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HyperPG Early Deployment Program
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HyperPG Early Deployment Program
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EARLY DEPLOYMENT PROGRAM

This program allows you to use your vesting HyPC tokens towards backing machines
running on the HyperCycle network, generating value. By taking part in our
program, you gain a return of 9% APR, awarded every two weeks from our contract.
After 24 months the full amount of your tokens will become available to be
withdrawn.


HOW DOES IT WORK?

License operators need HyPC to provide backing to their nodes. They create a
proposal on our pool contract to back their license, while providing HyPC
upfront to fund interest payments for the depositors. When the proposal is
filled, the deposited HyPC is used to back their license for the period of the
proposal (in this case, 24 months), and the interest is given out to the
depositors every two weeks. At the end of the 24 months, the depositors can
reclaim their original deposits in full.


WHY USE THE EARLY DEPLOYMENT PROGRAM?

Since many holders of HyPC have their tokens being vested, and the license
holders need their tokens backed now, the HyperPG Early Deployment Program
offers to loan vesting token holders their full amount of vesting tokens to be
used in HyperPG's proposal pool. If, for example, you have 10,000 HyPC vesting,
and you join the program, then we will put 10,000 HyPC into a proposal, and then
transfer ownership of that created deposit to you. From then until the end of
the 24 month period, you can withdraw interest (in this case, approximately
34.615 HyPC) from that proposal every two weeks.


IS THE POOL AUDITED?

Yes, it was audited by Hacken. You can check it out here:
Hacken Report

HOW DO I SIGN UP?

Connect your MetaMask wallet to this site, click the "Get Started" button above,
click "Create Allocation" and then "Allocate", and sign the message. If your
application is approved, after the tokens are used in a proposal the deposit
will be sent to your address, and can be interacted with on the "Proposals" page
of the pool your funds are allocated to. The wallet you connect must have
received vested tokens to be eligible to participate in the program.


©2023 by HyperPG