Welcome back to another edition of the ValiDAO Digest!

Each week, we update our dear readers with all the major developments happening within the ecosystems where we operate, provided by your very own local, organic, seed-oil-free validator.

Hyperliquid

Less than a week after introducing spot BTC, Hyperliquid has officially launched the HyperEVM.

While functionality remains limited with precompiles yet to go live, the HyperEVM marks a pivotal step toward realizing Hyperliquid’s vision of becoming the blockchain to house all finance.

Monad

Monad testnet has officially gone live.

If you aren't already caught up on what Monad is doing, check out some of our past content here.

As you can see below, a wide range of apps are already deployed on the testnet, spanning from games, to social apps, DeFi, and much more.

Looped Hype

loopedHype, announced LHYPE, a Liquid Looping Token offering users streamlined yield strategies.

In short, users can deposit assets like HYPE, stHYPE, or kHYPE to receive LHYPE—a liquid, yield-bearing token that automatically loops the underlying assets to generate leveraged yields.

More information can be found here.

Drop

Drop announced deINIT, a liquid staking token (LST) built upon Initia.

deINIT is a tokenized and liquid representation of an INIT/USDC liquidity position staked on InitiaDEX, seamlessly blending Initia’s Enshrined Liquidity model with native staking yields.

With Drop, users can simultaneously earn trading fees, staking yields, and Drop rewards.

Thunderhead

Thunderhead has officially launched stHYPE on the Hyperliquid mainnet, unlocking over $3 billion of previously illiquid capital.

We're thrilled to serve as operators for stHYPE, offering stakers the opportunity to boost their rewards with additional VDO yields (more info here).

Additionally, Valantis and Thunderhead have teamed up to launch the stHYPE AMM, a new type of AMM for liquid staking tokens (LSTs).

That's it for this week!

As always, we're committed to providing free-range, locally sourced, and seed-oil-free consensus services from geographically diverse locations.

Until next time!