Task Description

LoopedHYPE Airdrop has started, giving HYPE token holders a structured way to earn rewards.

LHYPE currently holds the #1 position in points programs for HyperLend and HypurrFi. The protocol confirmed that 100% of airdrops earned through these points go back to LHYPE holders based on their accrued LOOP points.

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The system tracks daily token holdings and staked balances, then calculates allocations for Early Adopter, Loyalty, and LoopDrops programs. When total value locked (TVL) milestones are reached, the protocol distributes rewards proportionally to participants’ accumulated points.

Source: LoopedHYPE X
Source: LoopedHYPE X

LoopedHYPE Protocol and Airdrop Details

LoopedHYPE is a yield optimization protocol on the Hyperliquid blockchain. It issues LHYPE, a token representing staked HYPE combined with automated leverage. The protocol adjusts leverage ratios automatically between 3x and 15x depending on staking APYs and borrowing costs. This system manages positions without requiring users to manually adjust leverage.

The LoopedHYPE Airdrop allocates up to 45% of the LOOP token supply for Early Adopter participants. Users earn points daily, and the protocol determines their airdrop size when TVL milestones are reached. Phase 1 targeted $5 million TVL and unlocked 5% of the total supply. Subsequent phases progressively unlock larger portions up to 10% at $1 billion TVL.

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In addition, participants earn rewards through the Loyalty Program and LoopDrops. The Loyalty Program requires holding at least 5,000 stLOOP, and LoopDrops distribute tokens earned from underlying protocol farming activities. Staking LOOP increases multipliers, which apply to all three reward programs.

How Users Can Participate in the LoopedHYPE Airdrop

1. Access the Looping Collective app
Use the official platform to manage LHYPE, WHLP, and LOOP tokens. Join the waitlist for loopedBTC or loopedHLP if interested.

2.Deposit and Hold LHYPE Tokens
Deposit HYPE into LoopedHYPE to mint LHYPE. By holding LHYPE, the system automatically awards points each day.

3. Deposit USDhl for WHLP
Holding WHLP increases points for Early Adopter and Loyalty rewards.

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4. Stake LOOP Tokens
 Participants mint stLOOP to apply multipliers to points.

5. Use LHYPE and WHLP in DeFi Protocols
Participants engage with HyperSwap, HypurrFi, Kittenswap, Laminar, and other supported platforms to earn extra points.

6. Track Daily Points
The protocol tracks points snapshots to determine allocations at each TVL milestone.

7. Increase Multipliers
Larger stLOOP holdings unlock higher multipliers for all airdrop programs.

8. Receive Rewards
The protocol distributes Early Adopter rewards at TVL milestones, Loyalty rewards weekly, and LoopDrops based on farming earnings.

LoopedHYPE Airdrop Distribution and Milestones

The protocol distributes rewards as TVL targets are reached:

  • Phase 1: $5M TVL → 5% of LOOP supply unlocked

  • Phase 2: $50M TVL → 6% unlocked

  • Phases 3–6: Incrementally higher unlocks up to 10% at $1B TVL

The system sums points from LHYPE, WHLP, and stLOOP daily. Then, it calculates final allocations proportionally to points at milestone snapshots. In addition, the protocol distributes 500,000 LOOP weekly to eligible stakers through Loyalty Rewards. LoopDrops send tokens earned from protocol farming based on accumulated points.

FAQs

Who is eligible for the LoopedHYPE Airdrop?
Holders of LHYPE, WHLP, or stLOOP tokens. Participation in Early Adopter, Loyalty, or LoopDrops requires points earned from holding or staking these tokens.

How are airdrop points calculated?
The system calculates points daily based on LHYPE, WHLP, and stLOOP holdings. Participants with more tokens and larger stLOOP stakes earn more points. Then, the protocol determines each participant’s share at TVL milestones.

How can I increase my airdrop rewards?
Stake LOOP to earn multipliers, hold LHYPE/WHLP in supported DeFi protocols, and maintain token holdings over time.

When are airdrops distributed?
Early Adopter rewards follow TVL milestones. Loyalty rewards are distributed weekly. LoopDrops are sent based on protocol earnings and points.

Is staking required?
Staking LOOP is optional but increases points and multipliers. Holding LHYPE or WHLP alone still earns base points.