Ctrlk
For the complete documentation index, see llms.txt. This page is also available as Markdown.

Mint mxHYPE

Send native HYPE, get mxHYPE. The rate is always 1:1. Minting by itself does not earn yield; for that, see Stake mxHYPE.

Prerequisites

  • Wallet connected to HyperEVM.

  • Native HYPE in your wallet: the amount you want to mint plus a little for gas.

Steps

Minting takes one transaction. Because HYPE is the chain's native token there is no ERC-20 approval step.

Earn with mxHYPE page: mxHYPE tab with Mint selected, HYPE amount input with Balance and Max, Receive mxHYPE at 1:1, sidebar showing mxHYPE capacity

1. Enter the amount

Open the mxHYPE product. With the mxHYPE tab selected at the top, choose Mint and enter how much HYPE you want to convert. The app shows:

  • Your HYPE balance.

  • A Max button to fill your balance (leave some HYPE for gas).

  • The mxHYPE you will receive, which equals the HYPE you send.

2. Mint mxHYPE

Click Mint mxHYPE and confirm in your wallet. The HYPE is sent as the transaction's value.

The transaction calls HypeVault.deposit() with your HYPE attached. If it succeeds:

  • Your HYPE is transferred to the vault.

  • You receive exactly the same amount of mxHYPE (1:1 ratio).

  • A toast confirms the mint.

3. Verify

Your mxHYPE balance should update. You can also look up the transaction on the HyperEVM explorer.

What can cause a mint to fail

The app pre-checks these conditions before sending the transaction. If any fail you'll see a message on the button or a toast instead of a wallet prompt:

  • Vault is paused: the protocol is in an emergency paused state.

  • Minimum deposit: your amount is below the per-transaction minimum (currently 0.1 HYPE).

  • Maximum deposit: your amount is above the per-transaction cap (currently 3,000 HYPE).

  • Exceeds remaining capacity: your mint would push total mxHYPE supply above the product's capacity cap (currently 50,000 HYPE). The remaining capacity is shown in the sidebar.

These values are read from the HypeConfig contract at the time of your transaction, so they reflect live protocol settings. Governance can adjust them.

After minting

Holding mxHYPE does not earn yield on its own. To start earning, go to Stake mxHYPE.

If you only want to exit back to HYPE, see Redeem mxHYPE. Note the redeem path has a cooldown.

PreviousmxHYPE
NextStake & Unstake

Last updated

Was this helpful?