Thunderhead

Thunderhead is a liquid staking protocol on Hyperliquid that issues LHYPE—a liquid representation of staked HYPE tokens. By staking HYPE through Thunderhead, users receive LHYPE tokens that automatically accrue staking rewards while remaining liquid and usable across HyperEVM DeFi. LHYPE can be used as collateral in lending protocols, deployed into yield strategies, or traded on HyperEVM DEXes without sacrificing staking income.

Yield and vault protocols on Hyperliquid give users passive access to sophisticated DeFi strategies — from delta-neutral funding rate arbitrage to leveraged staking loops. Thunderhead is part of this growing category that keeps capital productive within the ecosystem. With HyperCore's native HLP vault and HyperEVM-based strategies, Hyperliquid offers yield options across the entire risk spectrum.