Rip Strategies

How to Get Involved in the Rip Strategies Hypurr Vault

Step 1: Get HYPE Tokens

Get USDC from Binance and withdraw to your wallet via Arbitrum (if you don’t already hold any). Deposit USDC to Hyperliquid and then buy HYPE tokens from the spot market. HYPE is the main token for Hyperliquid, and you need it to interact with the HyperEVM ecosystem.

Step 2: Move HYPE to HyperEVM

Use the built-in bridge in your Hyperliquid account to move your HYPE to HyperEVM. This is a required step before you can put money into the vault.

Step 3: Connect Your Wallet at Rip.xyz

Visit the Hypurr Vault page and link your wallet. Check that your wallet is connected to the HyperEVM network.

Step 4: Mint $rHYPURR

Type in the amount of HYPE you want to deposit and then confirm the transaction. Vault shares ($rHYPURR) are given out every hour based on the NAV cycle. Your mint will be processed during the next scheduled interval.

Step 5: Hold or trade $rHYPURR

After minting, you can:

• Hold $rHYPURR to build up your NFT vault exposure and get a share of any airdrops that the Hypurr NFT treasury captures.
• Trade $rHYPURR right away on Hyperliquid DEXes like ProjectX.
• You can always get your shares back from HYPE through the vault.
• Optional: provide liquidity for the HYPE-rHYPURR pair on Project X to earn Project X points.

How to Get the Most Out of $rHYPURR

Keep an eye on Hyperliquid Ecosystem Airdrops: The value of holding $rHYPURR depends on the airdrops that the Hypurr NFTs in the treasury get. Keep an eye on upcoming Hyperliquid ecosystem projects that might give tokens to NFT holders.

Deposit Early: Airdrops often use eligibility based on snapshots. Being in the vault before any snapshot is taken gives you the best chance of getting new rewards.

Keep an eye on NAV Appreciation: The NAV per $rHYPURR share goes up as the Hypurr NFT basket gets more valuable or gets more airdrops. If you redeem at a higher NAV than your entry price, you make money.

Frequently Asked Questions

Is there an airdrop for the Rip Strategies native token?

There has been no announcement of a native $RIP token or protocol airdrop. The airdrop exposure for Rip Strategies comes indirectly: holders of $rHYPURR get a share of any airdrops that are sent to the Hypurr NFTs in the vault treasury.

Do I have to own a Hypurr NFT to take part?

No. You can get a small amount of exposure to the Hypurr NFT basket by minting $rHYPURR vault shares in the Rip Strategies Hypurr Vault. You don’t have to buy a whole NFT to get the value of the airdrop.

How do $rHYPURR holders get their airdrop rewards?

When the Hypurr NFT vault treasury gets an airdrop, those tokens become part of the vault’s assets. This raises the total NAV, and all $rHYPURR holders benefit in proportion to how much of the vault they own.

Can I leave the vault whenever I want?

Yes, $rHYPURR is completely liquid. You can get your shares back directly from the Hypurr vault interface for HYPE at the current NAV, or you can sell $rHYPURR right away on Hyperliquid DEXes like ProjectX.

Is There Any Risk in Investing?

Yes. Vault returns depend on the value of Hypurr NFTs, which can change. Any on-chain protocol also has the risk of smart contracts. There are no guaranteed returns on the vault, and airdrop distributions to the vault NFTs are not always the same.

Conclusion

Rip Strategies is a smooth, liquid way to get involved in the Hypurr NFT ecosystem on Hyperliquid. Users who hold $rHYPURR get a share of the vault’s NFT treasury value and any ecosystem airdrops that are sent to those NFTs.

There hasn’t been an announcement about a native protocol airdrop yet, but the Hyperliquid ecosystem is growing quickly. If you join the vault early, you’ll be in a good position to get future NFT-level rewards.