HYPEDPAPER
The complete documentation for HYPED Mining — the first gamified mining protocol on HyperEVM.
Introduction
What is HYPED Mining?
HYPED Mining is the first gamified mining protocol built natively on HyperEVM — the EVM-compatible smart contract layer of the Hyperliquid L1 blockchain.
Users purchase Miner NFTs that generate $HYPED tokens over time through a simulated proof-of-work hashrate system. The protocol creates a sustainable economic loop: mine tokens, spend tokens on upgrades and repairs, lock tokens for boosts, and refer friends to grow the network.
Unlike traditional yield farming where you deposit and forget, HYPED Mining requires active participation. Your miners decay without maintenance. Your wallet level determines your mining efficiency. Your position relative to the total network hashrate determines your earnings. This isn't passive staking. This is active mining.
The Core Loop
Why HyperEVM?
How Mining Works
The Mining Mechanism
HYPED Mining uses a simulated hashrate model. Each Miner NFT has a fixed base hashrate measured in H/s (hashes per second). This is not real computational work — it is an on-chain metric that determines your proportional share of token emissions.
The Reward Formula
Your Reward = (Your Effective Hashrate ÷ Total Network Hashrate) × Emission Per Second × Time ElapsedYour effective hashrate is calculated as:
Effective Hashrate = Sum of all staked miners' base hashrates × (1 + Level Boost + Lock Boost) × Efficiency- Level Boost — from your wallet-bound Miner Level (up to +100%)
- Lock Boost — from locking $HYPED in the vault (up to +50%)
- Efficiency — average condition of miners (decays 1% per day)
- Combined boost is capped at +100% — no infinite stacking
What This Means In Practice
The emission pool is fixed. Every second, a set amount of $HYPED is distributed across all active miners proportional to their hashrate. Think of it as a pie:
- •The pie size is fixed each day (determined by the emission schedule)
- •Your slice depends on your hashrate relative to everyone else
- •More miners joining means smaller individual slices
- •Early miners get the biggest slices
Your Share vs Network Size
| Total Network | Daily $HYPED (1 Basic) |
|---|---|
| 1,000 H/s | 70,450 |
| 10,000 H/s | 7,045 |
| 100,000 H/s | 704.5 |
| 1,000,000 H/s | 70.45 |
| 1,980,000 H/s (Full) | 35.6 |
NFT Miner Collections
Four separate ERC-721 NFT collections on HyperEVM. Higher tiers offer progressively better hashrate-per-HYPE efficiency, rewarding larger commitments while keeping entry-level accessible.
| Tier | Supply | Price | Hashrate | Power | Max/Wallet |
|---|---|---|---|---|---|
Basic$HBM | 5,000 | 0.1 HYPE | 100 H/s | 1x | 20 |
Pro$HPM | 1,000 | 0.3 HYPE | 400 H/s | 4x | 5 |
Elite$HEM | 300 | 1.0 HYPE | 1,600 H/s | 16x | 3 |
Master$HMM | 100 | 3.0 HYPE | 6,000 H/s | 60x | 2 |
Network Hashrate Distribution (Full Sell-Out)
| Tier | Units | Hashrate | Total | Share |
|---|---|---|---|---|
| Basic | 5,000 | 100 H/s | 500,000 H/s | 25.25% |
| Pro | 1,000 | 400 H/s | 400,000 H/s | 20.20% |
| Elite | 300 | 1,600 H/s | 480,000 H/s | 24.24% |
| Master | 100 | 6,000 H/s | 600,000 H/s | 30.30% |
| Total | 6,400 | — | 1,980,000 H/s | 100% |
Lock-in-Wallet Staking
When you stake a miner NFT, it stays in your wallet. Unlike traditional staking where tokens transfer to a contract, HYPED Mining uses a lock mechanism. Your NFT remains visible in MetaMask, OpenSea, and all NFT platforms. To sell or transfer, simply unstake first.
$HYPED Token
The $HYPED Token
Token Allocation
| Allocation | % | Amount | Unlock |
|---|---|---|---|
| Mining Emissions | 45% | 450,000,000 | 36-month declining |
| Liquidity Pool | 20% | 200,000,000 | Permanently locked |
| Treasury | 15% | 150,000,000 | 12mo cliff, 5%/qtr |
| Team & Founders | 10% | 100,000,000 | 12mo cliff, 24mo vest |
| Marketing | 5% | 50,000,000 | 2M monthly cap |
| Referral Pool | 5% | 50,000,000 | On-demand |
“$HYPED must not only be earned — it must be spent. Every system in the protocol removes tokens from circulation. Claim taxes burn tokens. Repairs burn tokens. Level upgrades burn tokens. This creates accelerating deflationary pressure over time.”
Emission Schedule
36-Month Emission Schedule
Mining emissions follow a halving model over three years. Year 1 receives the highest allocation, with each subsequent year receiving half. After Year 3, emissions reach zero and the protocol transitions to fee-based rewards.
| Year | Annual | Daily | Per Second |
|---|---|---|---|
| Year 1 | 257,142,857 | 704,500 | ~8.15 |
| Year 2 | 128,571,429 | 352,250 | ~4.07 |
| Year 3 | 64,285,714 | 176,125 | ~2.04 |
| Total | 450,000,000 | — | — |
Estimated Daily Earnings (Year 1, Full Sell-Out)
Token Sinks
Five Deflationary Mechanisms
HYPED Mining implements five simultaneous token sink mechanisms that create continuous, accelerating deflationary pressure.
