CRYPTO MARKET INTELLIGENCE / ASSET DOSSIER

Hipo Governance Token.

hpo · coingecko:hipo-governance-token

EVIDENCE · NOT A RECOMMENDATION
This dossier explains why the asset surfaced, what the stored evidence says, what changed, and which limitations remain. Deterministic signals are research questions, not investment conclusions.
Price$0.004174
Market cap$3.24M
Active signals1
Total / circulating1.26×
Longest active streak6
Snapshots compared6

Why it surfaced

peer valuation difference

The valuation multiple differs materially from the eligible peer median

Current streak: 6 snapshots · triggered 6/6 observed snapshots

What changed

peer valuation difference
continuing · streak 6 · 6/6 snapshots

Latest fundamental observations

MetricPeriodValueObserved
fees24h$3,603.002026-10-18T04:35:58.074Z
fees30d$154,702.002026-10-18T04:35:58.074Z
fees7d$33,344.002026-10-18T04:35:58.074Z
holders revenue24h$50.002026-10-18T04:36:12.168Z
holders revenue30d$2,109.002026-10-18T04:36:12.168Z
holders revenue7d$452.002026-10-18T04:36:12.168Z
revenue24h$50.002026-10-18T04:36:00.033Z
revenue30d$2,109.002026-10-18T04:36:00.033Z
revenue7d$452.002026-10-18T04:36:00.033Z
tvlpoint in time$11.12M2026-10-18T04:35:46.584Z

Historical changes

MetricWindowChangeBoundary
fees usd:24h7d-53.90%2026-10-11T04:49:24.915Z → 2026-10-18T04:35:58.074Z
fees usd:30d7d1.02%2026-10-11T04:49:24.915Z → 2026-10-18T04:35:58.074Z
fees usd:7d7d-16.39%2026-10-11T04:49:24.915Z → 2026-10-18T04:35:58.074Z
holders revenue usd:24h7d-52.38%2026-10-11T04:49:36.133Z → 2026-10-18T04:36:12.168Z
holders revenue usd:30d7d0.33%2026-10-11T04:49:36.133Z → 2026-10-18T04:36:12.168Z
holders revenue usd:7d7d-15.67%2026-10-11T04:49:36.133Z → 2026-10-18T04:36:12.168Z
market cap usd:point in time7d-1.69%2026-10-11T03:57:48.000Z → 2026-10-18T03:52:58.000Z
revenue usd:24h7d-52.38%2026-10-11T04:49:28.176Z → 2026-10-18T04:36:00.033Z
revenue usd:30d7d0.33%2026-10-11T04:49:28.176Z → 2026-10-18T04:36:00.033Z
revenue usd:7d7d-15.67%2026-10-11T04:49:28.176Z → 2026-10-18T04:36:00.033Z
tvl usd:point in time7d-3.95%2026-10-11T04:49:10.103Z → 2026-10-18T04:35:46.584Z

Market snapshot

Circulating supply
777.06M
Total supply
977.06M
Max supply
1B
Provider updated
2026-10-18T03:52:58.000Z

Evidence coverage

Verified/provider links
1
Stored fundamental observations
60
Calculated history rows
11
Signal comparison
prior snapshot

Evidence synthesis

Generate or open a cached AI research brief constrained to this dossier's stored evidence, calculations, and limitations.

Open AI research brief

Rule evaluations

revenue growth declining multiple · excluded · no signal

Insufficient actual 30-day revenue or market-cap history

Limits: No observation within 2 days of the 30-day boundary · No observation within 2 days of the 30-day boundary

Inputs and calculation
{
  "inputs": {},
  "calculation": null,
  "evaluatedAt": "2026-10-18T04:35:46.584Z"
}

activity growth stagnant market cap · excluded · no signal

Insufficient actual 30-day activity or market-cap history

Inputs and calculation
{
  "inputs": {},
  "calculation": null,
  "evaluatedAt": "2026-10-18T04:35:46.584Z"
}

improving tokenholder value capture · excluded · no signal

No observations

Limits: Requires holders revenue and fees at both boundaries

Inputs and calculation
{
  "inputs": {},
  "calculation": null,
  "evaluatedAt": "2026-10-18T04:35:46.584Z"
}

peer valuation difference · included · signal

The valuation multiple differs materially from the eligible peer median

Limits: A difference is not evidence of mispricing; protocol economics may not be comparable

Inputs and calculation
{
  "inputs": {
    "currentCap": 3242214,
    "latestRevenue": 50,
    "peerMedian": 39.57062354650812
  },
  "calculation": {
    "annualizedRevenueMultiple": 177.65556164383563,
    "peerMultipleRatio": 4.489582061678497
  },
  "evaluatedAt": "2026-10-18T04:35:46.584Z"
}

fundamental deterioration · excluded · no signal

Insufficient actual 30-day fundamental history

Inputs and calculation
{
  "inputs": {},
  "calculation": null,
  "evaluatedAt": "2026-10-18T04:35:46.584Z"
}

high dilution · included · no signal

Eligible, but dilution threshold was not met

Limits: Supply fields are provider-reported and do not describe unlock timing

Inputs and calculation
{
  "inputs": {
    "circulatingSupply": 777063002.9548471,
    "totalSupply": 977063002.9548471
  },
  "calculation": {
    "totalToCirculatingRatio": 1.2573793878224588
  },
  "evaluatedAt": "2026-10-18T04:35:46.584Z"
}

data quality investigation · included · no signal

No provider identity conflict detected

Inputs and calculation
{
  "inputs": {
    "identityConflict": false
  },
  "calculation": null,
  "evaluatedAt": "2026-10-18T04:35:46.584Z"
}

