fee** applies to prevent excessive arbitrage. # Decentralization Roadmap
WHLP follows a two-phase approach to decentralization, progressively reducing trust assumptions while maintaining operational efficiency. This roadmap balances immediate functionality with long-term trustlessness. ### Phase 1: Automation, Cold Signing & Transparency **Status: Live**\ \ **Implementation**\ Phase 1 combines automated scheduling with centralized security controls and full operational transparency. **Key Features** * Automated Operations: HLP deposits and redemptions are automated and happens at least every 24h * Cold Storage Security: All transactions signed from offline cold wallets * Transparent Operations: Public reporting on all fund movements and operational decisions **Trust & Risk Model** Users trust the WHLP Manager to execute whitelisted smart contract functions and asset conversions properly while benefiting from: * Maximum security through cold wallet architecture * Full transparency into operational processes and fund flows * Consistent execution of documented procedures * Immediate protocol functionality *** ### Phase 2: CoreWriter Launch **Status: In Progress (following launch of CoreWriter)** Phase 2 leverages CoreWriter—a system contract that bridges HyperEVM and HyperCore—to automate cross-environment operations currently requiring manual signatures. **CoreWriter Integration:** * **Automated Asset Conversion**: Smart contracts use CoreWriter to place limit orders on HyperCore for USDHL/USDC conversions * **Direct HLP Operations**: Vault deposits/withdrawals execute through CoreWriter actions sent to HyperCore * **Trustless Execution**: Operations encoded on-chain and processed with one-block finality * **Eliminated Manual Intervention**: No more cold wallet signatures for routine cross-environment operations **Key Changes:** * **Cross-Environment Automation**: Asset transfers between HyperEVM and HyperCore execute automatically * **On-Chain Limit Orders**: Conversion parameters (≥$1.00 for deposits, ≤$1.00 for withdrawals) encoded in smart contracts * **Reduced Dependencies**: Routine operations no longer require cold wallet signatures * **Enhanced Auditability**: All CoreWriter actions visible and verifiable on-chain #### Benefits * **Trustless Operations**: Reduced reliance on centralized decision-making * **Transparent Automation**: All operations visible and verifiable on-chain * **Improved Composability**: Better DeFi integration capabilities * **Lower Operational Risk**: Elimination of human error in routine processes
**Implementation Timeline**\ The transition will maintain operational continuity while systematically reducing trust requirements. This roadmap ensures WHLP users can earn HLP yields immediately while progressing toward fully trustless operations as the underlying infrastructure matures. \
# Contracts & Audits ### Contract Addresses wHLP utlilzes the Boring Vault infrastructure, deployed and managed by Paxos Labs. See below contract deployments.
ContractAddressDescription
wHLP (ERC-20)0x1359b05241cA5076c9F59605214f4F84114c0dE8The ERC20 token and the BoringVault contract that that accrues HLP yield
Accountant0x470bd109A24f608590d85fc1f5a4B6e625E8bDfFReturns current exchange rate for wHLP ↔ USDHL derivatives
Depositor0x340C9f6159ABc2bdfCC0E2b9Fe91D739006b41c1Entry point for community-code deposits
Atomic Queue0x228C44Bb4885C6633F4b6C83f14622f37D5112Manages the withdrawal request queue
ContractAddressDescription
USDT0 (ERC‑20)0xb8ce59fc3717ada4c02eadf9682a9e934f625ebbUSDT0 is a USDT-based stablecoin that uses LayerZero's Omnichain Fungible Token (OFT) standard.
### Audits Paxos Lab's (fmr. Nucleus) Boring Vault Infrastructure is audited multiple times by independent auditors for the Ethereum EVM implementation. * [Repository of Audit Reports](https://github.com/Ion-Protocol/nucleus-boring-vault/tree/master/audit) The HyperEVM implementation matches the Ethereum implementation 1:1 # Integrations ### **WHLP DeFi Integartions** **HyperSwap** * [WHLP/USDHL](https://app.hyperswap.exchange/#/increase/0x1359b05241cA5076c9F59605214f4F84114c0dE8/0xb50A96253aBDF803D85efcDce07Ad8becBc52BD5/undefined/86066) **ProjectX** * [WHLP/USDHL pool](https://www.prjx.com/deposit?tokenA=0x1359b05241ca5076c9f59605214f4f84114c0de8\&tokenB=0xb50a96253abdf803d85efcdce07ad8becbc52bd5\&fee=500) **KittenSwap** * [WHLP/USDHL](https://app.kittenswap.finance/liquidity/manage/concentrated?tokenA=0x1359b05241ca5076c9f59605214f4f84114c0de8\&tokenB=0xb50a96253abdf803d85efcdce07ad8becbc52bd5\&fee=200) **Curve** * [WHLP/USDT0/USDHL (3 way stable pool)](https://www.curve.finance/dex/hyperliquid/pools/factory-stable-ng-24/deposit/) **Balancer** * [WHLP/USDT0](https://balancer.fi/pools/hyperevm/v3/0x3e914881614438eea85cf0e67c3624ba039b37b3) **Hybra** * [WHLP/USDT0](https://www.hybra.finance/liquidity) **Pendle** * [WHLP YT/PT pool](https://app.pendle.finance/trade/pools/0x181c9118a16e7ac4bb6ea545adaa119dcaf7e307/zap/in?chain=hyperevm) **Spectra** * [WHLP YT/PT pool](https://app.spectra.finance/pools/hyperevm:0x541f2682a070d5f65630f5e69ddd941ac5645bec) ### Supported Lending Markets **Hyperlend** * [USDT0 / WHLP (Isolated market)](https://app.hyperlend.finance/markets/isolated/0x06Fd9D03b3d0F18E4919919b72D30c582f0a97E5) **HypurrFi** * [WHLP / USDT0 (Isolated market)](https://app.hypurr.fi/markets/isolated/999/0x6f344dB6b76BE7E110D8AD37d14D5A9F03e2db03) Hyperstalbe * [WHLP / USH (isolated market)](https://app.hyperstable.xyz/) # LoopedBTC Earn yield on your BTC via an automated collaterized lending strategy. loopedBTC (LcBTC) is a cross-chain Bitcoin yield strategy enabling BTC holders to earn \~4% base APY, plus incentives, while maintaining full Bitcoin exposure through conservative collateralized lending across Ethereum and HyperEVM ecosystems. ### What is LcBTC? LcBTC is issued as a receipt token when a user deposits into the loopedBTC protocol. LcBTC represents a user's collateralized BTC, plus any BTC yield accrued from the underlying yield strategy. Get early access to LcBTC → ### Key Info * **Target APY:** \~4% * **Performance Fee:** 20% * **Strategy Management:** Edge Capital * **Vault Infra:** UltraYield 2.0 * **Deposit Assets:** WBTC, cbBTC, soon uBTC & BTC # Product Mechanics
How LcBTC works

How LcBTC works

### How the Strategy Works 1. Deposit BTC / wrappers (cbBTC, wBTC) 2. BTC serves as collateral on Aave / Morpho → Borrow stablecoins at max 50% LTV 3. Stablecoins deployed across lending markets on HyperEVM (\~12%+ APY) 4. Additional yield source from a Hyperliquid Basis Trade & HLP vault (\~17% avg. APY) 5. Automated cross-chain arbitrage engine captures 8–15% rate premiums across lending markets 6. All returns converted back → Paid in BTC ## Technical Implementation ### Withdrawal Mechanics #### LcBTC → cbBTC / wBTC **Overview**\ Withdrawals from the BTC vault are request-based and resolved manually by the Edge Capital team. Requests do not expire and can be accumulated. **Key Mechanics** * **Request submission:** * Submitting a new withdrawal **increases** the existing request amount. * You may have **up to two active requests at the same time**, one for **cbBTC** and one for **wBTC**. * **Asset handling during withdrawal:** * Upon requesting a withdrawal, **LcBTC is transferred to the vault**. * Once the request is resolved, you receive **cbBTC or wBTC**. * **Cancellation:** * You can manually cancel a withdrawal by calling `cancelRedeemRequestOfAsset`. * **Timeouts:** * Withdrawals **do not time out**. * **Settlement:** * Requests are **solved by the Edge team**. * **Fees:** * **No withdrawal fees** apply. # Vault Infra & Audits ### Vault Infrastructure LcBTC utilizes [UltraYield](https://ultrayield.app/) Vault infrastructure, which follows the ERC-4626 standard. *Contract addresses:*
DescriptionContract Address
LcBTC Vault (UltraVault)0xaa3cb36be406e6cf208d218fd214e0f1a71e957d
VaultPriceManager0xff5e637726f089884372994c00476114a9e0a5b5
UltraFrontendHelper0x7f37fa970607e1c3dddccec4db763a8a4dd6d1c1
UltraVaultOracle0xbae89dc56874ed0f790ce9bc698674b2da947ebf
UltraVaultRateProvider0xfba0f791e650e5cebe63496332814e40c38381ae
### Audits LcBTC's vault infrastructure is battle-tested and has been audited multiple times by Chain Security and Omniscia. * [Repository of Audit Reports](https://github.com/UltraYield/contracts/tree/main/audits) # Security & Risk Management Designed for capital preservation and resilience LcBTC is a conservative collateralized yield strategy, designed to avoid liquidations, limit cross-chain trust assumptions, and maintain high liquidity at all times. While the strategy carries the inherent risks of DeFi (smart contracts, bridges, liquidity), it employs tight operational controls, automated monitoring, and conservative leverage parameters to minimize downside scenarios and protect principal. In this section we highlight all of the risks associated with LcBTC, the actions taken to mitigate these risks, as well as plans to further manage and improve these associated risks. This section will discuss the following risks:
* [Liquidation Risk](https://docs.loopingcollective.org/products/loopedbtc/security-and-risk-management#liquidation-risk) * [Protocol Counterparty Exposures](https://docs.loopingcollective.org/products/loopedbtc/security-and-risk-management#protocol-counterparty-exposures) * [Bridging Risk](https://docs.loopingcollective.org/products/loopedbtc/security-and-risk-management#bridging-and-cross-chain-liquidity-risk) * [Key Management & Permissions](https://docs.loopingcollective.org/products/loopedbtc/security-and-risk-management#key-management-and-permissions) *** ### Liquidation Risk The strategy provides simple, overcollateralized lending exposure. Liquidation risk arises only if collateral values fall materially below required margin thresholds. LcBTC primarily uses cbBTC and wBTC as collateral assets to lend against. Positions are exposed to liquidation risk during rapid BTC price declines, particularly when loan-to-value (LTV) ratios increase sharply. Mitigations * Conservative target LTV of \~50%, supported by stress-tested risk buffers. * Strategy parameters calibrated to withstand 40–50% BTC drawdowns over short timeframes. * Continuous margin monitoring with automated deleveraging and cross-venue position management. * Exclusion of hard-liquidation venues where positions cannot be actively monitored or adjusted. *** ### Protocol Counterparty Exposures LcBTC’s underlying strategy is limited to audited protocols that have been battle-tested and approved by the strategy committee. Smart contract failure across any integrated protocol can impair a user's funds.