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Ethena and Nunchi Partner to Launch Liquid Staking Token nHYPE

Ethena and Nunchi Partner to Launch Liquid Staking Token nHYPE

Author:

Global Cryptocurrency

Published:

2025-11-21 23:21:02

26

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BTCCSquare news:

Nunchi's nHYPE Liquid Staking Token (LST) solves capital lockup issues for Hyperliquid's HIP-3 market framework. The token converts staked HYPE into a tradable ERC-20 asset, launching November 28th.

Ethena Labs partners with Nunchi to support nHYPE's development. The collaboration enables Nunchi's Yield Exchange (YEX) for trading yield-based perpetuals while maintaining liquidity.

nHYPE holders earn rewards including cHIPs and yields. The token represents staked HYPE required for Nunchi's HIP-3 market deployment on Hyperliquid.

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