Treehouse, a DeFi portfolio analytics platform, has launched tHYPE, a new liquid staking token for the Hyperliquid network. Announced on May 22, 2026, tHYPE becomes the third asset in Treehouse’s tAsset suite, joining tETH and tAVAX, and is designed to generate returns through interest rate arbitrage strategies.
The token allows users to stake Hyperliquid’s native HYPE tokens while retaining liquidity, meaning stakers can trade, lend, or use their tHYPE as collateral in DeFi protocols without losing staking rewards. The yield mechanism, termed Market Efficiency Yield (MEY), is powered by Kinetiq, the protocol behind Hyperliquid’s existing liquid staking token kHYPE. By using kHYPE as its base, tHYPE captures native staking rewards and additional gains from deploying the token in lending markets or liquidity pools where rates may be higher.
Treehouse’s Decentralized Offered Rates (DOR) infrastructure is extended to tHYPE, providing transparent yield monitoring. A minimum of five HYPE tokens is required to mint tHYPE, in line with Kinetiq’s staking mechanics. The launch underscores Treehouse’s strategy to evolve from an analytics platform into a yield-generating product provider, targeting Hyperliquid’s high-speed trading environment. The move comes as liquid staking adoption grows, with total value locked in such protocols steadily rising. Treehouse plans additional integrations within the Hyperliquid ecosystem in the coming months.