Provenance and raw evidence

Classification evidence
[
  {
    "assetId": "coingecko:hipo-governance-token",
    "kind": "sector",
    "value": "other",
    "status": "classified",
    "reason": "Canonical mapping from DeFiLlama category Liquid Staking",
    "sourceProvider": "defillama",
    "sourceRecord": "3722",
    "observedAt": "2026-10-18T04:35:46.584Z"
  },
  {
    "assetId": "coingecko:hipo-governance-token",
    "kind": "asset_type",
    "value": "protocol_token",
    "status": "classified",
    "reason": "Canonical type mapping from DeFiLlama category Liquid Staking",
    "sourceProvider": "defillama",
    "sourceRecord": "3722",
    "observedAt": "2026-10-18T04:35:46.584Z"
  }
]
Identity relationships
[
  {
    "assetId": "coingecko:hipo-governance-token",
    "protocolId": "3722",
    "protocolSlug": "hipo",
    "method": "gecko_id",
    "evidence": "DeFiLlama gecko_id=hipo-governance-token",
    "status": "verified_provider_relationship"
  }
]
Research statuses
[
  {
    "assetId": "coingecko:hipo-governance-token",
    "observedAt": "2026-10-18T04:35:46.584Z",
    "status": "analyzable",
    "method": "global",
    "reason": "At least one deterministic screening method is eligible"
  },
  {
    "assetId": "coingecko:hipo-governance-token",
    "observedAt": "2026-10-18T04:35:46.584Z",
    "status": "insufficient_historical_data",
    "method": "global",
    "reason": "One or more historical methods lack actual boundary observations"
  },
  {
    "assetId": "coingecko:hipo-governance-token",
    "observedAt": "2026-10-18T04:35:46.584Z",
    "status": "excluded_from_method",
    "method": "revenue_growth_declining_multiple",
    "reason": "Insufficient actual 30-day revenue or market-cap history"
  },
  {
    "assetId": "coingecko:hipo-governance-token",
    "observedAt": "2026-10-18T04:35:46.584Z",
    "status": "excluded_from_method",
    "method": "activity_growth_stagnant_market_cap",
    "reason": "Insufficient actual 30-day activity or market-cap history"
  },
  {
    "assetId": "coingecko:hipo-governance-token",
    "observedAt": "2026-10-18T04:35:46.584Z",
    "status": "excluded_from_method",
    "method": "improving_tokenholder_value_capture",
    "reason": "No observations"
  },
  {
    "assetId": "coingecko:hipo-governance-token",
    "observedAt": "2026-10-18T04:35:46.584Z",
    "status": "excluded_from_method",
    "method": "fundamental_deterioration",
    "reason": "Insufficient actual 30-day fundamental history"
  },
  {
    "assetId": "coingecko:hipo-governance-token",
    "observedAt": "2026-10-18T04:35:46.584Z",
    "status": "requires_manual_investigation",
    "method": "global",
    "reason": "At least one deterministic research signal triggered"
  }
]
Human review decisions
[]
Full fundamental evidence
[
  {
    "id": "28ba3c2c-c546-48fa-b174-122aa3718807:670",
    "protocolId": "3722",
    "metric": "tvl_usd",
    "period": "point_in_time",
    "observedAt": "2026-09-22T21:51:30.762Z",
    "value": 10781419.29302974,
    "unit": "USD",
    "definition": "DeFiLlama protocol TVL at collection time",
    "sourceUrl": "https://api.llama.fi/protocols",
    "methodology": null
  },
  {
    "id": "28ba3c2c-c546-48fa-b174-122aa3718807:8468",
    "protocolId": "3722",
    "metric": "fees_usd",
    "period": "24h",
    "observedAt": "2026-09-22T21:51:32.324Z",
    "value": 6990,
    "unit": "USD",
    "definition": "Validation rewards credited to the pool, summed from the treasury's repayment logs for the day, plus the GRAM that reached Hipo's buy-and-burn contract and was spent on HPO. The validators' own share of a round's reward is deducted before the pool is credited, so it is not counted here.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyFees",
    "methodology": {
      "UserFees": "Stakers pay no fees for using Hipo. The borrowers the pool lends to, who are validators, pay a fee out of their own share of each round's reward.",
      "Fees": "Validation rewards credited to the pool, summed from the treasury's repayment logs for the day, plus the GRAM that reached Hipo's buy-and-burn contract and was spent on HPO. The validators' own share of a round's reward is deducted before the pool is credited, so it is not counted here.",
      "Revenue": "The governance fee, plus everything spent buying and burning HPO.",
      "ProtocolRevenue": "The governance fee, deducted from the pool's reward before it reaches stakers. Its rate is set by Hipo's governor and can be zero.",
      "SupplySideRevenue": "Rewards credited to stakers, which reach them as a rise in the hGRAM exchange rate rather than as a separate claim.",
      "HoldersRevenue": "GRAM sent to Hipo's buy-and-burn contract, read from that contract's own income log so that returned change is excluded. It stakes the GRAM, buys HPO with the resulting hGRAM on DeDust, and burns it, lowering the total supply of HPO. Two sources pay it: the borrower fee forwarded by the treasury, and the realized profit of Hipo's HPO trading bot."
    }
  },
  {
    "id": "28ba3c2c-c546-48fa-b174-122aa3718807:8469",
    "protocolId": "3722",
    "metric": "fees_usd",
    "period": "7d",
    "observedAt": "2026-09-22T21:51:32.324Z",
    "value": 30410,
    "unit": "USD",
    "definition": "Validation rewards credited to the pool, summed from the treasury's repayment logs for the day, plus the GRAM that reached Hipo's buy-and-burn contract and was spent on HPO. The validators' own share of a round's reward is deducted before the pool is credited, so it is not counted here.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyFees",
    "methodology": {
      "UserFees": "Stakers pay no fees for using Hipo. The borrowers the pool lends to, who are validators, pay a fee out of their own share of each round's reward.",
      "Fees": "Validation rewards credited to the pool, summed from the treasury's repayment logs for the day, plus the GRAM that reached Hipo's buy-and-burn contract and was spent on HPO. The validators' own share of a round's reward is deducted before the pool is credited, so it is not counted here.",
      "Revenue": "The governance fee, plus everything spent buying and burning HPO.",
      "ProtocolRevenue": "The governance fee, deducted from the pool's reward before it reaches stakers. Its rate is set by Hipo's governor and can be zero.",
      "SupplySideRevenue": "Rewards credited to stakers, which reach them as a rise in the hGRAM exchange rate rather than as a separate claim.",
      "HoldersRevenue": "GRAM sent to Hipo's buy-and-burn contract, read from that contract's own income log so that returned change is excluded. It stakes the GRAM, buys HPO with the resulting hGRAM on DeDust, and burns it, lowering the total supply of HPO. Two sources pay it: the borrower fee forwarded by the treasury, and the realized profit of Hipo's HPO trading bot."
    }
  },
  {
    "id": "28ba3c2c-c546-48fa-b174-122aa3718807:8470",
    "protocolId": "3722",
    "metric": "fees_usd",
    "period": "30d",
    "observedAt": "2026-09-22T21:51:32.324Z",
    "value": 139708,
    "unit": "USD",
    "definition": "Validation rewards credited to the pool, summed from the treasury's repayment logs for the day, plus the GRAM that reached Hipo's buy-and-burn contract and was spent on HPO. The validators' own share of a round's reward is deducted before the pool is credited, so it is not counted here.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyFees",
    "methodology": {
      "UserFees": "Stakers pay no fees for using Hipo. The borrowers the pool lends to, who are validators, pay a fee out of their own share of each round's reward.",
      "Fees": "Validation rewards credited to the pool, summed from the treasury's repayment logs for the day, plus the GRAM that reached Hipo's buy-and-burn contract and was spent on HPO. The validators' own share of a round's reward is deducted before the pool is credited, so it is not counted here.",
      "Revenue": "The governance fee, plus everything spent buying and burning HPO.",
      "ProtocolRevenue": "The governance fee, deducted from the pool's reward before it reaches stakers. Its rate is set by Hipo's governor and can be zero.",
      "SupplySideRevenue": "Rewards credited to stakers, which reach them as a rise in the hGRAM exchange rate rather than as a separate claim.",
      "HoldersRevenue": "GRAM sent to Hipo's buy-and-burn contract, read from that contract's own income log so that returned change is excluded. It stakes the GRAM, buys HPO with the resulting hGRAM on DeDust, and burns it, lowering the total supply of HPO. Two sources pay it: the borrower fee forwarded by the treasury, and the realized profit of Hipo's HPO trading bot."
    }
  },
  {
    "id": "28ba3c2c-c546-48fa-b174-122aa3718807:15486",
    "protocolId": "3722",
    "metric": "revenue_usd",
    "period": "24h",
    "observedAt": "2026-09-22T21:51:34.223Z",
    "value": 98,
    "unit": "USD",
    "definition": "The governance fee, plus everything spent buying and burning HPO.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyRevenue",
    "methodology": {
      "UserFees": "Stakers pay no fees for using Hipo. The borrowers the pool lends to, who are validators, pay a fee out of their own share of each round's reward.",
      "Fees": "Validation rewards credited to the pool, summed from the treasury's repayment logs for the day, plus the GRAM that reached Hipo's buy-and-burn contract and was spent on HPO. The validators' own share of a round's reward is deducted before the pool is credited, so it is not counted here.",
      "Revenue": "The governance fee, plus everything spent buying and burning HPO.",
      "ProtocolRevenue": "The governance fee, deducted from the pool's reward before it reaches stakers. Its rate is set by Hipo's governor and can be zero.",
      "SupplySideRevenue": "Rewards credited to stakers, which reach them as a rise in the hGRAM exchange rate rather than as a separate claim.",
      "HoldersRevenue": "GRAM sent to Hipo's buy-and-burn contract, read from that contract's own income log so that returned change is excluded. It stakes the GRAM, buys HPO with the resulting hGRAM on DeDust, and burns it, lowering the total supply of HPO. Two sources pay it: the borrower fee forwarded by the treasury, and the realized profit of Hipo's HPO trading bot."
    }
  },
  {
    "id": "28ba3c2c-c546-48fa-b174-122aa3718807:15487",
    "protocolId": "3722",
    "metric": "revenue_usd",
    "period": "7d",
    "observedAt": "2026-09-22T21:51:34.223Z",
    "value": 397,
    "unit": "USD",
    "definition": "The governance fee, plus everything spent buying and burning HPO.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyRevenue",
    "methodology": {
      "UserFees": "Stakers pay no fees for using Hipo. The borrowers the pool lends to, who are validators, pay a fee out of their own share of each round's reward.",
      "Fees": "Validation rewards credited to the pool, summed from the treasury's repayment logs for the day, plus the GRAM that reached Hipo's buy-and-burn contract and was spent on HPO. The validators' own share of a round's reward is deducted before the pool is credited, so it is not counted here.",
      "Revenue": "The governance fee, plus everything spent buying and burning HPO.",
      "ProtocolRevenue": "The governance fee, deducted from the pool's reward before it reaches stakers. Its rate is set by Hipo's governor and can be zero.",
      "SupplySideRevenue": "Rewards credited to stakers, which reach them as a rise in the hGRAM exchange rate rather than as a separate claim.",
      "HoldersRevenue": "GRAM sent to Hipo's buy-and-burn contract, read from that contract's own income log so that returned change is excluded. It stakes the GRAM, buys HPO with the resulting hGRAM on DeDust, and burns it, lowering the total supply of HPO. Two sources pay it: the borrower fee forwarded by the treasury, and the realized profit of Hipo's HPO trading bot."
    }
  },
  {
    "id": "28ba3c2c-c546-48fa-b174-122aa3718807:15488",
    "protocolId": "3722",
    "metric": "revenue_usd",
    "period": "30d",
    "observedAt": "2026-09-22T21:51:34.223Z",
    "value": 889.04,
    "unit": "USD",
    "definition": "The governance fee, plus everything spent buying and burning HPO.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyRevenue",
    "methodology": {
      "UserFees": "Stakers pay no fees for using Hipo. The borrowers the pool lends to, who are validators, pay a fee out of their own share of each round's reward.",
      "Fees": "Validation rewards credited to the pool, summed from the treasury's repayment logs for the day, plus the GRAM that reached Hipo's buy-and-burn contract and was spent on HPO. The validators' own share of a round's reward is deducted before the pool is credited, so it is not counted here.",
      "Revenue": "The governance fee, plus everything spent buying and burning HPO.",
      "ProtocolRevenue": "The governance fee, deducted from the pool's reward before it reaches stakers. Its rate is set by Hipo's governor and can be zero.",
      "SupplySideRevenue": "Rewards credited to stakers, which reach them as a rise in the hGRAM exchange rate rather than as a separate claim.",
      "HoldersRevenue": "GRAM sent to Hipo's buy-and-burn contract, read from that contract's own income log so that returned change is excluded. It stakes the GRAM, buys HPO with the resulting hGRAM on DeDust, and burns it, lowering the total supply of HPO. Two sources pay it: the borrower fee forwarded by the treasury, and the realized profit of Hipo's HPO trading bot."
    }
  },
  {
    "id": "28ba3c2c-c546-48fa-b174-122aa3718807:21370",
    "protocolId": "3722",
    "metric": "holders_revenue_usd",
    "period": "24h",
    "observedAt": "2026-09-22T21:51:36.166Z",
    "value": 98,
    "unit": "USD",
    "definition": "GRAM sent to Hipo's buy-and-burn contract, read from that contract's own income log so that returned change is excluded. It stakes the GRAM, buys HPO with the resulting hGRAM on DeDust, and burns it, lowering the total supply of HPO. Two sources pay it: the borrower fee forwarded by the treasury, and the realized profit of Hipo's HPO trading bot.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyHoldersRevenue",
    "methodology": {
      "UserFees": "Stakers pay no fees for using Hipo. The borrowers the pool lends to, who are validators, pay a fee out of their own share of each round's reward.",
      "Fees": "Validation rewards credited to the pool, summed from the treasury's repayment logs for the day, plus the GRAM that reached Hipo's buy-and-burn contract and was spent on HPO. The validators' own share of a round's reward is deducted before the pool is credited, so it is not counted here.",
