🔥 492,200 HPO Bought & Burned in Month 2
Two months ago, we launched Hipo's Borrower Fee Mechanism.
Validators who borrow Hipo's staked GRAM pay a fee every validation round. The fee is sent to Hipo's burner in GRAM, converted into hGRAM, used to buy HPO on the market, and burned.
Two months in:
🔥 492,200 HPO bought and burned in Month 2
🔥 83 burn transactions
🔥 Over 1,046,000 HPO burned since launch
Every burn is on-chain and verifiable.
📊 Market performance (October 7 – November 6)
💎 HPO: +0.5% (roughly flat)
🤑 BTC: −9%
💙 GRAM: −23%
While BTC and GRAM declined, HPO remained broadly stable.
The flywheel continues: more GRAM staked → more GRAM available to validators → more borrowing activity → more fees → more HPO bought and burned.
Remember, staking GRAM with Hipo also earns you HPO through boosted rewards, on top of your regular staking rewards.
We'll publish the next report in early December.
Buy HPO ││ Stake GRAM ││ Join Hipo Club ││ Follow Hipo ││ Watch & Learn ││ Hipo Chat