Ventuals vHYPE
VHYPE
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
Ventuals vHYPE (VHYPE) is an ERC-20 liquid staking token for native HYPE on HyperEVM. As of June 15, 2026, Ventuals officially announced a complete project sunset and wind-down. Active Development and Community Support both received scores of -1.0 due to insufficient active data following project shutdown, and their combined 35% weight was redistributed proportionally across the remaining categories. The smart contracts maintain audited security architecture (audited by Nethermind and Zenith with a Cantina bug bounty) and an orderly, fee-free 1:1 redemption mechanism plus staking yields. However, the token is actively being deprecated, utility and trading markets have halted, and the team remains pseudonymous with centralized admin controls. Under the Deprecated/Migrated Token Rule, existing holders should redeem their underlying HYPE, and new investment must be avoided.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Ventuals vHYPE (VHYPE)
Ventuals vHYPE (VHYPE) is a deprecated liquid staking token on HyperEVM that officially entered a project wind-down and sunsetting process on June 15, 2026. Issued by Ventuals, an HIP-3 deployer on Hyperliquid, the ERC-20 token was designed to represent a claim on natively staked HYPE along with accrued staking yields. Following the announcement to sunset the project, all Ventuals-deployed HIP-3 markets were halted and settled, and the associated points incentive program was discontinued with no monetary value.
The token mechanism operates without a fixed total supply, minting upon deposit and burning upon redemption. Historically, vHYPE provided utility and collateral across pre-IPO perpetual markets, but these use cases have been terminated. Under the wind-down procedure, new deposits are closed, and existing holders interact with batch-processed redemption queues to withdraw their underlying HYPE at a 1:1 ratio plus accrued native staking yield with no protocol fees applied.
Governance is centralized through a role-based access control architecture, where an administrative OWNER role maintains unilateral authority to pause contracts, execute upgrades, and manage protocol parameters. The project's smart contracts were audited by Nethermind and Zenith, and a bug bounty was hosted on Cantina. While no exploits, depegs, or insolvency events have occurred, the pseudonymous development team is winding down operations to join another ecosystem project, leaving vHYPE with negligible secondary market liquidity and functioning solely as a terminal asset awaiting redemption.