Every claim deducts 5%: 40% to LP, 40% to buyback & burn, 20% to treasury.
Miners lose 1% efficiency daily. 40% of repair costs are permanently destroyed.
Level 1 to 10 costs 1,536,000 $HYPED total; 768,000 is permanently burned.
Locked tokens can't be traded for 30-180 days, reducing sell pressure.
Paired with HYPE to deepen on-chain liquidity over time.
Projected Annual Impact (2,000 active miners)
User Level System
Miner Levels — Wallet-Bound Progression
Every wallet has a Miner Level (1-10). Upgrading permanently boosts ALL your staked miners. Levels are wallet-bound — they cannot be bought, sold, or transferred. They must be earned.
| Level | Cost | Boost | Total | Burned |
|---|---|---|---|---|
| 1 → 2 | 2,500 | +5% | +5% | 1,250 |
| 2 → 3 | 6,000 | +7% | +12% | 3,000 |
| 3 → 4 | 15,000 | +8% | +20% | 7,500 |
| 4 → 5 | 37,500 | +10% | +30% | 18,750 |
| 5 → 6 | 75,000 | +12% | +42% | 37,500 |
| 6 → 7 | 150,000 | +13% | +55% | 75,000 |
| 7 → 8 | 250,000 | +15% | +70% | 125,000 |
| 8 → 9 | 400,000 | +15% | +85% | 200,000 |
| 9 → 10 | 600,000 | +15% | +100% | 300,000 |
| Total | 1,536,000 | — | +100% | 768,000 |
Before (Level 1)
- 1 Elite Miner: 1,600 H/s
- 2 Basic Miners: 100 H/s each
- Total: 1,800 H/s
After (Level 5, +30%)
- 1 Elite: 1,600 × 1.30 = 2,080 H/s
- 2 Basic: 100 × 1.30 = 130 H/s each
- Total: 2,340 H/s (+30%)
Repair System
Miner Maintenance & Efficiency
Every staked miner loses 1% efficiency per day. Below 50%, output drops to zero. This creates continuous $HYPED demand and prevents infinite passive farming.
Efficiency Zones
Repair Cost = Full Repair Price × (100 - Current Efficiency) / 100| Tier | Full Repair | Burn Rate |
|---|---|---|
| Basic | 200 $HYPED | 40% burned, 60% treasury |
| Pro | 700 $HYPED | 40% burned, 60% treasury |
| Elite | 2,500 $HYPED | 40% burned, 60% treasury |
| Master | 8,000 $HYPED | 40% burned, 60% treasury |
Lock & Boost
Token Locking for Mining Boosts
Lock $HYPED tokens in the LockVault for temporary hashrate boosts. Tokens are returned automatically when the lock expires.
Lock Rules
- Multiple active locks allowed — highest boost applies (no stacking)
- Combined boost from all sources capped at +100%
- No early withdrawal — tokens locked until expiry
- No penalty for delayed claiming after expiry
Referral System
On-Chain Referral Rewards
Fully on-chain referral system. No off-chain databases, no manual tracking. Every relationship is recorded on the blockchain permanently.
Anti-Abuse Protections
Liquidity Model
Liquidity & Sustainability
Deep, permanent, and growing trading pools from day one. All NFT mints are priced in $HYPE and automatically distributed on-chain.
NFT Mint Revenue Distribution
Roadmap
Development Roadmap
Foundation
- Smart contract development
- Security audit
- Website & social launch
- Community building
Launch
- Mainnet deployment
- Staggered NFT mint
- LP bootstrap
- Mining activation
Growth
- Leaderboards & events
- Two-level referrals
- Strategic partnerships
- Community governance
Expansion
- Foundry system
- Crypto Ingots integration
- Multi-chain expansion
- Advanced analytics
Ecosystem
- Bullions marketplace
- DAO governance
- Fee redistribution model
- Cross-chain mining
Security
Security & Smart Contracts
All core protocol logic lives on-chain with no off-chain dependencies for reward calculations, referral tracking, or level management.
Contract Architecture
| Contract | Type | Purpose |
|---|---|---|
| HypedToken | ERC-20 | Token with role-based minting |
| HypedMinerNFT | ERC-721 | Lock-in-wallet NFT miners |
| MiningEngine | Core | Rewards, staking, claiming |
| MinerLevel | Core | Level progression & boosts |
| RepairManager | Core | Efficiency decay & repairs |
| LockVault | Core | Token locking for boosts |
| ReferralRegistry | Core | On-chain referral tracking |
Security Features
- Built with OpenZeppelin v5.x
- Role-based access control
- Reentrancy protection
- Emergency pause capability
- Users can always exit
- Lock-in-wallet staking
- Supply caps enforced on-chain
- Emergency NFT unlock
Disclaimer
This Hypedpaper is for informational purposes only and does not constitute financial advice, an investment solicitation, or a recommendation to buy or sell any tokens or NFTs. $HYPED and HYPED Mining NFTs are utility tokens and digital collectibles — they are not securities.
Cryptocurrency and DeFi protocols involve significant risk. Token prices can be highly volatile. Smart contracts, while audited, may contain undiscovered vulnerabilities. Past performance does not guarantee future results.
By using the HYPED Mining protocol, you acknowledge that you understand these risks and accept full responsibility for your actions.
Built on HyperEVM | Powered by $HYPED