> For the complete documentation index, see [llms.txt](https://doc.monetrix.xyz/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://doc.monetrix.xyz/guide/getting-started-1/mint.md).

# 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](/guide/getting-started-1/stake.md).

## 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.

<figure><img src="https://3971154758-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FbU68iXKFy5nFlHmmSOQE%2Fuploads%2Fgit-blob-175e5939dacde0777040e0de940dac8ccf4abcf7%2Fmxhype-mint.png?alt=media" alt="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" width="720"><figcaption></figcaption></figure>

### 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**](/guide/getting-started-1/stake.md).

If you only want to exit back to HYPE, see [**Redeem mxHYPE**](/guide/getting-started-1/redeem.md). Note the redeem path has a cooldown.