Nunchi protocol launches HYPE staking rewards campaign

Yield-Perp protocol Nunchi has launched a HYPE staking rewards campaign called the "cHIPs Game," the project announced on X. The campaign is a collaborative mission where participants collect cHIPs points that can be used in a rewards program. There are two ways to participate. First, users can stake HYPE to mint nHYPE and build a "Core Stake," which makes them eligible for up to 20x in Ethena (ENA) rewards. Alternatively, users can deposit USDT or USDC to mint nLP and provide market liquidity. Participants who minted nLP at its initial launch will have their points retroactively applied. The total deposit target for the campaign is 500,000 HYPE. Any amount exceeding this goal will be carried over to the next stage, with tiered reward boosts offered in subsequent phases.