LoopedHYPE is a DeFi protocol on Hyperliquid that maximizes yield on staked HYPE through an automated looping strategy, issuing LHYPE as a Liquid Looping Token to represent staked assets and accrued rewards. The loopedHYPE (LHYPE) community is now able to register for the Phase 1 LOOP airdrop, rewarding early adopters who held LHYPE before the snapshot on March 8, 2025. If you qualified by holding, staking, LPing, or deploying LHYPE when the protocol hit $5M TVL, you’re entitled to a pro-rata share of 4% of the total 1B LOOP supply. To claim, simply visit the claim page, enter your wallet, and you’re set. The airdrop (delivered in staked form with a 7-day unstake) will arrive between May 19–23, 2025. Registration closes May 18, 23:59 UTC!

Network

Ethereum