\ \ Protocols used as part of the underlying strategy include: * On Ethereum: * Aave * On Katana * Morpho * On HyperEVM: * HyperLend (Official Aave instance) * Felix (Official Morpho instance) * HypurrFi (Official Euler Instance) * wHLP Exposure (max 20% of the strategy) Mitigations: * Cap exposure per lending protocol on HyperEVM of max 20% of total counterparty TVL. * Deploys only what can be withdrawn or unwound automatically. * Continuous runtime monitoring (Hypernative + internal analytics) for anomalous events. *** ### Bridging & Cross-Chain Liquidity Risk #### Bridging Risk LcBTC underlying yield strategy includes the movement of stablecoins between Ethereum and HyperEVM, which introduces a bridging risk. To mitigate risk, the strategy only interacts with whitelisted bridge providers, including: * USDT0 (Official LayerZero Bridge: ) * USDC native HyperEVM bridge #### Cross-Chain Liquidity The strategy relies on liquidity availability across chains to rebalance leverage, respond to market conditions, and manage borrowing costs. Illiquidity may slow or impair rebalancing. Mitigations: * The strategy manager maintains liquid inventory on HyperEVM to support rapid deleveraging. * Selectively use institutional lenders (e.g., Maple, Arkis) to enhance depth and flexibility. *** ### Key Management & Permissions While LcBTC aims to minimize trust assumptions across its infrastructure, some remain necessary to execute core protocol actions. In its current form, LcBTC uses a 3/5 multi-sig set up with Foredefi wallet, to sign or transact as part of its automated yield strategy. The entities included in the multisig with keys geographically distributed and controlled by distinct individuals that are part of the Looping Collective, including (2) UltraYield, (2) Staking Rewards, with an additional key controlled by (1) Foredefi. | Role | Signers | Style | Address | | ------------------------- | ----------- | ----------- | ------------------------------------------ | | Owner | 5 | Fordefi | 0xF03f36ed66Fea50da208BE87830ADD639d4Da41e | | Entrypoint (Funds Holder) | 2 | Fordefi | 0xfe80d994342C3DDf8f414d34d621C6a0b8c5dd6E | | Strategy 1 | 2 | Fordefi | 0x3051954Ae939EFC0a1c8e3ac06Ef82c827fa8FEc | | Strategy 2 | 2 | Fordefi | 0xBd9CA7427b1f1BB054Fa5Bdd54215101eF665755 | | Fee Recipient |


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| 0xB4c9cd2b7083F2a9452795f14c3aA73902e58580 | | Curator (Pauser) | 2 | Fordefi | 0x9a81B594C3f6D8812A074A592C20172Fb786616A | As the protocol matures, there are plans to gradually reduce trust assumptions away from the Owner role, by migrating to a Safe wallet with a 3/5 multi-sig set up. # 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**: TBD\ **Accepted Assets**: USDHL, WHLP\ **Management**: Nucleus ### How It Works Users simply deposit WHLP or USDHL to get LHLP, then behind the scenes the protocol uses an automated looping strategy to generate additional yield # xStocks LP ### What is XLP? Looping Collective is partnering with BackedFi to bring tokenized stocks to Hyperliquid via HiP3. The XLP vault on HyperEVM will earn trading fees across spot xSTOCKS, perps and AMM xSTOCK tokens will be available across both HyperCore (perpetuals) and HyperEVM (spot + DeFi), creating a complete trading and investment ecosystem for tokenized stocks Initial Underlying Assets: * SPYx (S\&P 500 ETF exposure) * NVDAx (NVIDIA stock exposure) * TSLAx (Tesla stock exposure) **Target APY**: 8-15% (based on basis spreads)\ **Performance Fee**: 10%\ **Accepted Assets**: USDHL, USDT0, USDC (with zapper integration)\ **Management**: Professional algorithmic execution # LentHYPE (coming soon) ### What is LentHYPE ? LentHYPE (LeHYPE) is a liquid lending token explicitly designed for institutional investors seeking maximum security and minimal risk exposure. It automatically reallocates deposits across lending markets to consistently achieve the highest available supply APY, while distributing 100% of additional incentives and potential airdrops directly to token holders. **Longterm Target APY:** 2% **Current Market Opportunity:** 4-5% ### How It Works **User Experience:** * Deposit HYPE → Receive LeHYPE (liquid lending token) * LeHYPE value appreciates as the automated lending strategy accrues yield * Redeem LeHYPE for HYPE anytime with accrued gains * 5% performance fees * Use LeHYPE in DeFi to swap and borrow against LeHYPE **Automated Optimization:** * Real-time monitoring of supply APYs across all major lending protocols (HyperLend, Felix, HypurrFi, etc.) * Intelligent rebalancing to ensure the most profitable moves * Professional risk management through protocol & function whitelisting * Automatic capture and compounding of lending incentives/rewards # LOOP Reward Programs stLOOP Perks & Airdrop Multipliers Looping Collective product holders (LHYPE, WHLP) earn [LOOP points](https://docs.loopingcollective.org/loop-utility/points) by default, which makes them eligible for up to 3 different airdrops. 