Use your capital across all of DeFi while staying 100% liquid & earning HLP funding rate.
Because tHLP appreciates versus USDC, it can amplify returns or lower collateral costs across DeFi with maximal flexibility.
- Money markets: supply tHLP to earn vault yield on top of lending APY.
- Leverage loops: borrow USDC against tHLP, re‑deposit to increase exposure.
- Staking wrappers: stake tHLP in distributor contracts to earn external rewards.
- DEX liquidity: pair tHLP with stablecoins or volatile assets for compounded yield.
Access to all of DeFi across Hyperliquid & stay 100% liquid while earning HLP funding rate.
Trade your tHLP on

Hyperswap
Loop your tHLP with

Sysiphus
Stake your tHLP for yield with

Felix
Deposit now to get first dibs on our Points program and exclusive access to future products.