Minting, Redeeming and Bridging

How to mint xTokens (Deposit)

1. Choose your xToken and Destination Chain

Select which xToken you want (e.g. $xHYPE, $xBTC, etc.), each tracks the overall performance of the carry trade on a specific asset. You can also select on which supported chain you want to receive the xToken.

1. Deposit stablecoin & mint xTokens

Enter the amount of stablecoins you want to deposit and from which supported chain. Once confirmed, your funds are added to the pooled strategy and you immediately receive xTokens.

1. Holding and using xTokens

You’re now holding xTokens. Your position is automatically earning yield as the token’s value grows over time. From here, you can put your xTokens to work across DeFi: use them as collateral, provide liquidity, or build new strategies on top.

How to redeem xTokens (Withdrawal)

Exiting an xToken position means redeeming your tokens for stablecoins, including both your initial deposit and accrued yield. There are two modes of redemption:

1. Instant Redemption - Omnichain

This option allows you to redeem xTokens from any support chain for stablecoins immediately at the current price-per-share, as long as sufficient liquidity is available in the redemption buffer. A fixed 0.3% instant redemption fee always applies, it’s designed to protect the pool against sandwich attacks and fast-unwind risks. These fees are redistributed back to xToken holders, effectively boosting their overall yield.

1. Standard Redemption (Queued withdrawal) - HyperEVM only

This method lets you submit a redemption request, after which the strategy gradually unwinds positions to return your stablecoins. Standard redemptions take up to 3 days to process, as the system closes positions safely over multiple funding cycles. Requested withdrawals also ensure fairness, preventing a single large exit from negatively impacting remaining holders.

Bridging xTokens (Cross-Chain Transfer)

1. Choose your xToken

   Select the xToken you want to bridge (e.g., xHYPE, xBTC, xETH, etc.).

2. Select the source chain and destination chain

   Pick any supported chain. Because xTokens are OFTs, they can freely move between all enabled networks.

3. Enter the amount to bridge

   You can bridge any amount, including your full balance.

4. Receive your xTokens

   Once the LayerZero message is delivered, your xTokens appear on the destination chain. Your share count and accumulated yield remain exactly the same.