1. [Early Adopter Program](/loop-utility/early-adopter-program) (6 phased airdrops) 2. [Loyalty Rewards](/loop-utility/loyalty-rewards-buy-backs) (Airdrops from Buy-backs) - *must also hold min 5000 stLOOP* 3. [LoopDrops](/loop-utility/loopdrops) (Airdrops from underlying protocols) - *LHYPE, LHLP, LcBTC only* **By staking $LOOP (stLOOP), while holding LHYPE and/or WHLP, you can** [**earn a multiplier**](https://docs.loopingcollective.org/loop-utility/points#looping-modes-and-multipliers) **on your points.** [**Learn more about multipliers**](https://docs.loopingcollective.org/loop-utility/points#looping-modes-and-multipliers) # LoopDrops ### Overview LoopDrops is a feature of products, such as LHYPE and LcBTC, that automatically farms airdrops on behalf of holders. By leveraging each protocol's underlying DeFi activities, LHYPE and LcBTC holders benefit from multiple airdrops without having to actively manage positions themselves. ### How It Works Points from partner protocols accrue to the LHYPE or LcBTC contract address from underlying DeFi activities such as: 1. Staking via Liquid Staking Protocols 2. Looping via Lending Protocols 3. Swaps via DEXs **100% of airdrop allocations will be distributed pro-rata to holders with LOOP points.** **Note: This will include HYPE season 2 airdrop, if distributed to Looping Colletive protocols.** ### How will airdrops by distributed? Airdrops will be distributed directly back to LHYPE and LcBTC holders based on their accrued [LOOP points](https://app.loopingcollective.org/points). ### 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 or LcBTC tokens in your wallet. The amount of airdrops you receive will be proportional to your holdings and duration of holding. # Early Adopter Program The amount of LOOP points a user accrues by the end of each phase - including any LLT holdings - will determine the amount for their airdrop. ### 1. Purpose Define a clear, transparent path for the Looping Collective to reach $1 B Total Value Locked (TVL) across all Liquid Looping Products by rewarding contributors—users, builders and ecosystem partners—with unlocked $LOOP. *** ### 2. Scope Applies to all ecosystem players in Looping Collective Products (LHYPE, WHLP etc). Contributions to TVL, integrations, distribution, referrals, and building efforts all count toward program rewards. *** ### 3. Program Phases & Unlock Schedule The Early Adopter Program uses a TVL milestone-based vesting mechanism.
PhaseTVL TargetMax % of $LOOP Unlocked
1 - complete ✅$5M50M (5%)
2 - complete ✅$50M60M (6%)
3 *$100M70M (7%)
4$200M80M (8%)
5$500M90M (9%)
6$1B100M (10%)
* **Total Pool**: 45% of the total LOOP token supply * Each phase distributes the stated percentage of the **total token supply**, not a percentage of the remainder. (i.e. Phase-3 is 7% of total token supply) * **Per-phase Unlock**: Max Amount that becomes circulating once its TVL threshold is reached. *** ### 4. Point Accrual, stLOOP Multipliers & Snapshot 1. **Daily Points Calculation** ``` Daily Points = Σ over products [ (LLT USD balance) × stLOOP multiplier ] ``` 2. **Multi-Product Aggregation**\ Points from loopedHYPE, loopedETH, loopedBTC, etc. are summed. 3. **Final Snapshot**\ At each phase’s TVL target, the cumulative number of points from that entire phase — including any LLT holdings — is snapped to determine the airdrop amount. *** ### 5. Distribution Mechanics 1. **Pro-Rata Allocation** ``` Contributor’s Airdrop = (Contributor Points) ÷ (Total Points) ``` 2. **Vesting Schedule (TBD)** * Phase 1 had a 100% unlock at TGE * For phase 2 onwards, there will be 50% unlocked at TGE, and the remainder after 6 months, and only if the protocol's TVL is still above the phase's TVL target *** ### 6. Eligibility & Recipients * **Users** staking and holding LLTs * **Builders** integrating or extending products * **Ecosystem partners** providing infrastructure, distribution, or liquidity\ \&#xNAN;*All unlocked $LOOP is distributed across these groups in proportion to points accrued.* *** ### 7. Next Steps 1. **Stake** LLTs across any Liquid Looping Product 2. **Contribute** to LLTs by integrating, distributing, referring, and growing the ecosystem 3. **Accumulate** daily points through your combined balances 4. **Monitor** TVL milestones 5. **Receive** your share of $LOOP and become a partial owner of the Looping Collective # Loyalty Rewards (Buy-backs) 500,000 $LOOP (With a 1% decay starting from 18th July 2025) will be distributed every week to the most loyal holders via Loyalty Rewards.