> For the complete documentation index, see [llms.txt](https://docs.loopingcollective.org/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.loopingcollective.org/products/loopedhype.md).

# LoopedHYPE

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)<br>

***\* 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)*.*


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