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Great thread on the design behind stHYPE (stHYPE) AMM, joint work between Valantis Labs Thunderhead . Another essential point behind the design: stHYPE AMM LPs become first-class citizens in stHYPE's LST protocol. Traditionally, new native token deposits for an LST

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Novel work by a talented team with a clear vision. The value added to stakedHYPE and Hyperliquid as a whole cannot be understated.

Another DeFi integration supporting stHYPE goes live! LoopedHYPE supports your Staked HYPE network rewards and additional yield that accrues from the protocol's automated looping strategy. Be sure to read the docs. Stay Liquid.

We've crossed 100K $HYPE Total Value Locked in under 4 days. stHYPE AMM is currently the second largest onchain liquidity source for stHYPE, and the third largest for any HYPE LST.

Build with stHYPE

stHYPE has just hit $100m TVL. stHYPE is the largest application on Hyperliquid by TVL and the most widely integrated across the ecosystem. stHYPE is a major use-case for nearly every protocol on the HyperEVM. We thank you for your support and look forward to continued

Valantis on the HyperEVM has only scratched the surface. The Modular DEX is fit for The Hyperliquid Stack. There will be more pools, all custom-built to leverage what makes Hyperliquid special.

New collateral type added: staked HYPE Users can now mint $USH using stHYPE's wstHYPE as collateral, with a minting cap of $2.5mm. The $USH minting bonus acts as a rebate on interest payments and is currently valued at 2.40% APR (claimed as $vePEG).

StakedHYPE Community Update. Usage has been incredible so far. - $400m TVL - 85%+ stHYPE usage in DeFi - Largest app by TVL on HyperEVM - Largest asset by TVL in every protocol on HyperEVM Thank you Hypesters. Hyperliquid. 🧵