\ \ Performance fees are applied to all Looping Collective Products. These fee will be used strategically to strengthen the value of $LOOP and incentivize long-term alignment. {% hint style="info" %} To qualify for Loyalty Rewards, you must hold a position in LHYPE and/or WHLP, as well as at least 5,000 stLOOP (staked LOOP). {% endhint %} ### How it works * **Buybacks:**\ The performance fee from all Looping Collective Products will be used to buy back $LOOP on the open market. * A **20% performance fee** is applied to LHYPE (factored into the APY). * A 1**0% performance fee** is applied to wHLP (factored into the APY). * **Loyalty Rewards Allocation:**\ All $LOOP acquired through buy-backs will initially be excluded from circulating supply and held in the LOOP Loyalty Rewards Fund. * **Loyalty Rewards Distribution:** $LOOP is automatically airdropped every Friday to eligible users - not signing or claiming is needed. Your loyalty reward amount is calculated based on both your accumulated points history and points generated today. [Looping Modes](https://docs.loopingcollective.org/loop-utility/airdrop-multipliers#looping-modes-and-multipliers) unlock points multiplier for the Loyalty Program. #### Goals * Increase demand for $LOOP via consistent market buybacks * Create long-term alignment with users and builders * Reduce sell pressure by conditioning distribution on price thresholds * Build a sustainable and value-accretive rewards system # Points ### How the Points Program Works Daily snapshots of your LHYPE, WHLP and stLOOP balances determine your points: ``` Daily Points = Σ over products [ (LLT USD balance) × stLOOP multiplier ] ``` * We track both balances each day. * Points accumulate daily to size your airdrop when reaching the next Protocol TVL Milestone. **Example:** * Holds 1,000 LHYPE + 50,000 stLOOP → 1.25× points * After staking another 50,000 stLOOP (now 1,000 LHYPE + 100,000 stLOOP) → 1.50× points ### What Qualifies for Points? 1\) LHYPE and WHLP held natively in your wallet 2\) LHYPE and WHLP in DeFi positions across the following HyperEVM protocols * Hyperswap * HypurrFi (isolated markets) * Laminar * KeikoFinance * Hybra * ProjectX * Gliquid * Kittenswap * Hyperlend (isolated markets)\* * Pendle\* * Curve\* * Balancer \* * Spectra \* * Hyperstable\* *\* Points tracking for this DeFi protocol is pending integration. All points will be retroactively allocated from the date you entered your position.* **While holding and using any LHYPE and WHLP across HyperEVM you earn points.** ### Looping Modes & Multipliers The amount of stLOOP held by each individual wallet determines their current Looping Mode. Based on the Looping Mode for that day, the user will unlock a points multiplier, as outlined in the table below. | **stLOOP Amount** | **Looping Mode** | **Points Multiplier** | | ----------------- | ---------------- | --------------------- | | 10,000,000 | Ouroboros | 3x | | 5,000,000 | Hyper Drive | 2.5x | | 1,000,000 | Turbo Loop | 2x | | 500,000 | Recursive Rush | 1.75x | | 100,000 | Flux Loop | 1.5x | | 50,000 | Cycle Loop | 1.25x | | 5,000 | Starter Loop | 1.1x | | 0 - 5000 | Normie Loop | No Multiplier | # Tokenomics **Total Supply** * 1,000,000,000 $LOOP max—fixed and never mintable beyond this cap **Official contract addresses:** LOOP: [0x00fDBc53719604D924226215bc871D55e40a1009](https://purrsec.com/address/0x00fdbc53719604d924226215bc871d55e40a1009) stLOOP: [0x502EE789B448aA692901FE27Ab03174c90F07dD1](https://purrsec.com/address/0x502ee789b448aa692901fe27ab03174c90f07dd1) ### Milestone-Based Vesting Instead of traditional time-based unlocks, $LOOP uses a **TVL milestone-based vesting mechanism**: tokens unlock only when protocol TVL hits defined targets. This ties dilution directly to performance and growth. *** ### Unlock Schedule (Phases 1–6) | Phase | TVL Target | Collective Fund (10 %) | Launch Partners (20 %) | Early Adopter (45 %) | | :---: | :--------: | :--------------------: | :--------------------: | :------------------: | | 1 | $ 5 M | 20M (2%) | 40M (4%) | 50M (5%) | | 2 | $ 50 M | 20M (2%) | 20M (2%) | 60M (6%) | | 3 | $ 100 M | 20M (2%) | 40M (4%) | 70M (7%) | | 4 | $ 200 M | 20M (2%) | 40M (4%) | 80M (8%) | | 5 | $ 500 M | 10M (1%) | 20M (2%) | 90M (9%) | | 6 | $ 1 B | 10M (1%) | 40M (4%) | 100M (10%) | * **Loyalty Program (15 %)**: Phase 7 ($1 B+ TVL) onward, 1 M LOOP/week unlocks, halving annually. * **Private Sale (7.667 %)**: 50 % at TGE, 50 % at Phase 2. * **Liquidity (2.333 %)**: Unlocked at TGE for Hyperliquid & AMM pools. > **Note:** From Phase 2 on, all categories follow the same TVL-based vesting. ***
### Distribution Breakdown
* **Private Community Sales (7.667 %)** * 50 % unlocked at TGE, 50% at $50M TVL (Phase 2). * **Liquidity Fund (2.333 %)** * Unlocked at TGE to seed Hyperliquid & AMM markets. * **Collective Fund (10 %)** * Vesting across Phases 1–6 per the table above. * **Launch Partners (20 %)** * Incentives for early integrations & staking rewards, vesting per Phases 1–6. * **Early Adopter Program (45 %)** * Airdrops to users, builders & ecosystem partners—vested per Phases 1–6. * **Loyalty Program (15 %)** * Airdrops from the Loyalty Fund distributed at a regular cadence (frequency TBD). *** ### Ecosystem Flywheel 1. TVL ↑ → Token Unlock → Stakeholder Distribution → More Contributions → TVL ↑