      "Revenue": "The governance fee, plus everything spent buying and burning HPO.",
      "ProtocolRevenue": "The governance fee, deducted from the pool's reward before it reaches stakers. Its rate is set by Hipo's governor and can be zero.",
      "SupplySideRevenue": "Rewards credited to stakers, which reach them as a rise in the hGRAM exchange rate rather than as a separate claim.",
      "HoldersRevenue": "GRAM sent to Hipo's buy-and-burn contract, read from that contract's own income log so that returned change is excluded. It stakes the GRAM, buys HPO with the resulting hGRAM on DeDust, and burns it, lowering the total supply of HPO. Two sources pay it: the borrower fee forwarded by the treasury, and the realized profit of Hipo's HPO trading bot."
    }
  },
  {
    "id": "28ba3c2c-c546-48fa-b174-122aa3718807:21371",
    "protocolId": "3722",
    "metric": "holders_revenue_usd",
    "period": "7d",
    "observedAt": "2026-09-22T21:51:36.166Z",
    "value": 397,
    "unit": "USD",
    "definition": "GRAM sent to Hipo's buy-and-burn contract, read from that contract's own income log so that returned change is excluded. It stakes the GRAM, buys HPO with the resulting hGRAM on DeDust, and burns it, lowering the total supply of HPO. Two sources pay it: the borrower fee forwarded by the treasury, and the realized profit of Hipo's HPO trading bot.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyHoldersRevenue",
    "methodology": {
      "UserFees": "Stakers pay no fees for using Hipo. The borrowers the pool lends to, who are validators, pay a fee out of their own share of each round's reward.",
      "Fees": "Validation rewards credited to the pool, summed from the treasury's repayment logs for the day, plus the GRAM that reached Hipo's buy-and-burn contract and was spent on HPO. The validators' own share of a round's reward is deducted before the pool is credited, so it is not counted here.",
      "Revenue": "The governance fee, plus everything spent buying and burning HPO.",
      "ProtocolRevenue": "The governance fee, deducted from the pool's reward before it reaches stakers. Its rate is set by Hipo's governor and can be zero.",
      "SupplySideRevenue": "Rewards credited to stakers, which reach them as a rise in the hGRAM exchange rate rather than as a separate claim.",
      "HoldersRevenue": "GRAM sent to Hipo's buy-and-burn contract, read from that contract's own income log so that returned change is excluded. It stakes the GRAM, buys HPO with the resulting hGRAM on DeDust, and burns it, lowering the total supply of HPO. Two sources pay it: the borrower fee forwarded by the treasury, and the realized profit of Hipo's HPO trading bot."
    }
  },
  {
    "id": "28ba3c2c-c546-48fa-b174-122aa3718807:21372",
    "protocolId": "3722",
    "metric": "holders_revenue_usd",
    "period": "30d",
    "observedAt": "2026-09-22T21:51:36.166Z",
    "value": 889.04,
    "unit": "USD",
    "definition": "GRAM sent to Hipo's buy-and-burn contract, read from that contract's own income log so that returned change is excluded. It stakes the GRAM, buys HPO with the resulting hGRAM on DeDust, and burns it, lowering the total supply of HPO. Two sources pay it: the borrower fee forwarded by the treasury, and the realized profit of Hipo's HPO trading bot.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyHoldersRevenue",
    "methodology": {
      "UserFees": "Stakers pay no fees for using Hipo. The borrowers the pool lends to, who are validators, pay a fee out of their own share of each round's reward.",
      "Fees": "Validation rewards credited to the pool, summed from the treasury's repayment logs for the day, plus the GRAM that reached Hipo's buy-and-burn contract and was spent on HPO. The validators' own share of a round's reward is deducted before the pool is credited, so it is not counted here.",
      "Revenue": "The governance fee, plus everything spent buying and burning HPO.",
      "ProtocolRevenue": "The governance fee, deducted from the pool's reward before it reaches stakers. Its rate is set by Hipo's governor and can be zero.",
      "SupplySideRevenue": "Rewards credited to stakers, which reach them as a rise in the hGRAM exchange rate rather than as a separate claim.",
      "HoldersRevenue": "GRAM sent to Hipo's buy-and-burn contract, read from that contract's own income log so that returned change is excluded. It stakes the GRAM, buys HPO with the resulting hGRAM on DeDust, and burns it, lowering the total supply of HPO. Two sources pay it: the borrower fee forwarded by the treasury, and the realized profit of Hipo's HPO trading bot."
    }
  },
  {
    "id": "643a86d5-0f73-414c-92e0-793343ff7d6c:673",
    "protocolId": "3722",
    "metric": "tvl_usd",
    "period": "point_in_time",
    "observedAt": "2026-09-24T00:45:17.400Z",
    "value": 10427843.815732066,
    "unit": "USD",
    "definition": "DeFiLlama protocol TVL at collection time",
    "sourceUrl": "https://api.llama.fi/protocols",
    "methodology": null
  },
  {
    "id": "643a86d5-0f73-414c-92e0-793343ff7d6c:8479",
    "protocolId": "3722",
    "metric": "fees_usd",
    "period": "24h",
    "observedAt": "2026-09-24T00:45:20.664Z",
    "value": 3476,
    "unit": "USD",
    "definition": "Validation rewards credited to the pool, summed from the treasury's repayment logs for the day, plus the GRAM that reached Hipo's buy-and-burn contract and was spent on HPO. The validators' own share of a round's reward is deducted before the pool is credited, so it is not counted here.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyFees",
    "methodology": {
      "UserFees": "Stakers pay no fees for using Hipo. The borrowers the pool lends to, who are validators, pay a fee out of their own share of each round's reward.",
      "Fees": "Validation rewards credited to the pool, summed from the treasury's repayment logs for the day, plus the GRAM that reached Hipo's buy-and-burn contract and was spent on HPO. The validators' own share of a round's reward is deducted before the pool is credited, so it is not counted here.",
      "Revenue": "The governance fee, plus everything spent buying and burning HPO.",
      "ProtocolRevenue": "The governance fee, deducted from the pool's reward before it reaches stakers. Its rate is set by Hipo's governor and can be zero.",
      "SupplySideRevenue": "Rewards credited to stakers, which reach them as a rise in the hGRAM exchange rate rather than as a separate claim.",
      "HoldersRevenue": "GRAM sent to Hipo's buy-and-burn contract, read from that contract's own income log so that returned change is excluded. It stakes the GRAM, buys HPO with the resulting hGRAM on DeDust, and burns it, lowering the total supply of HPO. Two sources pay it: the borrower fee forwarded by the treasury, and the realized profit of Hipo's HPO trading bot."
    }
  },
  {
    "id": "643a86d5-0f73-414c-92e0-793343ff7d6c:8480",
    "protocolId": "3722",
    "metric": "fees_usd",
    "period": "7d",
    "observedAt": "2026-09-24T00:45:20.664Z",
    "value": 34745,
    "unit": "USD",
    "definition": "Validation rewards credited to the pool, summed from the treasury's repayment logs for the day, plus the GRAM that reached Hipo's buy-and-burn contract and was spent on HPO. The validators' own share of a round's reward is deducted before the pool is credited, so it is not counted here.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyFees",
    "methodology": {
      "UserFees": "Stakers pay no fees for using Hipo. The borrowers the pool lends to, who are validators, pay a fee out of their own share of each round's reward.",
      "Fees": "Validation rewards credited to the pool, summed from the treasury's repayment logs for the day, plus the GRAM that reached Hipo's buy-and-burn contract and was spent on HPO. The validators' own share of a round's reward is deducted before the pool is credited, so it is not counted here.",
      "Revenue": "The governance fee, plus everything spent buying and burning HPO.",
      "ProtocolRevenue": "The governance fee, deducted from the pool's reward before it reaches stakers. Its rate is set by Hipo's governor and can be zero.",
      "SupplySideRevenue": "Rewards credited to stakers, which reach them as a rise in the hGRAM exchange rate rather than as a separate claim.",
      "HoldersRevenue": "GRAM sent to Hipo's buy-and-burn contract, read from that contract's own income log so that returned change is excluded. It stakes the GRAM, buys HPO with the resulting hGRAM on DeDust, and burns it, lowering the total supply of HPO. Two sources pay it: the borrower fee forwarded by the treasury, and the realized profit of Hipo's HPO trading bot."
    }
  },
  {
    "id": "643a86d5-0f73-414c-92e0-793343ff7d6c:8481",
    "protocolId": "3722",
    "metric": "fees_usd",
    "period": "30d",
    "observedAt": "2026-09-24T00:45:20.664Z",
    "value": 138081,
    "unit": "USD",
    "definition": "Validation rewards credited to the pool, summed from the treasury's repayment logs for the day, plus the GRAM that reached Hipo's buy-and-burn contract and was spent on HPO. The validators' own share of a round's reward is deducted before the pool is credited, so it is not counted here.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyFees",
    "methodology": {
      "UserFees": "Stakers pay no fees for using Hipo. The borrowers the pool lends to, who are validators, pay a fee out of their own share of each round's reward.",
      "Fees": "Validation rewards credited to the pool, summed from the treasury's repayment logs for the day, plus the GRAM that reached Hipo's buy-and-burn contract and was spent on HPO. The validators' own share of a round's reward is deducted before the pool is credited, so it is not counted here.",
      "Revenue": "The governance fee, plus everything spent buying and burning HPO.",
      "ProtocolRevenue": "The governance fee, deducted from the pool's reward before it reaches stakers. Its rate is set by Hipo's governor and can be zero.",
      "SupplySideRevenue": "Rewards credited to stakers, which reach them as a rise in the hGRAM exchange rate rather than as a separate claim.",
      "HoldersRevenue": "GRAM sent to Hipo's buy-and-burn contract, read from that contract's own income log so that returned change is excluded. It stakes the GRAM, buys HPO with the resulting hGRAM on DeDust, and burns it, lowering the total supply of HPO. Two sources pay it: the borrower fee forwarded by the treasury, and the realized profit of Hipo's HPO trading bot."
    }
  },
  {
    "id": "643a86d5-0f73-414c-92e0-793343ff7d6c:15499",
    "protocolId": "3722",
    "metric": "revenue_usd",
    "period": "24h",
    "observedAt": "2026-09-24T00:45:22.760Z",
    "value": 48,
    "unit": "USD",
    "definition": "The governance fee, plus everything spent buying and burning HPO.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyRevenue",
    "methodology": {
      "UserFees": "Stakers pay no fees for using Hipo. The borrowers the pool lends to, who are validators, pay a fee out of their own share of each round's reward.",
      "Fees": "Validation rewards credited to the pool, summed from the treasury's repayment logs for the day, plus the GRAM that reached Hipo's buy-and-burn contract and was spent on HPO. The validators' own share of a round's reward is deducted before the pool is credited, so it is not counted here.",
      "Revenue": "The governance fee, plus everything spent buying and burning HPO.",
      "ProtocolRevenue": "The governance fee, deducted from the pool's reward before it reaches stakers. Its rate is set by Hipo's governor and can be zero.",
      "SupplySideRevenue": "Rewards credited to stakers, which reach them as a rise in the hGRAM exchange rate rather than as a separate claim.",
      "HoldersRevenue": "GRAM sent to Hipo's buy-and-burn contract, read from that contract's own income log so that returned change is excluded. It stakes the GRAM, buys HPO with the resulting hGRAM on DeDust, and burns it, lowering the total supply of HPO. Two sources pay it: the borrower fee forwarded by the treasury, and the realized profit of Hipo's HPO trading bot."
    }
  },
  {
    "id": "643a86d5-0f73-414c-92e0-793343ff7d6c:15500",
    "protocolId": "3722",
    "metric": "revenue_usd",
    "period": "7d",
    "observedAt": "2026-09-24T00:45:22.760Z",
    "value": 459,
    "unit": "USD",
    "definition": "The governance fee, plus everything spent buying and burning HPO.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyRevenue",
    "methodology": {
      "UserFees": "Stakers pay no fees for using Hipo. The borrowers the pool lends to, who are validators, pay a fee out of their own share of each round's reward.",
      "Fees": "Validation rewards credited to the pool, summed from the treasury's repayment logs for the day, plus the GRAM that reached Hipo's buy-and-burn contract and was spent on HPO. The validators' own share of a round's reward is deducted before the pool is credited, so it is not counted here.",
      "Revenue": "The governance fee, plus everything spent buying and burning HPO.",
      "ProtocolRevenue": "The governance fee, deducted from the pool's reward before it reaches stakers. Its rate is set by Hipo's governor and can be zero.",
      "SupplySideRevenue": "Rewards credited to stakers, which reach them as a rise in the hGRAM exchange rate rather than as a separate claim.",
      "HoldersRevenue": "GRAM sent to Hipo's buy-and-burn contract, read from that contract's own income log so that returned change is excluded. It stakes the GRAM, buys HPO with the resulting hGRAM on DeDust, and burns it, lowering the total supply of HPO. Two sources pay it: the borrower fee forwarded by the treasury, and the realized profit of Hipo's HPO trading bot."
    }
  },
  {
    "id": "643a86d5-0f73-414c-92e0-793343ff7d6c:15501",
    "protocolId": "3722",
    "metric": "revenue_usd",
    "period": "30d",
    "observedAt": "2026-09-24T00:45:22.760Z",
    "value": 1035.04,
    "unit": "USD",
    "definition": "The governance fee, plus everything spent buying and burning HPO.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyRevenue",
    "methodology": {
      "UserFees": "Stakers pay no fees for using Hipo. The borrowers the pool lends to, who are validators, pay a fee out of their own share of each round's reward.",
