$HWAVE is the native token of Hyperwave DAO — connecting users to Hyperwave’s growth and revenue. Every time Hyperwave earns fees from its products, 100% of those fees are used to buy back $HWAVE and reward the community.The Loyalty Fund (and $GWAVE)
To distribute those rewards sustainably, Hyperwave is launching the Loyalty Fund — a 12-week, recurring staking program inspired by the Hyperliquid Assistance Fund where holders can stake $HWAVE to earn protocol revenue.
When you stake:
• You receive $GWAVE, a liquid, yield-bearing version of $HWAVE.
• $GWAVE holders automatically accrue a share of the revenue flowing through the Loyalty Fund.
• Staking and withdrawals are only open for a few days at the start of each 12-week season.
Example:
If Hyperwave revenue had been distributed in August and September under this system, stakers would have earned roughly ~25% APR (based on historical data and 8% of supply staked).
Why it matters
The Loyalty Fund creates a healthy cycle:
• Hyperwave revenue buys back $HWAVE
• Staking reduces circulating supply
• $GWAVE distributes real yield to loyal holders
• Liquidity stays active — $GWAVE can still be used across DeFi (lend, borrow, trade)
Complementing this functionality, a governance module will be introduced following the launch.
Key Dates
October 16 - Public Sale starts at 1PM UTC, 7% of the supply made available via a fair LBP mechanism.
October 20 - Public Sale ends at 1PM UTC
October 20/21 - Within 24 hours of the sale ending, all tokens purchased during the Public Sale and those earned with Wave Points in S1, become liquid. The first HWAVE staking window will also open at this time, for 48 hours only.
No vesting applies to tokens bought during the LBP or earned via Wave Points in Season 1. Allocations and unlock schedules are in the docs.
Until next time, gWAVE to all future DAO members!