This loop ensures every milestone scales incentives—fueling deeper liquidity, broader integrations and faster expansion. *** ### Staking & stLOOP * **Stake $LOOP → mint stLOOP** * **Boosts:** stLOOP unlocks higher airdrop multipliers across Early Adopter, Loyalty, and Loopdrops programs. * **stLOOP Points**: We are tracking stLOOP points based on time-weighted holdings to take into consideration for future utility and governance * **Unstaking:** 7-day cooldown for security and stability. *** By tying unlocks to TVL, allocating most tokens to participants and creating a self-reinforcing flywheel, $LOOP’s tokenomics are built to reward true contributors and drive sustainable growth. # How to Buy **Step 1** - Go to the preferred AMM **Step 2** - Enter the token address below to perform the swap LOOP: 0x00fDBc53719604D924226215bc871D55e40a1009 LHYPE: 0x5748ae796AE46A4F1348a1693de4b50560485562 **Step 3** - Enter the desired swap amount, then swap for LHYPE, WHLP or LOOP 1. LiquidSwap:

Enter desire swap amount, Approve LHYPE

Click Swap

1. HyperSwap:

Enter desire swap amount, Approve LHYPE and click Swap

3. KittenSwap:

Enter desire swap amount, Approve LHYPE

Click Swap

3. Hyperliquid: \[Tutorial coming soon] # How to Deposit & Withdraw A tutorial on how to deposit or withdraw any Looping Collective asset ### Steps to Deposit 1. Go to the Looping Collective App & connect your wallet 2. Select your deposit and receipt asset (i.e. LHYPE, WHLP or LOOP) 3. Enter the amount you would like to deposit, then click "Deposit" (note the transaction fee) 4. Go back to your Looping Collective dashboard to view your newly minted assets
{% hint style="info" %} *Note: You may need to add the token contact addresses for them to appear in your wallet.* {% endhint %} * LHYPE: [0x5748ae796AE46A4F1348a1693de4b50560485562](https://purrsec.com/address/0x5748ae796ae46a4f1348a1693de4b50560485562) * WHLP: [0x1359b05241cA5076c9F59605214f4F84114c0dE8](https://purrsec.com/address/0x1359b05241ca5076c9f59605214f4f84114c0de8) * LOOP: [0x00fDBc53719604D924226215bc871D55e40a1009](https://purrsec.com/address/0x00fdbc53719604d924226215bc871d55e40a1009) * stLOOP: [0x502EE789B448aA692901FE27Ab03174c90F07dD1](https://purrsec.com/address/0x502ee789b448aa692901fe27ab03174c90f07dd1) ### Steps to Withdraw 1. Go to the Looping Collective App & connect your wallet\ 2. Enter the amount you would like to withdraw, then click the "Withdraw" button 3. Select the receipt assets you would like to receive 4. Approve the transaction in your wallet The withdrawal process takes between 1-3 days. Instant withdrawals are available via a variety of DEXs (check the [integrations](/products/loopedhype/integrations) page for list of DEXs) for a small fee. Be vary of potential slippage for large swaps.
After entering the withdrawal amount, you need to select the receipt assets in the drop down below
# How to add Liquidity for $LOOP 1. **LOOP / stLOOP** **HyperSwap LOOP/stLOOP Pool** Use the preferred AMM and the link provided **Step 1** - Ensure the correct token pair is selected

LOOP/stLOOP has been selected

**Step 2** - Set the price range, either selecting preset ranges (default) or custom range (manual)
**Step 3** - Enter desired deposit amounts for LOOP and stLOOP **Step 4** - Approve LOOP, Approve stLOOP, then Add
**KittenSwap LOOP/stLOOP Pool** **Step 1** - Ensure the correct token pair is selected **Step 2** - Select Fee Tier **Step 3** - Set the price range, either selecting preset ranges (default) or custom range (manual) **Step 4** - Enter desired deposit amounts for LOOP and stLOOP **Step 5** - Approve LOOP, Approve stLOOP, then Add
2. **LOOP / LHYPE** **HyperSwap LOOP/LHYPE Pool**
**Step 1** - Ensure the correct token pair is selected
**Step 2** - Set the price range, either selecting preset ranges (default) or custom range (manual)
**Step 3** - Enter desired deposit amounts for LOOP and stole **Step 4** - Approve LOOP, Approve LHYPE, then Add Liquidity
\ \ **KittenSwap LOOP/LHYPE Pool** **Step 1** - Ensure the correct token pair is selected **Step 2** - Select Fee Tier **Step 3** - Set the price range, either selecting preset ranges (default) or custom range (manual) **Step 4** - Enter desired deposit amounts for LOOP and LHYPE **Step 5** - Approve LOOP, Approve LHYPE, then Add
\
3. LETH / LOOP \[Tutorial coming soon]
# LHYPE Builder Codes Integrate LHYPE into your app to acquire users and earn fees ### Product Overview LoopedHYPE (LHYPE) is a yield‑optimizing protocol that loops staking positions on HYPE tokens. Integrators earn fees for every deposit bridged through their unique community code. Users deposit HYPE (native) or HYPE staking tokens (WHYPE, STHYPE, KHYPE) and receive LHYPE tokens that accrue yield over time. Key benefits: * **Maximized yield** via automated looping strategies * **Revenue sharing** through `communityCode` attribution * **Composable token** compatible with DeFi platforms
If you plan to integrate LHYPE, get in touch with the Looping Collective team on Telegram [**@loopingcollective**](tg://resolve?domain=loopingcollective) to further discuss reward options. ### Contract Addresses
ContractAddressDescription
LHYPE (ERC-20)0x5748ae796AE46A4F1348a1693de4b50560485562The ERC20 token and the BoringVault contract that custodies the underlying HYPE and staking positions.
