Hyperpie Staked mHYPE (MHYPE)

Hyperpie Staked mHYPE (MHYPE) is a cryptocurrency designed to maximize DeFi yields and enhance the profitability of liquidity provider (LP) tokens. By utilizing various liquidity pools on platforms like Cakepie, it achieves diverse annual percentage rates (APRs), ranging from 6.86% for WBTC-MBTC pairs to an impressive 34.70% for PENDLE-MPENDLE pairs. With a total market capitalization of $13 million and a total value locked (TVL) of approximately $751 million, Hyperpie Staked mHYPE stands out as a significant player in the decentralized finance landscape, attracting around 68,000 active users.

The Hyperpie ecosystem enables participants to engage with its SubDAO model, where users can lock MGP tokens to earn rewards and gain early access to future initial DEX offerings (IDOs). This innovative approach not only increases capital efficiency but also empowers users to have a say in governance decisions related to the ongoing development of the ecosystem. The asset allocation demonstrates a robust structure aimed at securing a rewarding experience for those who actively participate by locking their MGP, with a treasury allocation of $6.20 million.

As part of the broader Magpie ecosystem, Hyperpie Staked mHYPE benefits from comprehensive auditing and a commitment to security, ensuring a reliable environment for users. The project’s dedication to maximizing capital efficiency and LP token profitability aligns with the goals of engaging and rewarding its user base. With its ongoing initiatives and a clear roadmap, Hyperpie Staked mHYPE is poised to make a lasting impact within the DeFi sector.