Wrapped HyperLiquidity Provider (WHLP), developed by Looping Collective, is a USD-denominated token that automatically deposits into HLP. Initially valued at 1.00 USD per WHLP, its value appreciates over time as HLP rewards accrue. WHLP is a tokenized representation of HyperLiquidity Provider (HLP), that enables holders to earn HLP’s yield while retaining full liquidity and DeFi composability on HyperEVM.