Accountant0xcE621a3CA6F72706678cFF0572ae8d15e5F001c3Returns current exchange rate for LHYPE ↔ HYPE derivatives
Depositor0x6e358dd1204c3fb1D24e569DF0899f48faBE5337Entry point for all deposit operations
Atomic Queue0x228C44Bb4885C6633F4b6C83f14622f37D5112Manages the withdrawal request queue
ContractAddressDescription
WHYPE (ERC‑20)0x5555555555555555555555555555555555555555Wrapped HYPE token
STHYPE (ERC‑20)0xfFaa4a3D97fE9107Cef8a3F48c069F577Ff76cC1Staked HYPE Liquid Staking Token
KHYPE (ERC‑20)0xfD739d4e423301CE9385c1fb8850539D657C296DKinetica HYPE Liquid Staking Token
### Deposit Flow #### Native HYPE Deposit To accept native HYPE, call the `depositNative` function on the Depositor contract: ```typescript const minimumMint = getQuote(AMOUNT, WHYPE) const cc = encodeBytes(COMMUNITY_CODE ?? '') const args = [AMOUNT, minimumMint, ADDRESS, cc] const writeContractProps = { contractAddress: DEPOSIT_CONTRACT, accountAddress: ADDRESS, value: BigInt(depositAmount), abi: DEPOSIT_CONTRACT_ABI as Abi, functionName: 'depositNative', args, gasLimit: 215000n, } ```
ParameterTypeDescription
depositAmountuint256Amount of native HYPE to deposit
minimumMintuint256Minimum LHYPE shares to mint, reverts if minimumMint is too high (not enough slippage deduced from: depositAmount / rate)
toaddressAddress to receive minted LHYPE
communityCodebytes32Byte‑encoded integrator code
#### ERC‑20 Deposits (WHYPE, STHYPE, KHYPE) For wrapped or staked HYPE tokens, approve and then call `deposit`: ```typescript LHYPE.approve(DEPOSIT_CONTRACT, AMOUNT); ``` ```ts const minimumMint = getQuote(AMOUNT, TOKEN_ADDRESS) const cc = encodeBytes(COMMUNITY_CODE ?? '') const args = [TOKEN_ADDRESS, AMOUNT, minimumMint, ADDRESS, cc] const writeContractProps = { contractAddress: DEPOSIT_CONTRACT, accountAddress: ADDRESS, value: 0n, abi: DEPOSIT_CONTRACT_ABI, functionName: 'deposit', args, gasLimit: 300000n, } ```
ParameterTypeDescription
depositAssetaddressERC‑20 token to deposit (wHYPE | stHYPE | kHYPE)
depositAmountuint256Amount of token to deposit
minimumMintuint256Minimum LHYPE shares to mint, reverts if minimumMint is too high (not enough slippage deduced from: depositAmount / rate)
toaddressAddress to receive minted LHYPE
communityCodebytes32Byte‑encoded integrator code
#### Minimum Mint Calculation Compute the minimum number of LHYPE shares to mint, factoring in slippage. If the calculated minimumMint is too high, the deposit call will fail. ```ts const maxSlippage = 0.000001 const quote = new BigNumber(AMOUNT) .times(new BigNumber(1 - maxSlippage)) .div(LHYPE_EXCHANGE_RATE) ``` * `LHYPE_EXCHANGE_RATE` is fetched via `Accountant.getRateInQuote(assetAddress)`. * `maxSlippage` defines your worst acceptable deviation. ### Exchange Rate & Swap vs Mint Before depositing, you may choose between swapping on a DEX or depositing natively: ```ts const rate = accountant.getRateInQuote(WHYPE); ``` Decide based on: 1. **Order size** (large orders may incur DEX price impact) 2. **Market rate** vs **native rate** (if on-chain swap is cheaper) ### Withdrawal Flow **Requesting a Withdrawal** To request a withdrawal from LHYPE into HYPE derivatives (STHYPE or KHYPE), use the Atomic Queue: ```typescript LHYPE.approve(ATOMIC_QUEUE_CONTRACT, AMOUNT); ``` ```ts const threeDays = 5 * DAY_IN_SECONDS const deadline = Math.floor(Date.now() / 1000) + threeDays const atomicPrice = new BigNumber(1 - MAX_SLIPPAGE).times(LHYPE_EXCHANGE_RATE) const args = [ LHYPE, STHYPE, [deadline, ATOMIC_PRICE, AMOUNT, false], ] const writeContractProps: WriteContractProps = { contractAddress: ATOMIC_QUEUE_CONTRACT, accountAddress: ADDRESS, value: 0n, abi: ATOMIC_QUEUE_CONTRACT_ABI, functionName: 'updateAtomicRequest', args, gasLimit: 40000n, } ``` | Parameter | Type | Description | | ------------- | --------- | ------------------------------------------------------------------------------------- | | `offer` | `address` | Asset to withdraw from (LHYPE) | | `want` | `address` | Desired asset (STHYPE or KHYPE) | | `deadline` | `uint64` | Unix timestamp after which the request expires | | `atomicPrice` | `uint88` | Solver price quote | | `offerAmount` | `uint96` | Amount of LHYPE to redeem | | `inSolve` | `bool` | Used during solves to prevent duplicate users, and to prevent redoing multiple checks | * **Solver frequency**: \~10 min * **Min. delay**: 0 days * **Expiry period**: configurable by you (e.g. 5 days) **Querying & Cancelling Requests** * **Fetch pending/fulfilled/cancelled requests** using the Nucleus API: ```bash GET https://backend.nucleusearn.io/v1/protocol/withdrawals ?chainId=999 &vaultAddress=0x5748ae796AE46A4F1348a1693de4b50560485562 &user=0xYourUserAddress &status=all &all=true ``` * **Cancel an existing request** by revoking LHYPE approval or submitting a new request (automatically cancels prior pending request). ### Data Endpoints
MetricEndpointJSON Key
APYhttps://app.loopingcollective.org/api/external/asset/lhypereward_rate
TVLhttps://app.loopingcollective.org/api/external/asset/lhypeassets_under_management
Strategyhttps://backend.nucleusearn.io/v1/vaults/underlying_strategies?vault_address=0x5748ae796AE46A4F1348a1693de4b50560485562various
Exchange Ratehttps://app.loopingcollective.org/api/external/asset/lhypeexchange_rate
*** ### Support If you need integration help, reach out on Telegram: [**@loopingcollective**](tg://resolve?domain=loopingcollective) # wHLP Builder Codes Integrate Wrapped HLP (WHLP) into your app to acquire users and earn fees. ### Product Overview **wHLP** is a tokenized wrapper of HyperLiquidity Provider (HLP). Users mint wHLP and earn HLP trading fees while keeping full DeFi composability on HyperEVM. Integrators earn fees for every deposit attributed to their unique `communityCode`. For CommunityCode flow, **deposits are in USDT0**.
