Rip Strategies
Visit Website ↗Focus: Eligibility, snapshot date, token reward analysis.
Overview
What is Rip Strategies?
Rip Strategies is a tokenized vault protocol based on Hyperliquid (HyperEVM) that lets users have liquid fractional exposure to managed NFT treasury strategies. The Hypurr Vault, its main product, holds a collection of 30 Hypurr NFTs, which are part of the Hyperliquid ecosystem. It also issues $rHYPURR shares that represent a share of the underlying assets.
A group of OG Hyperliquid traders and EVM developers have developed the protocol. Some of them had worked on Fantom before. There have been no public announcements of outside funding rounds, so this is a community-driven project. According to DefiLlama, the vault is live on the mainnet and has about $460,000 in TVL. $rHYPURR is also actively trading on Hyperliquid DEXes.
Accessibility is the main benefit of using Rip Strategies. Instead of buying whole Hypurr NFTs, users can mint $rHYPURR vault shares, which give them access to the value of the NFT basket and any airdrops those NFTs get. They can also mint, redeem, or trade them at any time.
Key Points
- Token: ERC-4626 token for vault shares
- Native Protocol Airdrop: No announcement yet
- Airdrop Capture: A pro-rata share of the airdrops earned from 30 Hypurr NFTs in their treasury
- TVL: about $460,000
- Processing of Vault NAV: Every hour
Participation Guide
-
1
Step 1: Get HYPE Tokens
-
2
Step 2: Move HYPE to HyperEVM
-
3
Step 3: Connect Your Wallet at Rip.xyz
-
4
Step 4: Mint $rHYPURR
-
5
Step 5: Hold or trade $rHYPURR