      "Fees": "Validation rewards credited to the pool, summed from the treasury's repayment logs for the day, plus the GRAM that reached Hipo's buy-and-burn contract and was spent on HPO. The validators' own share of a round's reward is deducted before the pool is credited, so it is not counted here.",
      "Revenue": "The governance fee, plus everything spent buying and burning HPO.",
      "ProtocolRevenue": "The governance fee, deducted from the pool's reward before it reaches stakers. Its rate is set by Hipo's governor and can be zero.",
      "SupplySideRevenue": "Rewards credited to stakers, which reach them as a rise in the hGRAM exchange rate rather than as a separate claim.",
      "HoldersRevenue": "GRAM sent to Hipo's buy-and-burn contract, read from that contract's own income log so that returned change is excluded. It stakes the GRAM, buys HPO with the resulting hGRAM on DeDust, and burns it, lowering the total supply of HPO. Two sources pay it: the borrower fee forwarded by the treasury, and the realized profit of Hipo's HPO trading bot."
    }
  },
  {
    "id": "643a86d5-0f73-414c-92e0-793343ff7d6c:21390",
    "protocolId": "3722",
    "metric": "holders_revenue_usd",
    "period": "24h",
    "observedAt": "2026-09-24T00:45:24.661Z",
    "value": 48,
    "unit": "USD",
    "definition": "GRAM sent to Hipo's buy-and-burn contract, read from that contract's own income log so that returned change is excluded. It stakes the GRAM, buys HPO with the resulting hGRAM on DeDust, and burns it, lowering the total supply of HPO. Two sources pay it: the borrower fee forwarded by the treasury, and the realized profit of Hipo's HPO trading bot.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyHoldersRevenue",
    "methodology": {
      "UserFees": "Stakers pay no fees for using Hipo. The borrowers the pool lends to, who are validators, pay a fee out of their own share of each round's reward.",
      "Fees": "Validation rewards credited to the pool, summed from the treasury's repayment logs for the day, plus the GRAM that reached Hipo's buy-and-burn contract and was spent on HPO. The validators' own share of a round's reward is deducted before the pool is credited, so it is not counted here.",
      "Revenue": "The governance fee, plus everything spent buying and burning HPO.",
      "ProtocolRevenue": "The governance fee, deducted from the pool's reward before it reaches stakers. Its rate is set by Hipo's governor and can be zero.",
      "SupplySideRevenue": "Rewards credited to stakers, which reach them as a rise in the hGRAM exchange rate rather than as a separate claim.",
      "HoldersRevenue": "GRAM sent to Hipo's buy-and-burn contract, read from that contract's own income log so that returned change is excluded. It stakes the GRAM, buys HPO with the resulting hGRAM on DeDust, and burns it, lowering the total supply of HPO. Two sources pay it: the borrower fee forwarded by the treasury, and the realized profit of Hipo's HPO trading bot."
    }
  },
  {
    "id": "643a86d5-0f73-414c-92e0-793343ff7d6c:21391",
    "protocolId": "3722",
    "metric": "holders_revenue_usd",
    "period": "7d",
    "observedAt": "2026-09-24T00:45:24.661Z",
    "value": 459,
    "unit": "USD",
    "definition": "GRAM sent to Hipo's buy-and-burn contract, read from that contract's own income log so that returned change is excluded. It stakes the GRAM, buys HPO with the resulting hGRAM on DeDust, and burns it, lowering the total supply of HPO. Two sources pay it: the borrower fee forwarded by the treasury, and the realized profit of Hipo's HPO trading bot.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyHoldersRevenue",
    "methodology": {
      "UserFees": "Stakers pay no fees for using Hipo. The borrowers the pool lends to, who are validators, pay a fee out of their own share of each round's reward.",
      "Fees": "Validation rewards credited to the pool, summed from the treasury's repayment logs for the day, plus the GRAM that reached Hipo's buy-and-burn contract and was spent on HPO. The validators' own share of a round's reward is deducted before the pool is credited, so it is not counted here.",
      "Revenue": "The governance fee, plus everything spent buying and burning HPO.",
      "ProtocolRevenue": "The governance fee, deducted from the pool's reward before it reaches stakers. Its rate is set by Hipo's governor and can be zero.",
      "SupplySideRevenue": "Rewards credited to stakers, which reach them as a rise in the hGRAM exchange rate rather than as a separate claim.",
      "HoldersRevenue": "GRAM sent to Hipo's buy-and-burn contract, read from that contract's own income log so that returned change is excluded. It stakes the GRAM, buys HPO with the resulting hGRAM on DeDust, and burns it, lowering the total supply of HPO. Two sources pay it: the borrower fee forwarded by the treasury, and the realized profit of Hipo's HPO trading bot."
    }
  },
  {
    "id": "643a86d5-0f73-414c-92e0-793343ff7d6c:21392",
    "protocolId": "3722",
    "metric": "holders_revenue_usd",
    "period": "30d",
    "observedAt": "2026-09-24T00:45:24.661Z",
    "value": 1035.04,
    "unit": "USD",
    "definition": "GRAM sent to Hipo's buy-and-burn contract, read from that contract's own income log so that returned change is excluded. It stakes the GRAM, buys HPO with the resulting hGRAM on DeDust, and burns it, lowering the total supply of HPO. Two sources pay it: the borrower fee forwarded by the treasury, and the realized profit of Hipo's HPO trading bot.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyHoldersRevenue",
    "methodology": {
      "UserFees": "Stakers pay no fees for using Hipo. The borrowers the pool lends to, who are validators, pay a fee out of their own share of each round's reward.",
      "Fees": "Validation rewards credited to the pool, summed from the treasury's repayment logs for the day, plus the GRAM that reached Hipo's buy-and-burn contract and was spent on HPO. The validators' own share of a round's reward is deducted before the pool is credited, so it is not counted here.",
      "Revenue": "The governance fee, plus everything spent buying and burning HPO.",
      "ProtocolRevenue": "The governance fee, deducted from the pool's reward before it reaches stakers. Its rate is set by Hipo's governor and can be zero.",
      "SupplySideRevenue": "Rewards credited to stakers, which reach them as a rise in the hGRAM exchange rate rather than as a separate claim.",
      "HoldersRevenue": "GRAM sent to Hipo's buy-and-burn contract, read from that contract's own income log so that returned change is excluded. It stakes the GRAM, buys HPO with the resulting hGRAM on DeDust, and burns it, lowering the total supply of HPO. Two sources pay it: the borrower fee forwarded by the treasury, and the realized profit of Hipo's HPO trading bot."
    }
  },
  {
    "id": "c9ebdfa7-8140-48de-9184-9cab30c2f5a7:638",
    "protocolId": "3722",
    "metric": "tvl_usd",
    "period": "point_in_time",
    "observedAt": "2026-09-28T02:01:00.253Z",
    "value": 11968359.894860594,
    "unit": "USD",
    "definition": "DeFiLlama protocol TVL at collection time",
    "sourceUrl": "https://api.llama.fi/protocols",
    "methodology": null
  },
  {
    "id": "c9ebdfa7-8140-48de-9184-9cab30c2f5a7:8510",
    "protocolId": "3722",
    "metric": "fees_usd",
    "period": "24h",
    "observedAt": "2026-09-28T02:01:02.842Z",
    "value": 3967,
    "unit": "USD",
    "definition": "Validation rewards credited to the pool, summed from the treasury's repayment logs for the day, plus the GRAM that reached Hipo's buy-and-burn contract and was spent on HPO. The validators' own share of a round's reward is deducted before the pool is credited, so it is not counted here.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyFees",
    "methodology": {
      "UserFees": "Stakers pay no fees for using Hipo. The borrowers the pool lends to, who are validators, pay a fee out of their own share of each round's reward.",
      "Fees": "Validation rewards credited to the pool, summed from the treasury's repayment logs for the day, plus the GRAM that reached Hipo's buy-and-burn contract and was spent on HPO. The validators' own share of a round's reward is deducted before the pool is credited, so it is not counted here.",
      "Revenue": "The governance fee, plus everything spent buying and burning HPO.",
      "ProtocolRevenue": "The governance fee, deducted from the pool's reward before it reaches stakers. Its rate is set by Hipo's governor and can be zero.",
      "SupplySideRevenue": "Rewards credited to stakers, which reach them as a rise in the hGRAM exchange rate rather than as a separate claim.",
      "HoldersRevenue": "GRAM sent to Hipo's buy-and-burn contract, read from that contract's own income log so that returned change is excluded. It stakes the GRAM, buys HPO with the resulting hGRAM on DeDust, and burns it, lowering the total supply of HPO. Two sources pay it: the borrower fee forwarded by the treasury, and the realized profit of Hipo's HPO trading bot."
    }
  },
  {
    "id": "c9ebdfa7-8140-48de-9184-9cab30c2f5a7:8511",
    "protocolId": "3722",
    "metric": "fees_usd",
    "period": "7d",
    "observedAt": "2026-09-28T02:01:02.842Z",
    "value": 31925,
    "unit": "USD",
    "definition": "Validation rewards credited to the pool, summed from the treasury's repayment logs for the day, plus the GRAM that reached Hipo's buy-and-burn contract and was spent on HPO. The validators' own share of a round's reward is deducted before the pool is credited, so it is not counted here.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyFees",
    "methodology": {
      "UserFees": "Stakers pay no fees for using Hipo. The borrowers the pool lends to, who are validators, pay a fee out of their own share of each round's reward.",
      "Fees": "Validation rewards credited to the pool, summed from the treasury's repayment logs for the day, plus the GRAM that reached Hipo's buy-and-burn contract and was spent on HPO. The validators' own share of a round's reward is deducted before the pool is credited, so it is not counted here.",
      "Revenue": "The governance fee, plus everything spent buying and burning HPO.",
      "ProtocolRevenue": "The governance fee, deducted from the pool's reward before it reaches stakers. Its rate is set by Hipo's governor and can be zero.",
      "SupplySideRevenue": "Rewards credited to stakers, which reach them as a rise in the hGRAM exchange rate rather than as a separate claim.",
      "HoldersRevenue": "GRAM sent to Hipo's buy-and-burn contract, read from that contract's own income log so that returned change is excluded. It stakes the GRAM, buys HPO with the resulting hGRAM on DeDust, and burns it, lowering the total supply of HPO. Two sources pay it: the borrower fee forwarded by the treasury, and the realized profit of Hipo's HPO trading bot."
    }
  },
  {
    "id": "c9ebdfa7-8140-48de-9184-9cab30c2f5a7:8512",
    "protocolId": "3722",
    "metric": "fees_usd",
    "period": "30d",
    "observedAt": "2026-09-28T02:01:02.842Z",
    "value": 137160,
    "unit": "USD",
    "definition": "Validation rewards credited to the pool, summed from the treasury's repayment logs for the day, plus the GRAM that reached Hipo's buy-and-burn contract and was spent on HPO. The validators' own share of a round's reward is deducted before the pool is credited, so it is not counted here.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyFees",
    "methodology": {
      "UserFees": "Stakers pay no fees for using Hipo. The borrowers the pool lends to, who are validators, pay a fee out of their own share of each round's reward.",
      "Fees": "Validation rewards credited to the pool, summed from the treasury's repayment logs for the day, plus the GRAM that reached Hipo's buy-and-burn contract and was spent on HPO. The validators' own share of a round's reward is deducted before the pool is credited, so it is not counted here.",
      "Revenue": "The governance fee, plus everything spent buying and burning HPO.",
      "ProtocolRevenue": "The governance fee, deducted from the pool's reward before it reaches stakers. Its rate is set by Hipo's governor and can be zero.",
      "SupplySideRevenue": "Rewards credited to stakers, which reach them as a rise in the hGRAM exchange rate rather than as a separate claim.",
      "HoldersRevenue": "GRAM sent to Hipo's buy-and-burn contract, read from that contract's own income log so that returned change is excluded. It stakes the GRAM, buys HPO with the resulting hGRAM on DeDust, and burns it, lowering the total supply of HPO. Two sources pay it: the borrower fee forwarded by the treasury, and the realized profit of Hipo's HPO trading bot."
    }
  },
  {
    "id": "c9ebdfa7-8140-48de-9184-9cab30c2f5a7:15645",
    "protocolId": "3722",
    "metric": "revenue_usd",
    "period": "24h",
    "observedAt": "2026-09-28T02:01:05.968Z",
    "value": 55,
    "unit": "USD",
    "definition": "The governance fee, plus everything spent buying and burning HPO.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyRevenue",
    "methodology": {
      "UserFees": "Stakers pay no fees for using Hipo. The borrowers the pool lends to, who are validators, pay a fee out of their own share of each round's reward.",
      "Fees": "Validation rewards credited to the pool, summed from the treasury's repayment logs for the day, plus the GRAM that reached Hipo's buy-and-burn contract and was spent on HPO. The validators' own share of a round's reward is deducted before the pool is credited, so it is not counted here.",
      "Revenue": "The governance fee, plus everything spent buying and burning HPO.",
      "ProtocolRevenue": "The governance fee, deducted from the pool's reward before it reaches stakers. Its rate is set by Hipo's governor and can be zero.",
      "SupplySideRevenue": "Rewards credited to stakers, which reach them as a rise in the hGRAM exchange rate rather than as a separate claim.",
      "HoldersRevenue": "GRAM sent to Hipo's buy-and-burn contract, read from that contract's own income log so that returned change is excluded. It stakes the GRAM, buys HPO with the resulting hGRAM on DeDust, and burns it, lowering the total supply of HPO. Two sources pay it: the borrower fee forwarded by the treasury, and the realized profit of Hipo's HPO trading bot."
    }
  },
  {
    "id": "c9ebdfa7-8140-48de-9184-9cab30c2f5a7:15646",
    "protocolId": "3722",
    "metric": "revenue_usd",
    "period": "7d",
    "observedAt": "2026-09-28T02:01:05.968Z",
    "value": 442,
    "unit": "USD",
    "definition": "The governance fee, plus everything spent buying and burning HPO.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyRevenue",