If you plan to integrate wHLP, get in touch with the Looping Collective team on Telegram [**@loopingcollective**](tg://resolve?domain=loopingcollective) to further discuss reward options. ### Contract Addresses
ContractAddressDescription
wHLP (ERC-20)0x1359b05241cA5076c9F59605214f4F84114c0dE8The ERC20 token and the BoringVault contract that that accrues HLP yield
Accountant0x470bd109A24f608590d85fc1f5a4B6e625E8bDfFReturns current exchange rate for wHLP ↔ USDT0 derivatives
Depositor0x340C9f6159ABc2bdfCC0E2b9Fe91D739006b41c1Entry point for community-code deposits
Atomic Queue0x228C44Bb4885C6633F4b6C83f14622f37D5112Manages the withdrawal request queue
ContractAddressDescription
USDT0 (ERC‑20)0xb8ce59fc3717ada4c02eadf9682a9e934f625ebbHyper USD token
### Deposit Flow #### ERC‑20 Deposits (USDT0) The **CommunityCodeDepositor** exposes a single `deposit` function. The **accepted** deposit asset for this flow is **USDT0**. ```typescript USDT0.approve(COMMUNITY_CODE_DEPOSITOR, AMOUNT); ``` ```ts const minimumMint = getQuote(AMOUNT, TOKEN_ADDRESS) const cc = encodeBytes(COMMUNITY_CODE ?? '') const args = [TOKEN_ADDRESS, AMOUNT, minimumMint, ADDRESS, cc] const writeContractProps = { contractAddress: DEPOSIT_CONTRACT, accountAddress: ADDRESS, value: 0n, abi: DEPOSIT_CONTRACT_ABI, functionName: 'deposit', args, gasLimit: } ```
ParameterTypeDescription
depositAssetaddressERC‑20 token to deposit (USDT0)
depositAmountuint256Amount of token to deposit
minimumMintuint256Minimum wHLP shares to mint, reverts if minimumMint is too high (not enough slippage deduced from: depositAmount / rate)
toaddressAddress to receive minted wHLP
communityCodebytes32Byte‑encoded integrator code
#### Minimum Mint Calculation Compute the minimum number of wHLP shares to mint, factoring in slippage. If the calculated minimumMint is too high, the deposit call will fail. ```ts const maxSlippage = 0.000001 const quote = new BigNumber(AMOUNT) .times(new BigNumber(1 - maxSlippage)) .div(WHLP_EXCHANGE_RATE) ``` * `WHLP_EXCHANGE_RATE` is fetched via `Accountant.getRateInQuote(assetAddress)`. * `maxSlippage` defines your worst acceptable deviation. ### Exchange Rate & Swap vs Mint Before depositing, you may choose between swapping on a DEX or depositing natively: ```ts const rate = accountant.getRateInQuote(USDTO); ``` Decide based on: 1. **Order size** (large orders may incur DEX price impact) 2. **Market rate** vs **native rate** (if on-chain swap is cheaper) ### Withdrawal Flow **Requesting a Withdrawal** To redeem wHLP back to **USDT0**, submit/modify a request via the **Atomic Queue** (UCP). Solvers process requests periodically. ```typescript WHLP.approve(ATOMIC_QUEUE_CONTRACT, AMOUNT); ``` ```ts const threeDays = 5 * DAY_IN_SECONDS const deadline = Math.floor(Date.now() / 1000) + threeDays const atomicPrice = new BigNumber(1 - MAX_SLIPPAGE).times(WHLP_EXCHANGE_RATE) const args = [ WHLP, USDT0, [deadline, ATOMIC_PRICE, AMOUNT, false], ] const writeContractProps: WriteContractProps = { contractAddress: ATOMIC_QUEUE_CONTRACT, accountAddress: ADDRESS, value: 0n, abi: ATOMIC_QUEUE_CONTRACT_ABI, functionName: 'updateAtomicRequest', args, gasLimit: } ``` | Parameter | Type | Description | | ------------- | --------- | ------------------------------------------------------------------------------------- | | `offer` | `address` | Asset to withdraw from (wHLP) | | `want` | `address` | Desired asset (USDT0) | | `deadline` | `uint64` | Unix timestamp after which the request expires | | `atomicPrice` | `uint88` | Solver price quote | | `offerAmount` | `uint96` | Amount of wHLP to redeem | | `inSolve` | `bool` | Used during solves to prevent duplicate users, and to prevent redoing multiple checks | * **Solver frequency**: \~10 min * **Min. delay**: 0 days * **Expiry period**: configurable by you (e.g. 5 days) **Querying & Cancelling Requests** * **Fetch pending/fulfilled/cancelled requests** using the Nucleus API: ```bash GET https://backend.nucleusearn.io/v1/protocol/withdrawals ?chainId=999 &vaultAddress=0x1359b05241cA5076c9F59605214f4F84114c0dE8 &user=0xYourUserAddress &status=all &all=true ``` * **Cancel an existing request** by revoking wHLP approval or submitting a new request (automatically cancels prior pending request). ### Data Endpoints
MetricEndpointJSON Key
APYhttps://app.loopingcollective.org/api/external/asset/whlpreward_rate
TVLhttps://app.loopingcollective.org/api/external/asset/whlpassets_under_management
Strategyhttps://backend.nucleusearn.io/v1/vaults/underlying_strategies?vault_address=0x1359b05241cA5076c9F59605214f4F84114c0dE8various
Exchange Ratehttps://app.loopingcollective.org/api/external/asset/whlpexchange_rate
*** ### Support If you need integration help, reach out on Telegram: [**@loopingcollective**](tg://resolve?domain=loopingcollective)