Hyperliquid Ecosystem

<p>LHYPE is the Liquid Looping Token (LLT). LHYPE is issued as a receipt token when a user deposits into the Looped HYPE protocol. LHYPE represents a users staked HYPE and accrues any network rewards from staking and looping rewards via AutoLoop, loopedHYPE's automated looping strategy.</p><p>Looped HYPE protocol allows to users deposit HYPE to get LHYPE (stHYPE &amp; kHYPE), then behind the scenes the protocol uses an automated looping strategy to generate additional yield, on top of any network rewards earned from staking. </p>

Looped HYPE

LHYPE is a Liquid Looping Token HYPE by Looped HYPE protocol on the HyperEVM.  when a user deposits into the Looped HYPE protocol. 

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Paxos has submitted a proposal to support Hyperliquid’s launch of the USDH stablecoin on its platform.

CryptoPolitan

Paxos backs Hyperliquid with proposal to support USDH stablecoin launch

Looped HYPELHYPE

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Paxos backs Hyperliquid with proposal to support USDH stablecoin launch