The vault behind every token.

Deposit HYPE and underwrite the leveraged reserves. You earn every mint and redeem fee and a borrow fee on all open leverage, and you take the other side of the traders' gains and losses. Exposure is capped at a multiple of the vault's equity.

Vault equity—

Share price—HYPE per ugHYPE

Open exposure—

Your position—

Amount (HYPE)

HYPE

0%25%50%75%100%

You receive—

Balance—

Fees: —

LEVERAGED TOKEN SERIES

Series	NAV	Supply	Exposure
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Each row is a reserve token some UpGo tokens are paired with. NAV is HYPE per unit, settled against Hyperliquid prices. A dead series was wiped out by a gap; its tokens are worth nothing and a fresh series replaces it on the next launch.