    "methodology": {
      "UserFees": "Stakers pay no fees for using Hipo. The borrowers the pool lends to, who are validators, pay a fee out of their own share of each round's reward.",
      "Fees": "Validation rewards credited to the pool, summed from the treasury's repayment logs for the day, plus the GRAM that reached Hipo's buy-and-burn contract and was spent on HPO. The validators' own share of a round's reward is deducted before the pool is credited, so it is not counted here.",
      "Revenue": "The governance fee, plus everything spent buying and burning HPO.",
      "ProtocolRevenue": "The governance fee, deducted from the pool's reward before it reaches stakers. Its rate is set by Hipo's governor and can be zero.",
      "SupplySideRevenue": "Rewards credited to stakers, which reach them as a rise in the hGRAM exchange rate rather than as a separate claim.",
      "HoldersRevenue": "GRAM sent to Hipo's buy-and-burn contract, read from that contract's own income log so that returned change is excluded. It stakes the GRAM, buys HPO with the resulting hGRAM on DeDust, and burns it, lowering the total supply of HPO. Two sources pay it: the borrower fee forwarded by the treasury, and the realized profit of Hipo's HPO trading bot."
    }
  },
  {
    "id": "c9ebdfa7-8140-48de-9184-9cab30c2f5a7:15647",
    "protocolId": "3722",
    "metric": "revenue_usd",
    "period": "30d",
    "observedAt": "2026-09-28T02:01:05.968Z",
    "value": 1285.04,
    "unit": "USD",
    "definition": "The governance fee, plus everything spent buying and burning HPO.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyRevenue",
    "methodology": {
      "UserFees": "Stakers pay no fees for using Hipo. The borrowers the pool lends to, who are validators, pay a fee out of their own share of each round's reward.",
      "Fees": "Validation rewards credited to the pool, summed from the treasury's repayment logs for the day, plus the GRAM that reached Hipo's buy-and-burn contract and was spent on HPO. The validators' own share of a round's reward is deducted before the pool is credited, so it is not counted here.",
      "Revenue": "The governance fee, plus everything spent buying and burning HPO.",
      "ProtocolRevenue": "The governance fee, deducted from the pool's reward before it reaches stakers. Its rate is set by Hipo's governor and can be zero.",
      "SupplySideRevenue": "Rewards credited to stakers, which reach them as a rise in the hGRAM exchange rate rather than as a separate claim.",
      "HoldersRevenue": "GRAM sent to Hipo's buy-and-burn contract, read from that contract's own income log so that returned change is excluded. It stakes the GRAM, buys HPO with the resulting hGRAM on DeDust, and burns it, lowering the total supply of HPO. Two sources pay it: the borrower fee forwarded by the treasury, and the realized profit of Hipo's HPO trading bot."
    }
  },
  {
    "id": "c9ebdfa7-8140-48de-9184-9cab30c2f5a7:21651",
    "protocolId": "3722",
    "metric": "holders_revenue_usd",
    "period": "24h",
    "observedAt": "2026-09-28T02:01:07.697Z",
    "value": 55,
    "unit": "USD",
    "definition": "GRAM sent to Hipo's buy-and-burn contract, read from that contract's own income log so that returned change is excluded. It stakes the GRAM, buys HPO with the resulting hGRAM on DeDust, and burns it, lowering the total supply of HPO. Two sources pay it: the borrower fee forwarded by the treasury, and the realized profit of Hipo's HPO trading bot.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyHoldersRevenue",
    "methodology": {
      "UserFees": "Stakers pay no fees for using Hipo. The borrowers the pool lends to, who are validators, pay a fee out of their own share of each round's reward.",
      "Fees": "Validation rewards credited to the pool, summed from the treasury's repayment logs for the day, plus the GRAM that reached Hipo's buy-and-burn contract and was spent on HPO. The validators' own share of a round's reward is deducted before the pool is credited, so it is not counted here.",
      "Revenue": "The governance fee, plus everything spent buying and burning HPO.",
      "ProtocolRevenue": "The governance fee, deducted from the pool's reward before it reaches stakers. Its rate is set by Hipo's governor and can be zero.",
      "SupplySideRevenue": "Rewards credited to stakers, which reach them as a rise in the hGRAM exchange rate rather than as a separate claim.",
      "HoldersRevenue": "GRAM sent to Hipo's buy-and-burn contract, read from that contract's own income log so that returned change is excluded. It stakes the GRAM, buys HPO with the resulting hGRAM on DeDust, and burns it, lowering the total supply of HPO. Two sources pay it: the borrower fee forwarded by the treasury, and the realized profit of Hipo's HPO trading bot."
    }
  },
  {
    "id": "c9ebdfa7-8140-48de-9184-9cab30c2f5a7:21652",
    "protocolId": "3722",
    "metric": "holders_revenue_usd",
    "period": "7d",
    "observedAt": "2026-09-28T02:01:07.697Z",
    "value": 442,
    "unit": "USD",
    "definition": "GRAM sent to Hipo's buy-and-burn contract, read from that contract's own income log so that returned change is excluded. It stakes the GRAM, buys HPO with the resulting hGRAM on DeDust, and burns it, lowering the total supply of HPO. Two sources pay it: the borrower fee forwarded by the treasury, and the realized profit of Hipo's HPO trading bot.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyHoldersRevenue",
    "methodology": {
      "UserFees": "Stakers pay no fees for using Hipo. The borrowers the pool lends to, who are validators, pay a fee out of their own share of each round's reward.",
      "Fees": "Validation rewards credited to the pool, summed from the treasury's repayment logs for the day, plus the GRAM that reached Hipo's buy-and-burn contract and was spent on HPO. The validators' own share of a round's reward is deducted before the pool is credited, so it is not counted here.",
      "Revenue": "The governance fee, plus everything spent buying and burning HPO.",
      "ProtocolRevenue": "The governance fee, deducted from the pool's reward before it reaches stakers. Its rate is set by Hipo's governor and can be zero.",
      "SupplySideRevenue": "Rewards credited to stakers, which reach them as a rise in the hGRAM exchange rate rather than as a separate claim.",
      "HoldersRevenue": "GRAM sent to Hipo's buy-and-burn contract, read from that contract's own income log so that returned change is excluded. It stakes the GRAM, buys HPO with the resulting hGRAM on DeDust, and burns it, lowering the total supply of HPO. Two sources pay it: the borrower fee forwarded by the treasury, and the realized profit of Hipo's HPO trading bot."
    }
  },
  {
    "id": "c9ebdfa7-8140-48de-9184-9cab30c2f5a7:21653",
    "protocolId": "3722",
    "metric": "holders_revenue_usd",
    "period": "30d",
    "observedAt": "2026-09-28T02:01:07.697Z",
    "value": 1285.04,
    "unit": "USD",
    "definition": "GRAM sent to Hipo's buy-and-burn contract, read from that contract's own income log so that returned change is excluded. It stakes the GRAM, buys HPO with the resulting hGRAM on DeDust, and burns it, lowering the total supply of HPO. Two sources pay it: the borrower fee forwarded by the treasury, and the realized profit of Hipo's HPO trading bot.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyHoldersRevenue",
    "methodology": {
      "UserFees": "Stakers pay no fees for using Hipo. The borrowers the pool lends to, who are validators, pay a fee out of their own share of each round's reward.",
      "Fees": "Validation rewards credited to the pool, summed from the treasury's repayment logs for the day, plus the GRAM that reached Hipo's buy-and-burn contract and was spent on HPO. The validators' own share of a round's reward is deducted before the pool is credited, so it is not counted here.",
      "Revenue": "The governance fee, plus everything spent buying and burning HPO.",
      "ProtocolRevenue": "The governance fee, deducted from the pool's reward before it reaches stakers. Its rate is set by Hipo's governor and can be zero.",
      "SupplySideRevenue": "Rewards credited to stakers, which reach them as a rise in the hGRAM exchange rate rather than as a separate claim.",
      "HoldersRevenue": "GRAM sent to Hipo's buy-and-burn contract, read from that contract's own income log so that returned change is excluded. It stakes the GRAM, buys HPO with the resulting hGRAM on DeDust, and burns it, lowering the total supply of HPO. Two sources pay it: the borrower fee forwarded by the treasury, and the realized profit of Hipo's HPO trading bot."
    }
  },
  {
    "id": "a37eade5-b5bd-4300-8bbc-62904da0a3f6:635",
    "protocolId": "3722",
    "metric": "tvl_usd",
    "period": "point_in_time",
    "observedAt": "2026-10-06T16:53:29.731Z",
    "value": 12620512.201677859,
    "unit": "USD",
    "definition": "DeFiLlama protocol TVL at collection time",
    "sourceUrl": "https://api.llama.fi/protocols",
    "methodology": null
  },
  {
    "id": "a37eade5-b5bd-4300-8bbc-62904da0a3f6:8586",
    "protocolId": "3722",
    "metric": "fees_usd",
    "period": "24h",
    "observedAt": "2026-10-06T16:53:35.959Z",
    "value": 8280,
    "unit": "USD",
    "definition": "Validation rewards credited to the pool, summed from the treasury's repayment logs for the day, plus the GRAM that reached Hipo's buy-and-burn contract and was spent on HPO. The validators' own share of a round's reward is deducted before the pool is credited, so it is not counted here.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyFees",
    "methodology": {
      "UserFees": "Stakers pay no fees for using Hipo. The borrowers the pool lends to, who are validators, pay a fee out of their own share of each round's reward.",
      "Fees": "Validation rewards credited to the pool, summed from the treasury's repayment logs for the day, plus the GRAM that reached Hipo's buy-and-burn contract and was spent on HPO. The validators' own share of a round's reward is deducted before the pool is credited, so it is not counted here.",
      "Revenue": "The governance fee, plus everything spent buying and burning HPO.",
      "ProtocolRevenue": "The governance fee, deducted from the pool's reward before it reaches stakers. Its rate is set by Hipo's governor and can be zero.",
      "SupplySideRevenue": "Rewards credited to stakers, which reach them as a rise in the hGRAM exchange rate rather than as a separate claim.",
      "HoldersRevenue": "GRAM sent to Hipo's buy-and-burn contract, read from that contract's own income log so that returned change is excluded. It stakes the GRAM, buys HPO with the resulting hGRAM on DeDust, and burns it, lowering the total supply of HPO. Two sources pay it: the borrower fee forwarded by the treasury, and the realized profit of Hipo's HPO trading bot."
    }
  },
  {
    "id": "a37eade5-b5bd-4300-8bbc-62904da0a3f6:8587",
    "protocolId": "3722",
    "metric": "fees_usd",
    "period": "7d",
    "observedAt": "2026-10-06T16:53:35.959Z",
    "value": 37997,
    "unit": "USD",
    "definition": "Validation rewards credited to the pool, summed from the treasury's repayment logs for the day, plus the GRAM that reached Hipo's buy-and-burn contract and was spent on HPO. The validators' own share of a round's reward is deducted before the pool is credited, so it is not counted here.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyFees",
    "methodology": {
      "UserFees": "Stakers pay no fees for using Hipo. The borrowers the pool lends to, who are validators, pay a fee out of their own share of each round's reward.",
      "Fees": "Validation rewards credited to the pool, summed from the treasury's repayment logs for the day, plus the GRAM that reached Hipo's buy-and-burn contract and was spent on HPO. The validators' own share of a round's reward is deducted before the pool is credited, so it is not counted here.",
      "Revenue": "The governance fee, plus everything spent buying and burning HPO.",
      "ProtocolRevenue": "The governance fee, deducted from the pool's reward before it reaches stakers. Its rate is set by Hipo's governor and can be zero.",
      "SupplySideRevenue": "Rewards credited to stakers, which reach them as a rise in the hGRAM exchange rate rather than as a separate claim.",
      "HoldersRevenue": "GRAM sent to Hipo's buy-and-burn contract, read from that contract's own income log so that returned change is excluded. It stakes the GRAM, buys HPO with the resulting hGRAM on DeDust, and burns it, lowering the total supply of HPO. Two sources pay it: the borrower fee forwarded by the treasury, and the realized profit of Hipo's HPO trading bot."
    }
  },
  {
    "id": "a37eade5-b5bd-4300-8bbc-62904da0a3f6:8588",
    "protocolId": "3722",
    "metric": "fees_usd",
    "period": "30d",
    "observedAt": "2026-10-06T16:53:35.959Z",
    "value": 147474,
    "unit": "USD",
    "definition": "Validation rewards credited to the pool, summed from the treasury's repayment logs for the day, plus the GRAM that reached Hipo's buy-and-burn contract and was spent on HPO. The validators' own share of a round's reward is deducted before the pool is credited, so it is not counted here.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyFees",
    "methodology": {
      "UserFees": "Stakers pay no fees for using Hipo. The borrowers the pool lends to, who are validators, pay a fee out of their own share of each round's reward.",
      "Fees": "Validation rewards credited to the pool, summed from the treasury's repayment logs for the day, plus the GRAM that reached Hipo's buy-and-burn contract and was spent on HPO. The validators' own share of a round's reward is deducted before the pool is credited, so it is not counted here.",
      "Revenue": "The governance fee, plus everything spent buying and burning HPO.",
      "ProtocolRevenue": "The governance fee, deducted from the pool's reward before it reaches stakers. Its rate is set by Hipo's governor and can be zero.",
      "SupplySideRevenue": "Rewards credited to stakers, which reach them as a rise in the hGRAM exchange rate rather than as a separate claim.",
      "HoldersRevenue": "GRAM sent to Hipo's buy-and-burn contract, read from that contract's own income log so that returned change is excluded. It stakes the GRAM, buys HPO with the resulting hGRAM on DeDust, and burns it, lowering the total supply of HPO. Two sources pay it: the borrower fee forwarded by the treasury, and the realized profit of Hipo's HPO trading bot."
    }
  },
