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The Phase-2 airdrop was distributed to 3,838 registered wallets that held LHYPE/WHLP or provided liquidity before the June 16 snapshot and registered by July 16, 2025.
The first of six Early Adopter Program airdrops was distributed (in unstaked form) to holders of LHYPE before the March 8, 2025 snapshot, with the staking UI going live at the same time.
The project announced the LOOP token (contract 0x00fDBc53719604D924226215bc871D55e40a1009) as the governance token for LHYPE and future Liquid Looping Tokens, with TVL-milestone-based vesting and a 10% performance fee used for buybacks.
The protocol went live, letting users deposit HYPE to receive LHYPE, which represents staked HYPE plus an automated looping strategy targeting ~10% APY.