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:
Staking via Liquid Staking Protocols
Looping via Lending Protocols
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.
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.
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