LOOP is the engine powering all Liquid Looping products. It’s a token flywheel that fuels the growth of the Looping Collective ecosystem. With the initial distribution of tokens we are distributing the token into the hands of everyone that is helping to bootstrap the initial TVL of all looping products.
In order for LOOP to function as a flywheel we need to ensure that LOOP remains in the hands of everyone that is contributing to the success of the looping products today.
LOOP holders are inclined to stake LOOP to unlock more benefits and multipliers.
LOOP is the token flywheel for LHYPE and all future Liquid Looping Tokens (loopedETH, loopedBTC and more).
Automatic buy-backs: We take 10% of performance fees from LHYPE and future Liquid Looping Tokens (LLTs) to buy LOOP back on the open market, driving demand and rewards.
How it works:
Stake LOOP (stLOOP) to get a multiplier on 3 different kinds of airdrops:
In short, LOOP is the growth engine that rewards you for powering up the whole Liquid Looping universe.
At a future date, LOOP will serve as the governance token for all Liquid Looping Tokens.
LOOP is listed at the HyperLiquid Exchange and other Hyperliquid AMM DEXs.
You can also get LOOP tokens airdroped by participating in the Looping Collective ecosystem, holding Liquid Looping tokens(like loopedHYPE).
Each airdrop phase is triggered by reaching certain TVL milestones for all Liquid Looping tokens in the ecosystem.
StakedLOOP (stLOOP) is the liquid receipt token that you get when staking LOOP.
This token will determine your rewards, based on which Looping Mode you fall into.
By staking LOOP you can unlock a higher points multiplier. Points will translate into a boosted airdrop for each phase of the Early Adopter Program and also for a boost in any LoopDrops allocation.
Daily snapshots of stLOOP are taken to determine the Looping Mode for each individual wallet that stakes LOOP. Based on the Looping Mode for that day, the user will unlock a points multiplier, as outlined in the table below.
The Looping Mode unlocks distribution boosts for phase 1 to 6 from the early adopter program as well as distribution boosts for the LOOP Assistance Fund Redistribution.
At a future date, LOOP will serve as the governance and utility token of the Looping Collective. It will give ecosystem players and depositors the agency to make important protocol decisions, prioritized access and bonus in point multipliers for loopedHYPE and subsequent products.
LOOP has a total supply of 1,000,000,000 tokens.
LOOP is the engine powering all Liquid Looping products. It’s a token flywheel that fuels the growth of the Looping Collective ecosystem.
LHYPE holders are incentivized to stake LOOP for benefits and multipliers, fueling ongoing ecosystem growth.
A user can stake LOOP to unlock multipliers for 3 different types of airdrops:
Early Adopter Airdrop - Up to 3x Multiplier
6 phases of airdrops. Each phase is unlocked when cumulative TVL milestones are reached across all Liquid Looping Tokens (LHYPE & others).
Loyalty Airdrops (Buy-backs) - Up to 3x Multiplier
A 10% performance fee on LHYPE will be stored in the Loyalty Fund and distributed to LHYPE holders at a regular cadence (frequency TBD).
Loyalty Airdrops - Up to 3x Multiplier
LoopDrops (Airdrops from LHYPE’s underlying protocols)
The utility of LOOP will expand over time. At a future date, LOOP will serve as the governance token for all Liquid Looping Tokens.
StakedLOOP (stLOOP) is the liquid receipt token that you get when staking LOOP.
This token will determine your points multiplier, based on which Looping Mode you fall into.
By staking LOOP you can unlock a higher points multiplier. Points will translate into a boosted airdrop for all airdrop allocations (Early Adopter, Buy-backs, LoopDrops).
Daily snapshots of stLOOP are taken to determine the Looping Mode for each individual wallet that stakes LOOP. Based on the Looping Mode for that day, the user will unlock a points multiplier, as outlined in the table below.
The Looping Mode unlocks distribution boosts for phase 1 to 6 from the early adopter program as well as distribution boosts for the LOOP Loyalty Fund airdrops.
LOOP is listed at the HyperLiquid Exchange and other Hyperliquid AMM DEXs, such as Hyperswap and Kittenswap.
You can also get LOOP tokens airdropped by participating in the Looping Collective ecosystem, holding Liquid Looping Tokens (like LHYPE).
For a quick guide on how to stake / unstake, you can follow this tutorial.
Note: LOOP unstaking goes live on 23 May.
LOOP has a total supply of 1,000,000,000 tokens.
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