LoopDrops
Overview
LoopDrops is a feature of LHYPE that automatically farms and distributes airdrops to LHYPE holders. By leveraging the protocol's underlying DeFi activities across the HyperEVM ecosystem, LHYPE holders benefit from multiple airdrops without having to actively manage positions themselves.
How It Works
When HYPE tokens are deposited to loopedHYPE, they are first liquid staked, then subsequently used in AutoLoop, the protocols automated looping strategy. Points from partner protocols accrue to the LHYPE contract address from underlying DeFi activities such as:
Staking via Liquid Staking Protocols (stHYPE, kHYPE)
Looping via Lending Protocols (Hyperlend, Hypurrfi, Felix)
Swaps via DEXs
100% of airdrops allocations will be distributed to LHYPE holders, pro-rata.
Note: This will include HYPE season 2 airdrop, if distributed to LHYPE contract address.
Airdrops will be either:
Distributed directly back to LHYPE holders proportionate to their holdings
Added to the vault to increase the base APY for all LHYPE holders
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 tokens in your wallet. The amount of airdrops you receive will be proportional to your holdings and duration of holding.
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