Earn 15% Compounding Yield on $WHYPE

Teller has launched its HyperEVM rewards incentive program!

You can now supply and stake your $WHYPE on Teller to earn 15% APY per block.

No lockups. Withdraw anytime. No impermanent loss.

Stake $WHYPE = Earn more $WHYPE automatically. No gimmicks.

What is Teller?

Teller is a lending protocol designed to earn yield on long-tail assets.

Each pool is isolated and has its own APY range, which fluctuates between 20–60% based on borrowing demand.

Lenders deposit a single token and earn more of that same token, without dual-asset exposure or the risk of impermanent loss.

What is $WHYPE?

$WHYPE, or Wrapped HYPE, is a token that represents the original HYPE token on other blockchains. It is created by locking the original HYPE token and minting an equivalent wrapped token, maintaining a 1:1 peg to preserve its value. The purpose of wrapping is to make HYPE usable in other blockchain ecosystems and DeFi applications, allowing for cross-chain transactions and expanding its functionality.

Key characteristics of $WHYPE

• 1:1 Peg: Each WHYPE token is backed by one original HYPE token, ensuring the value remains the same through a locking and minting process.
• Cross-chain utility: It allows HYPE to be used on different blockchains and in various decentralized finance (DeFi) applications that wouldn't otherwise support the native token.
• Trading: WHYPE is traded on decentralized exchanges (DEXs) within the ecosystem where it is supported.
• Staking and yield farming: You can participate in staking to earn passive income or provide liquidity to liquidity pools to earn rewards, but it is not "mined" in the traditional sense.
• Redemption: The process is reversible, meaning you can burn your WHYPE tokens to redeem the original HYPE asset.

Where Does the Yield Come From?

The 15% APY is the base staking yield for each pool, paid by Teller as incentive rewards to bootstrap Teller on HyperEVM.

Supply and stake your tokens to start earning $WHYPE per block.

When liquidity reaches $100K per pool, the incentive yield will gradually decline as the pool begins to scale organically.

But that's just the beginning...

As borrowing activity increases, the APY will range between 15% and 60%, depending on how much of the available liquidity is being borrowed at the time.

This additional yield comes directly from borrowers’ interest payments when they repay their loans to the pool.

How Does Teller Avoid Impermanent Loss?

Impermanent loss only occurs in liquidity pools, where assets are constantly rebalanced based on market movements.

Teller, on the other hand, operates on a peer-to-pool lending model and doesn’t use AMMs or traditional liquidity pools. Lenders supply assets, borrowers repay with interest, and there’s no automated rebalancing or price exposure.

This means your funds aren’t exposed to price shifts or impermanent loss, and you continue earning yield on the same asset you deposited — regardless of market swings.

How Do I Start Earning?

Step 1: View the HyperEVM pools on Teller: app.teller.org/hyperevm/earn

Step 2: Connect your wallet

Step 3: Select the $WHYPE lending pool

Step 4: Supply your tokens to the pool

Step 5: Stake your tokens to start earning 15% yield per block, withdraw anytime

Have any questions or feedback?

Shoot us a DM on X: https://x.com/useteller
Start earning: app.teller.org/hyperevm/earn