What is Hyperwave [GWAVE]?
Hyperwave is a leading DeFi protocol built natively on Hyperliquid (HyperEVM), designed to maximize yield for users through advanced strategies and liquid wrappers.
GWAVE (Staked Hyperwave) is the protocol’s flagship “Real Yield” token. It acts as a liquid staking wrapper for the native HWAVE token. Unlike traditional staking where tokens are locked and yield comes from inflation, GWAVE operates on a Loyalty Fund model.
Mechanism: Users stake HWAVE to mint GWAVE.
Value Accrual: The protocol uses 100% of its generated revenue to buy back HWAVE from the open market. These bought-back tokens are distributed to GWAVE holders, causing the value of GWAVE to increase relative to HWAVE over time.
Liquid: GWAVE is a liquid ERC-20 token, meaning it can be used as collateral or traded in DeFi while still earning yield.
Factsheet: Hyperwave [GWAVE]
Feature Details Name Hyperwave (GWAVE) Yield Variable (100% Real Yield from Revenue Buybacks) + Points Sector Real Yield / Liquid Staking / DeFi Chains HyperEVM (Primary), Ethereum, Base Token GWAVE (Staked HWAVE)
Yield Opportunities: The Loyalty Fund
The core yield opportunity lies in the Hyperwave Loyalty Fund. This system is designed to reward long-term holders with non-inflationary yield derived from actual protocol usage.
Buyback & Burn/Distribute: Every week, Hyperwave uses its fees to buy back HWAVE.
Auto-Compounding: You do not need to claim rewards manually. The exchange rate of GWAVE/HWAVE increases, meaning your GWAVE commands more HWAVE when you unstake.
Wave Points: Holding GWAVE often qualifies users for “Community Badges” and boosters for Wave Points, which may be tied to future airdrops or incentives within the Hyperwave ecosystem.
Yield Steps: How to Earn with GWAVE
Follow these numbered steps to start earning real yield on Hyperwave:
Acquire HWAVE: Buy HWAVE tokens on Hyperliquid Spot or a supported exchange like MEXC.
Bridge to HyperEVM: Ensure your tokens are on the HyperEVM network (if bought on a CEX, withdraw to HyperEVM; if on Hyperliquid DEX, you are already there).
Access the App: Navigate to the Hyperwave Interface (app.hyperwavefi.xyz).
Connect Wallet: Connect your Web3 wallet (e.g., Rabby, MetaMask) configured for HyperEVM.
Enter the Vault: Go to the “Stake” or “Loyalty Fund” section and select GWAVE.
Stake HWAVE: Input the amount of HWAVE you wish to stake. Note: Staking may be subject to specific “Windows” or epochs.
Receive GWAVE: Confirm the transaction to mint GWAVE. You are now earning passive real yield!
Disclaimer: This article is for informational purposes only and does not constitute advice of any kind. Readers should conduct their own research before making any decisions.
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