  {
    "id": "a37eade5-b5bd-4300-8bbc-62904da0a3f6:15890",
    "protocolId": "3722",
    "metric": "revenue_usd",
    "period": "24h",
    "observedAt": "2026-10-06T16:53:37.853Z",
    "value": 110,
    "unit": "USD",
    "definition": "The governance fee, plus everything spent buying and burning HPO.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyRevenue",
    "methodology": {
      "UserFees": "Stakers pay no fees for using Hipo. The borrowers the pool lends to, who are validators, pay a fee out of their own share of each round's reward.",
      "Fees": "Validation rewards credited to the pool, summed from the treasury's repayment logs for the day, plus the GRAM that reached Hipo's buy-and-burn contract and was spent on HPO. The validators' own share of a round's reward is deducted before the pool is credited, so it is not counted here.",
      "Revenue": "The governance fee, plus everything spent buying and burning HPO.",
      "ProtocolRevenue": "The governance fee, deducted from the pool's reward before it reaches stakers. Its rate is set by Hipo's governor and can be zero.",
      "SupplySideRevenue": "Rewards credited to stakers, which reach them as a rise in the hGRAM exchange rate rather than as a separate claim.",
      "HoldersRevenue": "GRAM sent to Hipo's buy-and-burn contract, read from that contract's own income log so that returned change is excluded. It stakes the GRAM, buys HPO with the resulting hGRAM on DeDust, and burns it, lowering the total supply of HPO. Two sources pay it: the borrower fee forwarded by the treasury, and the realized profit of Hipo's HPO trading bot."
    }
  },
  {
    "id": "a37eade5-b5bd-4300-8bbc-62904da0a3f6:15891",
    "protocolId": "3722",
    "metric": "revenue_usd",
    "period": "7d",
    "observedAt": "2026-10-06T16:53:37.853Z",
    "value": 512,
    "unit": "USD",
    "definition": "The governance fee, plus everything spent buying and burning HPO.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyRevenue",
    "methodology": {
      "UserFees": "Stakers pay no fees for using Hipo. The borrowers the pool lends to, who are validators, pay a fee out of their own share of each round's reward.",
      "Fees": "Validation rewards credited to the pool, summed from the treasury's repayment logs for the day, plus the GRAM that reached Hipo's buy-and-burn contract and was spent on HPO. The validators' own share of a round's reward is deducted before the pool is credited, so it is not counted here.",
      "Revenue": "The governance fee, plus everything spent buying and burning HPO.",
      "ProtocolRevenue": "The governance fee, deducted from the pool's reward before it reaches stakers. Its rate is set by Hipo's governor and can be zero.",
      "SupplySideRevenue": "Rewards credited to stakers, which reach them as a rise in the hGRAM exchange rate rather than as a separate claim.",
      "HoldersRevenue": "GRAM sent to Hipo's buy-and-burn contract, read from that contract's own income log so that returned change is excluded. It stakes the GRAM, buys HPO with the resulting hGRAM on DeDust, and burns it, lowering the total supply of HPO. Two sources pay it: the borrower fee forwarded by the treasury, and the realized profit of Hipo's HPO trading bot."
    }
  },
  {
    "id": "a37eade5-b5bd-4300-8bbc-62904da0a3f6:15892",
    "protocolId": "3722",
    "metric": "revenue_usd",
    "period": "30d",
    "observedAt": "2026-10-06T16:53:37.853Z",
    "value": 1907.03,
    "unit": "USD",
    "definition": "The governance fee, plus everything spent buying and burning HPO.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyRevenue",
    "methodology": {
      "UserFees": "Stakers pay no fees for using Hipo. The borrowers the pool lends to, who are validators, pay a fee out of their own share of each round's reward.",
      "Fees": "Validation rewards credited to the pool, summed from the treasury's repayment logs for the day, plus the GRAM that reached Hipo's buy-and-burn contract and was spent on HPO. The validators' own share of a round's reward is deducted before the pool is credited, so it is not counted here.",
      "Revenue": "The governance fee, plus everything spent buying and burning HPO.",
      "ProtocolRevenue": "The governance fee, deducted from the pool's reward before it reaches stakers. Its rate is set by Hipo's governor and can be zero.",
      "SupplySideRevenue": "Rewards credited to stakers, which reach them as a rise in the hGRAM exchange rate rather than as a separate claim.",
      "HoldersRevenue": "GRAM sent to Hipo's buy-and-burn contract, read from that contract's own income log so that returned change is excluded. It stakes the GRAM, buys HPO with the resulting hGRAM on DeDust, and burns it, lowering the total supply of HPO. Two sources pay it: the borrower fee forwarded by the treasury, and the realized profit of Hipo's HPO trading bot."
    }
  },
  {
    "id": "a37eade5-b5bd-4300-8bbc-62904da0a3f6:22060",
    "protocolId": "3722",
    "metric": "holders_revenue_usd",
    "period": "24h",
    "observedAt": "2026-10-06T16:53:43.735Z",
    "value": 110,
    "unit": "USD",
    "definition": "GRAM sent to Hipo's buy-and-burn contract, read from that contract's own income log so that returned change is excluded. It stakes the GRAM, buys HPO with the resulting hGRAM on DeDust, and burns it, lowering the total supply of HPO. Two sources pay it: the borrower fee forwarded by the treasury, and the realized profit of Hipo's HPO trading bot.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyHoldersRevenue",
    "methodology": {
      "UserFees": "Stakers pay no fees for using Hipo. The borrowers the pool lends to, who are validators, pay a fee out of their own share of each round's reward.",
      "Fees": "Validation rewards credited to the pool, summed from the treasury's repayment logs for the day, plus the GRAM that reached Hipo's buy-and-burn contract and was spent on HPO. The validators' own share of a round's reward is deducted before the pool is credited, so it is not counted here.",
      "Revenue": "The governance fee, plus everything spent buying and burning HPO.",
      "ProtocolRevenue": "The governance fee, deducted from the pool's reward before it reaches stakers. Its rate is set by Hipo's governor and can be zero.",
      "SupplySideRevenue": "Rewards credited to stakers, which reach them as a rise in the hGRAM exchange rate rather than as a separate claim.",
      "HoldersRevenue": "GRAM sent to Hipo's buy-and-burn contract, read from that contract's own income log so that returned change is excluded. It stakes the GRAM, buys HPO with the resulting hGRAM on DeDust, and burns it, lowering the total supply of HPO. Two sources pay it: the borrower fee forwarded by the treasury, and the realized profit of Hipo's HPO trading bot."
    }
  },
  {
    "id": "a37eade5-b5bd-4300-8bbc-62904da0a3f6:22061",
    "protocolId": "3722",
    "metric": "holders_revenue_usd",
    "period": "7d",
    "observedAt": "2026-10-06T16:53:43.735Z",
    "value": 512,
    "unit": "USD",
    "definition": "GRAM sent to Hipo's buy-and-burn contract, read from that contract's own income log so that returned change is excluded. It stakes the GRAM, buys HPO with the resulting hGRAM on DeDust, and burns it, lowering the total supply of HPO. Two sources pay it: the borrower fee forwarded by the treasury, and the realized profit of Hipo's HPO trading bot.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyHoldersRevenue",
    "methodology": {
      "UserFees": "Stakers pay no fees for using Hipo. The borrowers the pool lends to, who are validators, pay a fee out of their own share of each round's reward.",
      "Fees": "Validation rewards credited to the pool, summed from the treasury's repayment logs for the day, plus the GRAM that reached Hipo's buy-and-burn contract and was spent on HPO. The validators' own share of a round's reward is deducted before the pool is credited, so it is not counted here.",
      "Revenue": "The governance fee, plus everything spent buying and burning HPO.",
      "ProtocolRevenue": "The governance fee, deducted from the pool's reward before it reaches stakers. Its rate is set by Hipo's governor and can be zero.",
      "SupplySideRevenue": "Rewards credited to stakers, which reach them as a rise in the hGRAM exchange rate rather than as a separate claim.",
      "HoldersRevenue": "GRAM sent to Hipo's buy-and-burn contract, read from that contract's own income log so that returned change is excluded. It stakes the GRAM, buys HPO with the resulting hGRAM on DeDust, and burns it, lowering the total supply of HPO. Two sources pay it: the borrower fee forwarded by the treasury, and the realized profit of Hipo's HPO trading bot."
    }
  },
  {
    "id": "a37eade5-b5bd-4300-8bbc-62904da0a3f6:22062",
    "protocolId": "3722",
    "metric": "holders_revenue_usd",
    "period": "30d",
    "observedAt": "2026-10-06T16:53:43.735Z",
    "value": 1907.03,
    "unit": "USD",
    "definition": "GRAM sent to Hipo's buy-and-burn contract, read from that contract's own income log so that returned change is excluded. It stakes the GRAM, buys HPO with the resulting hGRAM on DeDust, and burns it, lowering the total supply of HPO. Two sources pay it: the borrower fee forwarded by the treasury, and the realized profit of Hipo's HPO trading bot.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyHoldersRevenue",
    "methodology": {
      "UserFees": "Stakers pay no fees for using Hipo. The borrowers the pool lends to, who are validators, pay a fee out of their own share of each round's reward.",
      "Fees": "Validation rewards credited to the pool, summed from the treasury's repayment logs for the day, plus the GRAM that reached Hipo's buy-and-burn contract and was spent on HPO. The validators' own share of a round's reward is deducted before the pool is credited, so it is not counted here.",
      "Revenue": "The governance fee, plus everything spent buying and burning HPO.",
      "ProtocolRevenue": "The governance fee, deducted from the pool's reward before it reaches stakers. Its rate is set by Hipo's governor and can be zero.",
      "SupplySideRevenue": "Rewards credited to stakers, which reach them as a rise in the hGRAM exchange rate rather than as a separate claim.",
      "HoldersRevenue": "GRAM sent to Hipo's buy-and-burn contract, read from that contract's own income log so that returned change is excluded. It stakes the GRAM, buys HPO with the resulting hGRAM on DeDust, and burns it, lowering the total supply of HPO. Two sources pay it: the borrower fee forwarded by the treasury, and the realized profit of Hipo's HPO trading bot."
    }
  },
  {
    "id": "5fde7da8-3c37-4879-8995-06f079ce2348:646",
    "protocolId": "3722",
    "metric": "tvl_usd",
    "period": "point_in_time",
    "observedAt": "2026-10-11T04:49:10.103Z",
    "value": 11573411.28670638,
    "unit": "USD",
    "definition": "DeFiLlama protocol TVL at collection time",
    "sourceUrl": "https://api.llama.fi/protocols",
    "methodology": null
  },
  {
    "id": "5fde7da8-3c37-4879-8995-06f079ce2348:8616",
    "protocolId": "3722",
    "metric": "fees_usd",
    "period": "24h",
    "observedAt": "2026-10-11T04:49:24.915Z",
    "value": 7815,
    "unit": "USD",
    "definition": "Validation rewards credited to the pool, summed from the treasury's repayment logs for the day, plus the GRAM that reached Hipo's buy-and-burn contract and was spent on HPO. The validators' own share of a round's reward is deducted before the pool is credited, so it is not counted here.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyFees",
    "methodology": {
      "UserFees": "Stakers pay no fees for using Hipo. The borrowers the pool lends to, who are validators, pay a fee out of their own share of each round's reward.",
      "Fees": "Validation rewards credited to the pool, summed from the treasury's repayment logs for the day, plus the GRAM that reached Hipo's buy-and-burn contract and was spent on HPO. The validators' own share of a round's reward is deducted before the pool is credited, so it is not counted here.",
      "Revenue": "The governance fee, plus everything spent buying and burning HPO.",
      "ProtocolRevenue": "The governance fee, deducted from the pool's reward before it reaches stakers. Its rate is set by Hipo's governor and can be zero.",
      "SupplySideRevenue": "Rewards credited to stakers, which reach them as a rise in the hGRAM exchange rate rather than as a separate claim.",
      "HoldersRevenue": "GRAM sent to Hipo's buy-and-burn contract, read from that contract's own income log so that returned change is excluded. It stakes the GRAM, buys HPO with the resulting hGRAM on DeDust, and burns it, lowering the total supply of HPO. Two sources pay it: the borrower fee forwarded by the treasury, and the realized profit of Hipo's HPO trading bot."
    }
  },
  {
    "id": "5fde7da8-3c37-4879-8995-06f079ce2348:8617",
    "protocolId": "3722",
    "metric": "fees_usd",
    "period": "7d",
    "observedAt": "2026-10-11T04:49:24.915Z",
    "value": 39882,
    "unit": "USD",
    "definition": "Validation rewards credited to the pool, summed from the treasury's repayment logs for the day, plus the GRAM that reached Hipo's buy-and-burn contract and was spent on HPO. The validators' own share of a round's reward is deducted before the pool is credited, so it is not counted here.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyFees",
    "methodology": {
      "UserFees": "Stakers pay no fees for using Hipo. The borrowers the pool lends to, who are validators, pay a fee out of their own share of each round's reward.",
      "Fees": "Validation rewards credited to the pool, summed from the treasury's repayment logs for the day, plus the GRAM that reached Hipo's buy-and-burn contract and was spent on HPO. The validators' own share of a round's reward is deducted before the pool is credited, so it is not counted here.",
      "Revenue": "The governance fee, plus everything spent buying and burning HPO.",
      "ProtocolRevenue": "The governance fee, deducted from the pool's reward before it reaches stakers. Its rate is set by Hipo's governor and can be zero.",
      "SupplySideRevenue": "Rewards credited to stakers, which reach them as a rise in the hGRAM exchange rate rather than as a separate claim.",
      "HoldersRevenue": "GRAM sent to Hipo's buy-and-burn contract, read from that contract's own income log so that returned change is excluded. It stakes the GRAM, buys HPO with the resulting hGRAM on DeDust, and burns it, lowering the total supply of HPO. Two sources pay it: the borrower fee forwarded by the treasury, and the realized profit of Hipo's HPO trading bot."
