Ethena Labs Partners with Nunchi on nHYPE Launch to Enhance HYPE Liquidity on Hyperliquid

The Ethena Labs and Nunchi partnership launches nHYPE, a liquid staking token (LST) that converts locked Hyperliquid HYPE bonds into tradable ERC-20 assets. This enables community participation in HIP-3 market deployments while maintaining liquidity and earning rewards like cHIPs and yields, set for November 28. nHYPE solves capital lockup in Hyperliquid’s HIP-3 framework by tokenizing [...]