Hamster (HAM)

HyperHAM is not trying to be another yield wrapper

It is an elastic $1 asset on HyperEVM

When HAM moves outside the peg band, supply adjusts across holders instead of relying on collateral redemptions

The unit count changes
the ownership share does not https://t.co/154369yBaB

The rebase logic is mechanical

HAM/WHYPE pool TWAP
x
WHYPE/USD oracle price

If HAM is above $1.05, supply expands

If HAM is below $0.95, supply contracts

Inside the band, nothing happens

The interesting part is what happens on positive rebases

A slice of new supply is minted toward the treasury

Most of that can be sold into the pool for WHYPE

So HYPE upside can become treasury depth while HAM keeps targeting $1

That makes HAM more than a rebasing token

It is a peg experiment with a DAT-style flywheel:

deeper HAM/WHYPE liquidity
more stable price signal
cleaner rebases
more treasury capacity over time

The watchpoint is simple

Track the pool depth, rebase history, oracle health, and treasury behavior

If those improve together, HyperHAM becomes one of the cleaner live experiments in HyperEVM-native monetary design

Genesis incentives are pointed at LPs for a reason

Single-sided emissions create free sell pressure

HAM/WHYPE LP forces participants to bring both sides, adding the exact liquidity the peg needs to survive early volatility