USDhl Lending

Once you deposit USDHL on HyperEVM, it is bridged and converted to USDC (at or above $1.00), then automatically deposited into the HLP vault within 24 hours. In return, you receive WHLP tokens representing your share of the vault and its performance.

When redeeming WHLP, withdrawals follow a structured process to ensure liquidity and accurate asset delivery:

Step 1: Connect to the Terminal with your HyperEVM wallet.

Step 2: Users request WHLP redemption at any time.

Step 3: Up to 20% of the total vault NAV can be withdrawn daily to fulfill redemption requests.

Step 4: The Manager converts USDC into the stablecoin requested by the user.

Step 5: Converted assets are bridged back to HyperEVM and distributed directly to users.

No, you can unstake at any time. However, when in high demand, the withdrawal can take up to 5 days processing time when requests exceed 20% of vault deposits.

WHLP supports EVM-compatible wallets, including Metamask, Rabby, OKX Wallet (all with Ledger support), Coinbase & OneKey (both with OneKey HW).

WHLP captures and tokenizes HLP yield for DeFi composability and liquidity.

HLP is a community-owned vault on Hyperliquid that passively earns yield through:

• Market Making: Earns the spread by quoting buy/sell orders around a fair price.
• Liquidations: Profits from penalties by backstopping liquidated positions.
• Trading Fees: Collects a portion of trading fees from traders.

Yes, WHLP holders earn LOOP points by default, which makes them eligible for 3 different airdrops.

• Early Adopter Program
• Loyalty Rewards (Airdrops from Buy-backs) - must also hold min 5000 stLOOP