Looping Collective

The Looping Collective transforms fragmented DeFi yield opportunities into unified, high-performing Liquid Looping Tokens (LLTs) on HyperEVM. Users deposit native assets (HYPE, USDT0, BTC wrappers) and receive composable receipt tokens — loopedHYPE (LHYPE), Wrapped HLP (wHLP), and loopedBTC (LcBTC) — that automatically execute recursive staking or vault-based strategies, delivering amplified yields while retaining full on-chain liquidity and DeFi interoperability.

The Looping Collective runs three main vaults that generate yield in different ways. Each vault issues a Liquid Looping Token (a receipt token you can use elsewhere in DeFi) that automatically earns returns for you.

loopedHYPE (LHYPE) — The Staking Loop

You deposit HYPE or stHYPE (staked HYPE) and get LHYPE tokens. Behind the scenes, an automated system called AutoLoop runs a recursive staking loop up to 3×–15× leverage: it stakes HYPE into a liquid staking protocol (getting stHYPE), supplies that stHYPE as collateral on a lending platform to borrow more HYPE, then stakes the borrowed HYPE again — repeating the cycle. A Risk Curator adjusts the leverage level based on whether staking rewards are higher or lower than borrowing costs.

LHYPE earns you both:

• Native staking rewards from the underlying staked HYPE
• Extra looping yield from the leveraged strategy

A 20% performance fee applies (already built into the APY you see). Of that fee, 10% is used to buy back $LOOP tokens on the open market to fund Loyalty Rewards. When you withdraw, there is a 0.04% fee and your withdrawal request expires after 5 days.

Wrapped HLP (wHLP) — HLP Vault Exposure

You deposit USDT0 (or swap any asset into the vault) and receive wHLP tokens. Each wHLP represents a share in a vault that deposits into HLP (Hyperliquidity Provider) — a permissionless vault on Hyperliquid that acts as a market maker across all trading pairs. HLP earns money from trading fees, funding rates, and trader losses, and also backs up liquidations.

The vault automatically bridges funds to HyperCore, converts them to USDC, and deposits into HLP once every 24 hours. wHLP starts at roughly $1.00 and grows as HLP yields accumulate.

A 10% performance fee applies. You can withdraw up to 20% of total deposits per day; larger requests may take up to 5 days. A 0.04% withdrawal fee also applies.

loopedBTC (LcBTC) — Coming Soon

You deposit Bitcoin wrappers (cbBTC or wBTC), which act as collateral on Aave or Morpho at up to 50% loan-to-value. The stablecoins you borrow are deployed across lending markets on HyperEVM. Extra yield comes from a Hyperliquid Basis Trade and the HLP vault. An automated cross-chain arbitrage system captures 8–15% rate differences between lending markets. All returns are converted back and paid in BTC. A 20% performance fee applies.

$LOOP Token Flywheel (Across All Products)

Staking $LOOP gives you stLOOP, which unlocks multipliers on airdrops across the Early Adopter, Loyalty, and LoopDrops programs.

A fixed 10% of all product performance fees is used to buy back $LOOP on the open market. Those tokens go into the Loyalty Rewards Fund and are automatically airdropped every Friday to eligible users — anyone who holds a LHYPE or wHLP position plus at least 5,000 stLOOP.

$LOOP has a fixed maximum supply of 1 billion tokens. Tokens unlock gradually as the protocol's total value locked (TVL) hits milestone targets (phases from $5M to $1B+). The allocations are: 45% to Early Adopter airdrops, 20% to Launch Partners, 15% to Loyalty, 10% to the Collective Fund, and the remainder to private sales and liquidity.