    }
  },
  {
    "id": "5fde7da8-3c37-4879-8995-06f079ce2348:8618",
    "protocolId": "3722",
    "metric": "fees_usd",
    "period": "30d",
    "observedAt": "2026-10-11T04:49:24.915Z",
    "value": 153135,
    "unit": "USD",
    "definition": "Validation rewards credited to the pool, summed from the treasury's repayment logs for the day, plus the GRAM that reached Hipo's buy-and-burn contract and was spent on HPO. The validators' own share of a round's reward is deducted before the pool is credited, so it is not counted here.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyFees",
    "methodology": {
      "UserFees": "Stakers pay no fees for using Hipo. The borrowers the pool lends to, who are validators, pay a fee out of their own share of each round's reward.",
      "Fees": "Validation rewards credited to the pool, summed from the treasury's repayment logs for the day, plus the GRAM that reached Hipo's buy-and-burn contract and was spent on HPO. The validators' own share of a round's reward is deducted before the pool is credited, so it is not counted here.",
      "Revenue": "The governance fee, plus everything spent buying and burning HPO.",
      "ProtocolRevenue": "The governance fee, deducted from the pool's reward before it reaches stakers. Its rate is set by Hipo's governor and can be zero.",
      "SupplySideRevenue": "Rewards credited to stakers, which reach them as a rise in the hGRAM exchange rate rather than as a separate claim.",
      "HoldersRevenue": "GRAM sent to Hipo's buy-and-burn contract, read from that contract's own income log so that returned change is excluded. It stakes the GRAM, buys HPO with the resulting hGRAM on DeDust, and burns it, lowering the total supply of HPO. Two sources pay it: the borrower fee forwarded by the treasury, and the realized profit of Hipo's HPO trading bot."
    }
  },
  {
    "id": "5fde7da8-3c37-4879-8995-06f079ce2348:16359",
    "protocolId": "3722",
    "metric": "revenue_usd",
    "period": "24h",
    "observedAt": "2026-10-11T04:49:28.176Z",
    "value": 105,
    "unit": "USD",
    "definition": "The governance fee, plus everything spent buying and burning HPO.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyRevenue",
    "methodology": {
      "UserFees": "Stakers pay no fees for using Hipo. The borrowers the pool lends to, who are validators, pay a fee out of their own share of each round's reward.",
      "Fees": "Validation rewards credited to the pool, summed from the treasury's repayment logs for the day, plus the GRAM that reached Hipo's buy-and-burn contract and was spent on HPO. The validators' own share of a round's reward is deducted before the pool is credited, so it is not counted here.",
      "Revenue": "The governance fee, plus everything spent buying and burning HPO.",
      "ProtocolRevenue": "The governance fee, deducted from the pool's reward before it reaches stakers. Its rate is set by Hipo's governor and can be zero.",
      "SupplySideRevenue": "Rewards credited to stakers, which reach them as a rise in the hGRAM exchange rate rather than as a separate claim.",
      "HoldersRevenue": "GRAM sent to Hipo's buy-and-burn contract, read from that contract's own income log so that returned change is excluded. It stakes the GRAM, buys HPO with the resulting hGRAM on DeDust, and burns it, lowering the total supply of HPO. Two sources pay it: the borrower fee forwarded by the treasury, and the realized profit of Hipo's HPO trading bot."
    }
  },
  {
    "id": "5fde7da8-3c37-4879-8995-06f079ce2348:16360",
    "protocolId": "3722",
    "metric": "revenue_usd",
    "period": "7d",
    "observedAt": "2026-10-11T04:49:28.176Z",
    "value": 536,
    "unit": "USD",
    "definition": "The governance fee, plus everything spent buying and burning HPO.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyRevenue",
    "methodology": {
      "UserFees": "Stakers pay no fees for using Hipo. The borrowers the pool lends to, who are validators, pay a fee out of their own share of each round's reward.",
      "Fees": "Validation rewards credited to the pool, summed from the treasury's repayment logs for the day, plus the GRAM that reached Hipo's buy-and-burn contract and was spent on HPO. The validators' own share of a round's reward is deducted before the pool is credited, so it is not counted here.",
      "Revenue": "The governance fee, plus everything spent buying and burning HPO.",
      "ProtocolRevenue": "The governance fee, deducted from the pool's reward before it reaches stakers. Its rate is set by Hipo's governor and can be zero.",
      "SupplySideRevenue": "Rewards credited to stakers, which reach them as a rise in the hGRAM exchange rate rather than as a separate claim.",
      "HoldersRevenue": "GRAM sent to Hipo's buy-and-burn contract, read from that contract's own income log so that returned change is excluded. It stakes the GRAM, buys HPO with the resulting hGRAM on DeDust, and burns it, lowering the total supply of HPO. Two sources pay it: the borrower fee forwarded by the treasury, and the realized profit of Hipo's HPO trading bot."
    }
  },
  {
    "id": "5fde7da8-3c37-4879-8995-06f079ce2348:16361",
    "protocolId": "3722",
    "metric": "revenue_usd",
    "period": "30d",
    "observedAt": "2026-10-11T04:49:28.176Z",
    "value": 2102,
    "unit": "USD",
    "definition": "The governance fee, plus everything spent buying and burning HPO.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyRevenue",
    "methodology": {
      "UserFees": "Stakers pay no fees for using Hipo. The borrowers the pool lends to, who are validators, pay a fee out of their own share of each round's reward.",
      "Fees": "Validation rewards credited to the pool, summed from the treasury's repayment logs for the day, plus the GRAM that reached Hipo's buy-and-burn contract and was spent on HPO. The validators' own share of a round's reward is deducted before the pool is credited, so it is not counted here.",
      "Revenue": "The governance fee, plus everything spent buying and burning HPO.",
      "ProtocolRevenue": "The governance fee, deducted from the pool's reward before it reaches stakers. Its rate is set by Hipo's governor and can be zero.",
      "SupplySideRevenue": "Rewards credited to stakers, which reach them as a rise in the hGRAM exchange rate rather than as a separate claim.",
      "HoldersRevenue": "GRAM sent to Hipo's buy-and-burn contract, read from that contract's own income log so that returned change is excluded. It stakes the GRAM, buys HPO with the resulting hGRAM on DeDust, and burns it, lowering the total supply of HPO. Two sources pay it: the borrower fee forwarded by the treasury, and the realized profit of Hipo's HPO trading bot."
    }
  },
  {
    "id": "5fde7da8-3c37-4879-8995-06f079ce2348:22973",
    "protocolId": "3722",
    "metric": "holders_revenue_usd",
    "period": "24h",
    "observedAt": "2026-10-11T04:49:36.133Z",
    "value": 105,
    "unit": "USD",
    "definition": "GRAM sent to Hipo's buy-and-burn contract, read from that contract's own income log so that returned change is excluded. It stakes the GRAM, buys HPO with the resulting hGRAM on DeDust, and burns it, lowering the total supply of HPO. Two sources pay it: the borrower fee forwarded by the treasury, and the realized profit of Hipo's HPO trading bot.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyHoldersRevenue",
    "methodology": {
      "UserFees": "Stakers pay no fees for using Hipo. The borrowers the pool lends to, who are validators, pay a fee out of their own share of each round's reward.",
      "Fees": "Validation rewards credited to the pool, summed from the treasury's repayment logs for the day, plus the GRAM that reached Hipo's buy-and-burn contract and was spent on HPO. The validators' own share of a round's reward is deducted before the pool is credited, so it is not counted here.",
      "Revenue": "The governance fee, plus everything spent buying and burning HPO.",
      "ProtocolRevenue": "The governance fee, deducted from the pool's reward before it reaches stakers. Its rate is set by Hipo's governor and can be zero.",
      "SupplySideRevenue": "Rewards credited to stakers, which reach them as a rise in the hGRAM exchange rate rather than as a separate claim.",
      "HoldersRevenue": "GRAM sent to Hipo's buy-and-burn contract, read from that contract's own income log so that returned change is excluded. It stakes the GRAM, buys HPO with the resulting hGRAM on DeDust, and burns it, lowering the total supply of HPO. Two sources pay it: the borrower fee forwarded by the treasury, and the realized profit of Hipo's HPO trading bot."
    }
  },
  {
    "id": "5fde7da8-3c37-4879-8995-06f079ce2348:22974",
    "protocolId": "3722",
    "metric": "holders_revenue_usd",
    "period": "7d",
    "observedAt": "2026-10-11T04:49:36.133Z",
    "value": 536,
    "unit": "USD",
    "definition": "GRAM sent to Hipo's buy-and-burn contract, read from that contract's own income log so that returned change is excluded. It stakes the GRAM, buys HPO with the resulting hGRAM on DeDust, and burns it, lowering the total supply of HPO. Two sources pay it: the borrower fee forwarded by the treasury, and the realized profit of Hipo's HPO trading bot.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyHoldersRevenue",
    "methodology": {
      "UserFees": "Stakers pay no fees for using Hipo. The borrowers the pool lends to, who are validators, pay a fee out of their own share of each round's reward.",
      "Fees": "Validation rewards credited to the pool, summed from the treasury's repayment logs for the day, plus the GRAM that reached Hipo's buy-and-burn contract and was spent on HPO. The validators' own share of a round's reward is deducted before the pool is credited, so it is not counted here.",
      "Revenue": "The governance fee, plus everything spent buying and burning HPO.",
      "ProtocolRevenue": "The governance fee, deducted from the pool's reward before it reaches stakers. Its rate is set by Hipo's governor and can be zero.",
      "SupplySideRevenue": "Rewards credited to stakers, which reach them as a rise in the hGRAM exchange rate rather than as a separate claim.",
      "HoldersRevenue": "GRAM sent to Hipo's buy-and-burn contract, read from that contract's own income log so that returned change is excluded. It stakes the GRAM, buys HPO with the resulting hGRAM on DeDust, and burns it, lowering the total supply of HPO. Two sources pay it: the borrower fee forwarded by the treasury, and the realized profit of Hipo's HPO trading bot."
    }
  },
  {
    "id": "5fde7da8-3c37-4879-8995-06f079ce2348:22975",
    "protocolId": "3722",
    "metric": "holders_revenue_usd",
    "period": "30d",
    "observedAt": "2026-10-11T04:49:36.133Z",
    "value": 2102,
    "unit": "USD",
    "definition": "GRAM sent to Hipo's buy-and-burn contract, read from that contract's own income log so that returned change is excluded. It stakes the GRAM, buys HPO with the resulting hGRAM on DeDust, and burns it, lowering the total supply of HPO. Two sources pay it: the borrower fee forwarded by the treasury, and the realized profit of Hipo's HPO trading bot.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyHoldersRevenue",
    "methodology": {
      "UserFees": "Stakers pay no fees for using Hipo. The borrowers the pool lends to, who are validators, pay a fee out of their own share of each round's reward.",
      "Fees": "Validation rewards credited to the pool, summed from the treasury's repayment logs for the day, plus the GRAM that reached Hipo's buy-and-burn contract and was spent on HPO. The validators' own share of a round's reward is deducted before the pool is credited, so it is not counted here.",
      "Revenue": "The governance fee, plus everything spent buying and burning HPO.",
      "ProtocolRevenue": "The governance fee, deducted from the pool's reward before it reaches stakers. Its rate is set by Hipo's governor and can be zero.",
      "SupplySideRevenue": "Rewards credited to stakers, which reach them as a rise in the hGRAM exchange rate rather than as a separate claim.",
      "HoldersRevenue": "GRAM sent to Hipo's buy-and-burn contract, read from that contract's own income log so that returned change is excluded. It stakes the GRAM, buys HPO with the resulting hGRAM on DeDust, and burns it, lowering the total supply of HPO. Two sources pay it: the borrower fee forwarded by the treasury, and the realized profit of Hipo's HPO trading bot."
    }
  },
  {
    "id": "ea9bc80d-ba5e-4ad0-98fd-0db73fa06c1a:626",
    "protocolId": "3722",
    "metric": "tvl_usd",
    "period": "point_in_time",
    "observedAt": "2026-10-18T04:35:46.584Z",
    "value": 11116561.560611805,
    "unit": "USD",
    "definition": "DeFiLlama protocol TVL at collection time",
    "sourceUrl": "https://api.llama.fi/protocols",
    "methodology": null
  },
  {
    "id": "ea9bc80d-ba5e-4ad0-98fd-0db73fa06c1a:7845",
    "protocolId": "3722",
    "metric": "fees_usd",
    "period": "24h",
    "observedAt": "2026-10-18T04:35:58.074Z",
    "value": 3603,
    "unit": "USD",
    "definition": "Validation rewards credited to the pool, summed from the treasury's repayment logs for the day, plus the GRAM that reached Hipo's buy-and-burn contract and was spent on HPO. The validators' own share of a round's reward is deducted before the pool is credited, so it is not counted here.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyFees",
    "methodology": {
      "UserFees": "Stakers pay no fees for using Hipo. The borrowers the pool lends to, who are validators, pay a fee out of their own share of each round's reward.",
      "Fees": "Validation rewards credited to the pool, summed from the treasury's repayment logs for the day, plus the GRAM that reached Hipo's buy-and-burn contract and was spent on HPO. The validators' own share of a round's reward is deducted before the pool is credited, so it is not counted here.",
      "Revenue": "The governance fee, plus everything spent buying and burning HPO.",
      "ProtocolRevenue": "The governance fee, deducted from the pool's reward before it reaches stakers. Its rate is set by Hipo's governor and can be zero.",
      "SupplySideRevenue": "Rewards credited to stakers, which reach them as a rise in the hGRAM exchange rate rather than as a separate claim.",
