In the current cryptocurrency market, mining remains a popular choice that attracts investors.
Especially in the HypeVM ecosystem, there are various high-yield mining strategies.
I will detail how to earn substantial profits through mining in HypeVM, helping you find suitable investment opportunities in this competitive market.
1. Understand the HypeVM ecosystem
HypeVM is an ecosystem based on the Ethereum Virtual Machine (EVM) that offers various mining and lending services. Currently, nearly one-third of the $HYPER token supply in HypeVM is yet to be distributed, providing a good opportunity for investors.
With a reasonable strategy, you can achieve considerable profits in this ecosystem.
2. Mining strategies
2.1 HyperSwap
HyperSwap is a mainstream decentralized exchange in HypeVM, and its total locked value (TVL) has rapidly increased in recent weeks. Here are the steps for mining through HyperSwap:
Purchase $HYPE tokens: Trade on HyperSwap to acquire $HYPE tokens.
Cross-chain bridge transfer: Transfer $HYPE tokens to EVM through a cross-chain bridge.
Stake with loopedHYPE: Perform looped staking on the loopedHYPE platform to improve yield.
Add liquidity: Add some $HYPE and/or $LHYPE/$stHYPE liquidity on the platform.
By repeatedly performing these operations on multiple addresses, you can maximize your returns.
2.2 HyperLend
HyperLend is the native lending protocol on HypeVM, and its TVL has recently shown exponential growth. Here are recommendations for mining through HyperLend:
Deposit funds: Although all vaults are currently at full utilization, you can monitor when deposit space reopens.
Use multiple addresses: Deposit or borrow $HYPE on different addresses to diversify risk and improve returns.
2.3 Sentiment Vault
Sentiment offers a vault that allows users to loop $HYPE through leverage. This strategy is suitable for those looking to increase their holdings. The steps are as follows:
Purchase $wstHYPE: Buy some $wstHYPE on HyperSwap.
Choose collateral and leverage: Select appropriate collateral and leverage based on personal risk tolerance.
Start looping: Increase your $HYPE holdings through looping operations.
3. Risk management
During the mining process, risk management is crucial. Here are some capital preservation tips:
Choose a reputable team: Prioritize teams that are publicly identified and active in industry events.
Cautious capital deployment: During the 'points season', allocate funds reasonably to avoid being 'cut' or falling into scam contracts.
HypeVM provides investors with various mining strategies. Although the market environment is not easy, substantial profits can still be achieved through reasonable operations and risk management.
I hope this article helps you find the right direction in HypeVM mining and seize investment opportunities.
Remember, investment has risks, and you should be cautious when entering the market!
