haHYPE is a yield-bearing token in the Hyperliquid and Harmonix ecosystem. When users deposit HYPE tokens into the HYPE HyperEVM Vault, they receive haHYPE in return. The vault uses the deposited HYPE as collateral in Felix Protocol, mints feUSD, and opens a short perpetual position on HYPE, creating a delta-neutral strategy.

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Trading Pair	1h	24h	7d	1m	3m	1y
HAHYPE/USD	−1.77%	16.00%	7.84%	7.01%	48.46%	12.73%
HAHYPE/BTC	−1.22%	15.32%	6.71%	−1.94%	29.73%	44.04%
HAHYPE/ETH	−0.93%	17.37%	9.21%	9.63%	36.51%	25.69%
HAHYPE/DeFi	0.05%	13.10%	6.10%	−1.73%	33.90%	66.51%

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