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
HYPE Utility & Governance
Tokenomics
Total Supply: 1,000,000,000 HYPE tokens
Current Circulating Supply: ~333M HYPE
310M: genesis distribution (only ~270m claimed)
60M: Hyper Foundation budget
3M: community grants
120K: HIP-2
Team Allocation (Core Contributors): 238M tokens with cliff ending November 28, 2025, followed by 2-4 year vesting. Track the core contributors' address on Hypurrscan.
Future Community Rewards: ~430M tokens reserved for ongoing distributions and ecosystem growth
Distribution methods beyond the 2.2% staking rewards remain unannounced
Current Utilities
Gas token: For HyperEVM transactions
Network security: Through staking to validators
Fee reduction: Staking reduces trading fees
Referral rewards: Through the staking referral program
Governance: Create and vote on proposals
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
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