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

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

Resources

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