CHIPs (cHIPs)

cHIPs are Nunchi non‑transferable points that recognize real contribution to the exchange.

They are used to

• reward participation (liquidity, staking, trading),

• gate early access where needed,

• measure contribution across seasons.

Two roles in the game

1. HYPE Staking

Action: stake HYPE to mint nHYPE. Goal: help secure the HIP‑3 deployer stake requirement.

Early participation is rewarded via tiered multipliers (example schedule):

Total HYPE Staked (all users)	Multiplier
0–100k	18×
100–200k	16×
200–300k	14×
300–400k	12×
400–500k	10×
500–600k	8×
600–700k	6×
700–800k	4×
800–900k	3×
900k–1M	2×
>1M	1×

2. Liquidity Provider

Action: deposit stablecoins into nLP (liquidity vault). Goal: deepen market depth for tight spreads and stable execution.

Pendle integrations can add additional multipliers (see Pendle page).

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Epochs & distribution

CHIPs are distributed in fixed cycles (epochs). Your share is based on your time‑weighted contribution relative to others in your lane.

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Fair use

CHIPs are designed to reward real participation, not mechanical farming. Self‑trades, wash trading, and manipulation may be filtered, capped, or clawed back.