🎂 Happy 3rd Birthday, Hipo!
On 30 October 2023, Hipo went live on TON mainnet with a simple idea: liquid staking should be open, transparent, and accessible to anyone. Our goal was to build a truly decentralized protocol with its community at the centre.
Today, we're publishing our 3rd Anniversary Report, looking back at what we've achieved and what's ahead.
🔥 Growth
• Grew our TVL 11.6x, from ~890K GRAM staked a year ago to over 10.3M GRAM today
• Reached
#4 in the TON ecosystem by TVL on DeFiLlama
• Brought Hipo staking to Gate Web3 Wallet and GroupFi SuperApp
• Launched Hipo Stats, hGRAM, a redesigned website in 11 languages, and the Hipo MCP Server
🏆 Proven on-chain
• Q1 benchmark: 22.6% APY vs. 16.3% for the next best
• Q2 benchmark: 16.7% APY, ahead of KTON, Stakee, and Tonstakers
• Cut the protocol fee to 0%, allowing stakers to keep 100% of staking rewards
🔥 HPO and Community
• Distributed 8.07M HPO to stakers through Hipo Club
• Burned 42.5M HPO over the year
• Introduced the borrower-fee buy-and-burn mechanism, burning 554,654 HPO in its first month
• HPO holders ratified the Hipo Fund Investment Policy Statement and reward rates for every Hipo Club level
🚀 What's next?
Hipo Club Season 6 starts on 31 October. The Q3 benchmark and final team-token burn are coming in November. We'll continue building, improving, and growing together, guided by our community's feedback.
💜 Thank you to everyone who staked, held, voted, provided liquidity, and helped others understand Hipo.
🌟 Three years down. We're still building.
📖 Read the full report:
https://hipo.finance/blog/hipo-at-three-3rd-anniversary-report/
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