@shilongzhao
Liquid Staking for HYPE is officially live via
Introducing mHYPE: A yield-bearing liquid staking token that represents staked HYPE.
Stake HYPE now and mint mHYPE:⤵️
https://hyperliquid.magpiexyz.io/stake
mHYPE allows users to earn staking rewards for securing the
network while retaining liquidity and enhancing capital efficiency.🫧
How it works?👀
▫️ Users stake HYPE through Hyperpie, receiving mHYPE, while Hyperpie stakes the HYPE into Hyperliquid.
▫️ mHYPE gradually increases in value relative to HYPE as staking rewards accumulate.
By holding mHYPE, HYPE stakers automatically accumulate Hyperpie Drops every hour, unlocking access to HPP tokens.🌧️
Note: mHYPE unstaking will be available within the next 2 weeks.⚙️
HYPE Liquid Staking is just the start—join us in staking, liquidity, and Hyperliquid governance with mHYPE.💯