Staking

HYPE staking on Hyperliquid happens within HyperCore. Users can stake their HYPE tokens to validators to help secure the network and earn rewards.

How Staking Works

• Account Management

  • HYPE can be transferred between spot and staking accounts

  • Transfers from spot to staking account are instant

  • Transfers from staking to spot account have a 7-day unstaking queue

  • You can link a staking wallet to a trading wallet to benefit from fee reductions (permanent action)

• Delegation Process

  • Users can stake (delegate) HYPE to any number of validators

  • Each delegation has a 1-day lockup period

  • After lockup, delegations can be partially or fully undelegated at any time

  • Undelegated balances instantly reflect in staking account balance

• Validator Selection

  • View the list of all validators with their performance metrics

  • Active validator set consists of top N validators by total stake

  • Consider validator commission rates (cannot be increased above 1% once set)

  • Check validator uptime and reliability metrics, consult the asxn dashboard for a detailed statistics.

Staking Rewards

• APR and Reward Rate

  • Reward rate is inversely proportional to the square root of total HYPE staked

  • At 400M total HYPE staked, yearly reward rate is approximately 2.37%

  • Rewards come from future emissions reserve
  • Foundation's 250M staked HYPE does NOT earn rewards (tokens are unvested but can be staked)

• Reward Distribution

  • Rewards accrued every minute

  • Distributed to stakers daily

  • Automatically compounded (redelegated to the staked validator)

  • Validators may charge commission on rewards

• Additional Benefits

  • Reduced trading fees - staking HYPE reduces your trading fees

  • Referral staking program - earn from referrals

  • For more details on fee structure, see Fees page

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HYPE Utility & Governance

Current Utilities

• Gas token: For HyperEVM transactions

• Network security: Through staking to validators

• Fee reduction: Staking reduces trading fees

• Referral rewards: Through the staking program

• Governance: Create and vote on proposals

Potential Future Utilities

• Revenue sharing from:

  • Trading fees (Referral staking program)

  • Spot auction fees

  • HyperEVM gas fees

• Community-driven governance decisions (#governance discord)

Governance Features

• True community-driven governance (no VC allocation)

• Voting on:

  • Listings/de-listings (already possible via the #listing-request and #governance discord)

  • Platform fees

  • CEX weights for price oracle

  • Other protocol parameters