Wrapped HYPE (WHYPE) is the canonical ERC-20-compatible representation of HYPE, Hyperliquid's native token, designed to enable HYPE to function within smart contract environments on HyperEVM and other Ethereum-compatible networks. Unlike standalone tokens with independent governance or monetary policy, WHYPE exists as a protocol-native wrapped asset that preserves 1:1 value parity with the underlying HYPE while enabling composability across decentralized finance applications.