Wrapped HLP

Description sourced from DeFiLlama's protocol metadata; teams submit their own copy when listing.

DeFiLlama publishes the exact rules used to aggregate on-chain balances into the headline TVL figure shown on this page. The methodology below is the team's own source-of-truth description.

The total USD value of assets in strategy positions held by the wHLP vault.

If a contract or vault isn't in this list, its balance does not contribute to the TVL displayed on Mantapex or DeFiLlama.

Wrapped HLP's governance or utility token carries a market capitalisation of $2.2M based on circulating supply at the latest DeFiLlama snapshot. Token market cap ($2.2M) and TVL ($2.2M) trade close together, giving a mcap/TVL multiple of 1.00× — broadly the range market participants treat as "fair" for an established DeFi protocol.

Market cap and supply figures are sourced from DeFiLlama's price feed (which reconciles CoinGecko, CoinMarketCap, and on-chain DEX prices). Treasury and staking values reflect on-chain balances controlled by the protocol at last sync.

Wrapped HLP is published as a versioned release inside the Looping Collective protocol family. Releases inside the same family typically share governance, brand, and large parts of the audit history, but each version can run materially different contract logic — a release labelled v2 or v3 is not just a UI refresh. Newer versions inside a family typically launch with their own audit cycle and parameter set, so do not assume the previous release's safety record carries over without checking the linked audit reports.

Fork lineage and parent-protocol relationships are tracked by DeFiLlama for security and audit-history attribution; a fork inherits the upstream design but not necessarily the upstream audits or governance.

Wrapped HLP is a versioned release inside a larger protocol family. View the parent for combined TVL and all sibling versions.

Major events flagged by the DeFiLlama community — protocol launches, exploits, governance changes, and incentive programs.

1. Oct 27, 2025
   Listed on DeFiLlama

Wrapped HLP operates in the Yield category of DeFi. It is deployed on Hyperliquid L1. The codebase has been independently audited (1 report on file).

Wrapped HLP is a single-chain protocol, deployed exclusively on Hyperliquid L1 — this concentrates execution risk but simplifies the trust model. Only one audit report is currently listed; users should weigh that against the protocol's TVL before depositing significant amounts. Token market cap ($2.2M) and TVL ($2.2M) trade at a ratio of 1.00, in the range generally considered normal for an established DeFi protocol.

Verified external resources for Wrapped HLP — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.

Wrapped HLP is one of 7 Yield protocols Mantapex tracks in this category. Direct peers ranked by total value locked include Pendle, Spark Savings, Convex Finance, and 3 more. These peer protocols collectively secure $5.2B in deposits, giving you a frame of reference for whether Wrapped HLP's own TVL is at the top, middle, or tail of the category.

Pendle

TVL $2.3B · 24h +0.37%

Spark Savings

TVL $1.4B · 24h +0.35%

Convex Finance

TVL $722.7M · 24h +0.66%

Multipli.fi

TVL $342.7M · 24h -0.01%

Strata Markets

TVL $259.5M · 24h +0.70%

infiniFi

TVL $177M · 24h +1.74%