rHYPURR

Tokenized exposure to a treasury of HYPURR NFTs, the native NFT collection of the Hyperliquid ecosystem.
Users deposit HYPE to mint rHYPURR, gaining diversified exposure to multiple HYPURR NFTs and their associated airdrops. As the treasury accumulates HYPE deposits, it automatically purchases HYPURR NFTs from OpenSea when sufficient funds are available.

rHYPURR holders benefit from:

Appreciation of HYPURR NFT floor prices as Hyperliquid grows
Airdrops distributed to HYPURR holders
Increased NAV from HyperEVM ecosystem expansion

Redemption mechanism: When users burn rHYPURR to withdraw, they receive HYPE from the treasury's withdrawal reserve. If the reserve is depleted, the protocol automatically lists a treasury HYPURR for sale on OpenSea to replenish liquidity. This creates a self-balancing, perpetual treasury system.