Mirko

LoopedHYPE (LHYPE) is now live! Earn ~10% APY on your HYPE with one-click. Deposit now ↓ stakingrewards.com/stake-app?inpu… LHYPE is the first Liquid Looping Token. Deposit HYPE to get LHYPE, which represents your staked HYPE (stHYPE) including any associated network rewards, MEV, airdrops, and yield generated from AutoLoop, LHYPE’s automated looping engine. How does LHYPE work? Behind the scenes, your HYPE deposit is used to mint stHYPE. You can choose to attribute your stake directly to any of LHYPE’s Phase 1 validators, inc. @Nansen_ai & @Hypurr_co, @asxn_r, @validaoxyz & @B__Harvest. If you don’t select any preference, the stake will be attributed between all validators equally. Your stHYPE is then looped (recursively staked) via our partner lending protocols such as @hypurrfi, @hyperlendx & @felixprotocol. The looping strategy is fully automated via AutoLoop, which dynamically adjusts leverage (3x–15x) based on real-time staking APYs and borrowing costs. With continuous monitoring, AutoLoop recalculates optimal leverage, deleveraging if loan-to-value (LTV) ratios exceed safe thresholds or ramping up when APYs outpace borrowing rates. AutoLoop is calibrated by professional risk curators to ensure all LHYPE holders get the best risk-adjusted returns. Early Adopter Program LHYPE is backed by a separate governance & utility token, 90% of which will be distributed between ecosystem players and depositors. Early Adopters will earn a share of 4% of token supply for cap 1 only. ONLY WHITELISTED WALLETS ARE ELIGIBLE FOR EARLY ADOPTER REWARDS. Whitelist your wallet (here loopedhype.com/waitlist) then deposit any amount up to 4200 HYPE to automatically qualify for the program. A New Dawn for DeFi on HyperEVM A rich ecosystem of structured products will be built on the HyperEVM, using Hyperliquid LSTs such as @stakedhype & @kinetiq_xyz as a backbone. LHYPE is proud to step into the ring to deliver the best risk-adjusted returns, using staked HYPE as a collateral. In the coming days and weeks, LHYPE will be enabled across a variety native dApps built on HyperEVM. From today you can already stake and unstake LHYPE with @hyperswap. app.hyperswap.exchange/#/stake/LHYPE This is just the beginning. Hyperliquid.

Hyperliquid just flipped BNB Chain to become the #3 chain by Staking Market Cap. $17.96B worth of $HYPE staked, 45.08% of supply

Perps eating global financial markets is the highest conviction thesis I’ve had in my 4 years since starting Syncracy. If we’re right, the sector could produce $350B+ in value over the next 5 years, with the winning chain becoming one of the largest platforms in global finance. As shared in our OG Hyperliquid thesis released over a year ago, we believe $HYPE is the fastest horse in this race. While many skeptics view platforms like Hyperliquid as products of regulatory arbitrage, over time we believe they will come to be understood as a fundamental transformation of the global trading stack. What was once a fragmented world of brokers, exchanges, clearinghouses, among other intermediaries, is giving way to integrated trading systems that are continuously margined, atomically settled, globally accessible, and permissionless to build on. The case isn’t just theoretical as early signs of disruption are already visible in the data. In the early months of perps’ “real world asset” expansion they’re already impacting global financial markets — most recently functioning as a price discovery engine on weekends for oil during the Iran conflict. We believe this is only the beginning and that perps will absorb an increasing share of leveraged directional trading that today lives in retail options, CFDs, and fixed-tenor futures. Even low single-digit penetration of these markets could produce dramatic outcomes for the sector. In parallel, it remains under-appreciated how quickly DEXs like Hyperliquid have emerged as leaders in equity and commodity perps. Should DEXs continue scaling these markets, it will accelerate their share gains from the likes of Binance and Coinbase while also positioning them to challenge legacy derivatives venues such as CME, who will struggle to compete due to regulatory and architectural incompatibilities. Finally, as decentralized venues lead the growth of perps, we believe they will also expand into adjacent categories. Perps are the hardest product to nail on blockchains and once a blockchain can successfully host perps it naturally starts to aggregate other crypto use cases as a byproduct. We are already seeing early evidence of this with Hyperliquid’s expansion into spot trading and stablecoins, and soon prediction markets and options. It’s in this sense that perpetual DEXs are also Trojan horses for the financial platform of the future. —— Enjoyed writing this one with @defi_monk who was the first sell-side analyst to cover Hyperliquid in summer 2024 and among the leading thinkers on the sector. Hope you all enjoy what is a very detailed and data-driven piece that was a long time in the making.

LHYPE is now enabled as collateral in the HypurrFi Yield markets with 3x points on deposit, 74% LTV on $HYPE borrows, and other assets available for borrowing. Lenders, come support the @looping_col borrowers with good yield on all of these assets in the Yield cluster.

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Announcing Staking Rewards DeFi Ratings On-chain yield is exploding, but many vaults look identical: same APY, same infra — until a stress event hits. One walks away. One blows up. Our new AAA–D DeFi Ratings answer one question for every vault: “What is the risk of losing my position?” We map ~90 questions across 3 main categories and 12 sub-categories into a single rating, using an open-standard framework developed in alignment with the DeFi Risk Alliance. Built for builders, integrators, insurers, asset managers, and institutions who want transparent, comparable risk on opaque on-chain yield products. Read the docs: docs.stakingrewards.com/defi-ratings/

We’ve raised a $5M seed round led by @variantfund and @cbventures to build Solana’s first market for term-based staking. Staking is evolving beyond set-and-forget delegation. Validators and stakers need clear terms, predictable rewards, and real price discovery.