hwHYPE is home for true $HYPE believers.
Here's how the vault delivers sustainable yield to compound returns over the long-term, whatever the market may bring.
1/6
$hwHLP was October's standout performer.
• Trump tariff shock triggered record liquidations
• $40M+ flowed to HLP (~30% of all-time PnL)
• APR hit 3,900% as exchange rate up ~10%
• $2M paid to holders in one day
• YT holders ate big
What's taking the crown in November?
325,800 $HWAVE was bought back today and distributed to $GWAVE holders.
In total, buybacks have now reduced the circulating supply by ~0.4% over two days!
gWAVE was a mechanism we designed to extend on the Hyperliquid Assistance Fund
gWAVE at its core is a vault that transitions protocol ownership from the jeeters to the diamond hands
How does it work?
1. 100% of Protocol Revenues will go back into buying back HWAVE
2. Bought back HWAVE flows into the GWAVE Vault increasing the amount of HWAVE backing each GWAVE over time
Entering and exiting GWAVE is limited to the start and end of each 12 week season. As more and more HWAVE is bought back protocol ownership shifts to GWAVE holders, the most dedicated and strongest believers in the Hyperwave Team and narrative
With our TGE, Hyperwave will turn on our fee switch of 10% on the performance of our vaults. I collated some numbers below on Hyperwaves performance over the past months from @DefiLlama to illustrate the potential impact of GWAVE on HWAVE tokenomics. Note I left out October due to the outsized performance of hwHLP
Hyperwave doesn't need to return to Fundamentals, we are already there
hyperliquid
4 in 1 airdrop farm with @Hyperwavefi
their HYPE vault is among the top performers, earning around 10% APR on average for the past 30 days
while farming points for felix, hyperlend, hypurrfi, and wave
hwHLP is their most popular product by far
the first tokenized version of HLP, that captures the same yield while keeping you liquid and also farms wave points.
they also offer a stablecoin vault earning 11% APR and wave points.
i partnered with them for this post, but i genuinely think these are high-end products that you can profit from.
New to Hyperwave?
Here's what you should know:
1. Hyperwave vaults are best-in-class
2. We launched the leading HLP token
3. We're building the House of Payments
4. Hyperwave revenue will be shared via GWAVE
5. Much more is in store (builder codes + AI = ???)