Ethena Labs has partnered with Nunchi to launch nHYPE, a new liquid staking token designed to support Nunchi’s HIP-3 market deployment on Hyperliquid.
Set to debut on November 28, nHYPE enables users to stake HYPE on a 1:1 basis while keeping their capital liquid and productive.
The token helps syndicate the large HYPE bond required to launch Nunchi’s Yield Exchange, a platform for trading yield-based perpetual contracts.
nHYPE aims to solve Hyperliquid’s capital lockup issue, which has made market deployment costly and inefficient for new protocols.
You need to login in order to Like
Leave a comment