HyperEVM · backed by $HYPE · pre-launch

Every block
raises the floor.

A note is a claim on a treasury of HYPE. The floor is what one note is worth if the whole treasury were shared out, and redeeming pays exactly that. It is not an opinion about the market: it is a bid the contract honours.

And it is worth saying precisely why the line above never comes down. The treasury does not sit on its HYPE, it stakes it, and staking accrues continuously. No transfer tax, no emission, nobody has to trade. Volume helps. It is not the engine.