Wrapped HLP
Last updated
Last updated
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: 8-18% Performance Fee: 10% Accepted Assets: USDHL, USDT0, wHYPE, UBTC, UETH Management: Nucleus Frontend: HyperLend, Staking Rewards Token Contract Address: 0x1359b05241cA5076c9F59605214f4F84114c0dE8
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.
USDHL, a Hyperliquid-native stablecoin backed by U.S. Treasury holdings, functions as the official medium for both depositing into and redeeming from the WHLP vault. By utilising USDHL—which yields approximately 4 % APY, with 2 % accruing to market makers on the Hypecore protocol and 2 % to automated market makers—WHLP can attain superior overall returns compared to pools accepting alternative stablecoins. Moreover, WHLP acts as one of the principal liquidity providers for the USDHL/USDC trading pair on Hypecore, ensuring robust swap capacity. All HYPE incentives earned through these activities are reinvested into WHLP, compounding yields for token holders.
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