      "HoldersRevenue": "GRAM sent to Hipo's buy-and-burn contract, read from that contract's own income log so that returned change is excluded. It stakes the GRAM, buys HPO with the resulting hGRAM on DeDust, and burns it, lowering the total supply of HPO. Two sources pay it: the borrower fee forwarded by the treasury, and the realized profit of Hipo's HPO trading bot."
    }
  },
  {
    "id": "ea9bc80d-ba5e-4ad0-98fd-0db73fa06c1a:7846",
    "protocolId": "3722",
    "metric": "fees_usd",
    "period": "7d",
    "observedAt": "2026-10-18T04:35:58.074Z",
    "value": 33344,
    "unit": "USD",
    "definition": "Validation rewards credited to the pool, summed from the treasury's repayment logs for the day, plus the GRAM that reached Hipo's buy-and-burn contract and was spent on HPO. The validators' own share of a round's reward is deducted before the pool is credited, so it is not counted here.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyFees",
    "methodology": {
      "UserFees": "Stakers pay no fees for using Hipo. The borrowers the pool lends to, who are validators, pay a fee out of their own share of each round's reward.",
      "Fees": "Validation rewards credited to the pool, summed from the treasury's repayment logs for the day, plus the GRAM that reached Hipo's buy-and-burn contract and was spent on HPO. The validators' own share of a round's reward is deducted before the pool is credited, so it is not counted here.",
      "Revenue": "The governance fee, plus everything spent buying and burning HPO.",
      "ProtocolRevenue": "The governance fee, deducted from the pool's reward before it reaches stakers. Its rate is set by Hipo's governor and can be zero.",
      "SupplySideRevenue": "Rewards credited to stakers, which reach them as a rise in the hGRAM exchange rate rather than as a separate claim.",
      "HoldersRevenue": "GRAM sent to Hipo's buy-and-burn contract, read from that contract's own income log so that returned change is excluded. It stakes the GRAM, buys HPO with the resulting hGRAM on DeDust, and burns it, lowering the total supply of HPO. Two sources pay it: the borrower fee forwarded by the treasury, and the realized profit of Hipo's HPO trading bot."
    }
  },
  {
    "id": "ea9bc80d-ba5e-4ad0-98fd-0db73fa06c1a:7847",
    "protocolId": "3722",
    "metric": "fees_usd",
    "period": "30d",
    "observedAt": "2026-10-18T04:35:58.074Z",
    "value": 154702,
    "unit": "USD",
    "definition": "Validation rewards credited to the pool, summed from the treasury's repayment logs for the day, plus the GRAM that reached Hipo's buy-and-burn contract and was spent on HPO. The validators' own share of a round's reward is deducted before the pool is credited, so it is not counted here.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyFees",
    "methodology": {
      "UserFees": "Stakers pay no fees for using Hipo. The borrowers the pool lends to, who are validators, pay a fee out of their own share of each round's reward.",
      "Fees": "Validation rewards credited to the pool, summed from the treasury's repayment logs for the day, plus the GRAM that reached Hipo's buy-and-burn contract and was spent on HPO. The validators' own share of a round's reward is deducted before the pool is credited, so it is not counted here.",
      "Revenue": "The governance fee, plus everything spent buying and burning HPO.",
      "ProtocolRevenue": "The governance fee, deducted from the pool's reward before it reaches stakers. Its rate is set by Hipo's governor and can be zero.",
      "SupplySideRevenue": "Rewards credited to stakers, which reach them as a rise in the hGRAM exchange rate rather than as a separate claim.",
      "HoldersRevenue": "GRAM sent to Hipo's buy-and-burn contract, read from that contract's own income log so that returned change is excluded. It stakes the GRAM, buys HPO with the resulting hGRAM on DeDust, and burns it, lowering the total supply of HPO. Two sources pay it: the borrower fee forwarded by the treasury, and the realized profit of Hipo's HPO trading bot."
    }
  },
  {
    "id": "ea9bc80d-ba5e-4ad0-98fd-0db73fa06c1a:15675",
    "protocolId": "3722",
    "metric": "revenue_usd",
    "period": "24h",
    "observedAt": "2026-10-18T04:36:00.033Z",
    "value": 50,
    "unit": "USD",
    "definition": "The governance fee, plus everything spent buying and burning HPO.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyRevenue",
    "methodology": {
      "UserFees": "Stakers pay no fees for using Hipo. The borrowers the pool lends to, who are validators, pay a fee out of their own share of each round's reward.",
      "Fees": "Validation rewards credited to the pool, summed from the treasury's repayment logs for the day, plus the GRAM that reached Hipo's buy-and-burn contract and was spent on HPO. The validators' own share of a round's reward is deducted before the pool is credited, so it is not counted here.",
      "Revenue": "The governance fee, plus everything spent buying and burning HPO.",
      "ProtocolRevenue": "The governance fee, deducted from the pool's reward before it reaches stakers. Its rate is set by Hipo's governor and can be zero.",
      "SupplySideRevenue": "Rewards credited to stakers, which reach them as a rise in the hGRAM exchange rate rather than as a separate claim.",
      "HoldersRevenue": "GRAM sent to Hipo's buy-and-burn contract, read from that contract's own income log so that returned change is excluded. It stakes the GRAM, buys HPO with the resulting hGRAM on DeDust, and burns it, lowering the total supply of HPO. Two sources pay it: the borrower fee forwarded by the treasury, and the realized profit of Hipo's HPO trading bot."
    }
  },
  {
    "id": "ea9bc80d-ba5e-4ad0-98fd-0db73fa06c1a:15676",
    "protocolId": "3722",
    "metric": "revenue_usd",
    "period": "7d",
    "observedAt": "2026-10-18T04:36:00.033Z",
    "value": 452,
    "unit": "USD",
    "definition": "The governance fee, plus everything spent buying and burning HPO.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyRevenue",
    "methodology": {
      "UserFees": "Stakers pay no fees for using Hipo. The borrowers the pool lends to, who are validators, pay a fee out of their own share of each round's reward.",
      "Fees": "Validation rewards credited to the pool, summed from the treasury's repayment logs for the day, plus the GRAM that reached Hipo's buy-and-burn contract and was spent on HPO. The validators' own share of a round's reward is deducted before the pool is credited, so it is not counted here.",
      "Revenue": "The governance fee, plus everything spent buying and burning HPO.",
      "ProtocolRevenue": "The governance fee, deducted from the pool's reward before it reaches stakers. Its rate is set by Hipo's governor and can be zero.",
      "SupplySideRevenue": "Rewards credited to stakers, which reach them as a rise in the hGRAM exchange rate rather than as a separate claim.",
      "HoldersRevenue": "GRAM sent to Hipo's buy-and-burn contract, read from that contract's own income log so that returned change is excluded. It stakes the GRAM, buys HPO with the resulting hGRAM on DeDust, and burns it, lowering the total supply of HPO. Two sources pay it: the borrower fee forwarded by the treasury, and the realized profit of Hipo's HPO trading bot."
    }
  },
  {
    "id": "ea9bc80d-ba5e-4ad0-98fd-0db73fa06c1a:15677",
    "protocolId": "3722",
    "metric": "revenue_usd",
    "period": "30d",
    "observedAt": "2026-10-18T04:36:00.033Z",
    "value": 2109,
    "unit": "USD",
    "definition": "The governance fee, plus everything spent buying and burning HPO.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyRevenue",
    "methodology": {
      "UserFees": "Stakers pay no fees for using Hipo. The borrowers the pool lends to, who are validators, pay a fee out of their own share of each round's reward.",
      "Fees": "Validation rewards credited to the pool, summed from the treasury's repayment logs for the day, plus the GRAM that reached Hipo's buy-and-burn contract and was spent on HPO. The validators' own share of a round's reward is deducted before the pool is credited, so it is not counted here.",
      "Revenue": "The governance fee, plus everything spent buying and burning HPO.",
      "ProtocolRevenue": "The governance fee, deducted from the pool's reward before it reaches stakers. Its rate is set by Hipo's governor and can be zero.",
      "SupplySideRevenue": "Rewards credited to stakers, which reach them as a rise in the hGRAM exchange rate rather than as a separate claim.",
      "HoldersRevenue": "GRAM sent to Hipo's buy-and-burn contract, read from that contract's own income log so that returned change is excluded. It stakes the GRAM, buys HPO with the resulting hGRAM on DeDust, and burns it, lowering the total supply of HPO. Two sources pay it: the borrower fee forwarded by the treasury, and the realized profit of Hipo's HPO trading bot."
    }
  },
  {
    "id": "ea9bc80d-ba5e-4ad0-98fd-0db73fa06c1a:22380",
    "protocolId": "3722",
    "metric": "holders_revenue_usd",
    "period": "24h",
    "observedAt": "2026-10-18T04:36:12.168Z",
    "value": 50,
    "unit": "USD",
    "definition": "GRAM sent to Hipo's buy-and-burn contract, read from that contract's own income log so that returned change is excluded. It stakes the GRAM, buys HPO with the resulting hGRAM on DeDust, and burns it, lowering the total supply of HPO. Two sources pay it: the borrower fee forwarded by the treasury, and the realized profit of Hipo's HPO trading bot.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyHoldersRevenue",
    "methodology": {
      "UserFees": "Stakers pay no fees for using Hipo. The borrowers the pool lends to, who are validators, pay a fee out of their own share of each round's reward.",
      "Fees": "Validation rewards credited to the pool, summed from the treasury's repayment logs for the day, plus the GRAM that reached Hipo's buy-and-burn contract and was spent on HPO. The validators' own share of a round's reward is deducted before the pool is credited, so it is not counted here.",
      "Revenue": "The governance fee, plus everything spent buying and burning HPO.",
      "ProtocolRevenue": "The governance fee, deducted from the pool's reward before it reaches stakers. Its rate is set by Hipo's governor and can be zero.",
      "SupplySideRevenue": "Rewards credited to stakers, which reach them as a rise in the hGRAM exchange rate rather than as a separate claim.",
      "HoldersRevenue": "GRAM sent to Hipo's buy-and-burn contract, read from that contract's own income log so that returned change is excluded. It stakes the GRAM, buys HPO with the resulting hGRAM on DeDust, and burns it, lowering the total supply of HPO. Two sources pay it: the borrower fee forwarded by the treasury, and the realized profit of Hipo's HPO trading bot."
    }
  },
  {
    "id": "ea9bc80d-ba5e-4ad0-98fd-0db73fa06c1a:22381",
    "protocolId": "3722",
    "metric": "holders_revenue_usd",
    "period": "7d",
    "observedAt": "2026-10-18T04:36:12.168Z",
    "value": 452,
    "unit": "USD",
    "definition": "GRAM sent to Hipo's buy-and-burn contract, read from that contract's own income log so that returned change is excluded. It stakes the GRAM, buys HPO with the resulting hGRAM on DeDust, and burns it, lowering the total supply of HPO. Two sources pay it: the borrower fee forwarded by the treasury, and the realized profit of Hipo's HPO trading bot.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyHoldersRevenue",
    "methodology": {
      "UserFees": "Stakers pay no fees for using Hipo. The borrowers the pool lends to, who are validators, pay a fee out of their own share of each round's reward.",
      "Fees": "Validation rewards credited to the pool, summed from the treasury's repayment logs for the day, plus the GRAM that reached Hipo's buy-and-burn contract and was spent on HPO. The validators' own share of a round's reward is deducted before the pool is credited, so it is not counted here.",
      "Revenue": "The governance fee, plus everything spent buying and burning HPO.",
      "ProtocolRevenue": "The governance fee, deducted from the pool's reward before it reaches stakers. Its rate is set by Hipo's governor and can be zero.",
      "SupplySideRevenue": "Rewards credited to stakers, which reach them as a rise in the hGRAM exchange rate rather than as a separate claim.",
      "HoldersRevenue": "GRAM sent to Hipo's buy-and-burn contract, read from that contract's own income log so that returned change is excluded. It stakes the GRAM, buys HPO with the resulting hGRAM on DeDust, and burns it, lowering the total supply of HPO. Two sources pay it: the borrower fee forwarded by the treasury, and the realized profit of Hipo's HPO trading bot."
    }
  },
  {
    "id": "ea9bc80d-ba5e-4ad0-98fd-0db73fa06c1a:22382",
    "protocolId": "3722",
    "metric": "holders_revenue_usd",
    "period": "30d",
    "observedAt": "2026-10-18T04:36:12.168Z",
    "value": 2109,
    "unit": "USD",
    "definition": "GRAM sent to Hipo's buy-and-burn contract, read from that contract's own income log so that returned change is excluded. It stakes the GRAM, buys HPO with the resulting hGRAM on DeDust, and burns it, lowering the total supply of HPO. Two sources pay it: the borrower fee forwarded by the treasury, and the realized profit of Hipo's HPO trading bot.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyHoldersRevenue",
    "methodology": {
      "UserFees": "Stakers pay no fees for using Hipo. The borrowers the pool lends to, who are validators, pay a fee out of their own share of each round's reward.",
      "Fees": "Validation rewards credited to the pool, summed from the treasury's repayment logs for the day, plus the GRAM that reached Hipo's buy-and-burn contract and was spent on HPO. The validators' own share of a round's reward is deducted before the pool is credited, so it is not counted here.",
      "Revenue": "The governance fee, plus everything spent buying and burning HPO.",
      "ProtocolRevenue": "The governance fee, deducted from the pool's reward before it reaches stakers. Its rate is set by Hipo's governor and can be zero.",
      "SupplySideRevenue": "Rewards credited to stakers, which reach them as a rise in the hGRAM exchange rate rather than as a separate claim.",
      "HoldersRevenue": "GRAM sent to Hipo's buy-and-burn contract, read from that contract's own income log so that returned change is excluded. It stakes the GRAM, buys HPO with the resulting hGRAM on DeDust, and burns it, lowering the total supply of HPO. Two sources pay it: the borrower fee forwarded by the treasury, and the realized profit of Hipo's HPO trading bot."
    }
  }
]