sHYPE Liquid Staking
Stake HYPE, receive sHYPE. Earn staking rewards plus extra rewards from trading fee discount contribution, while staying liquid and transferable.
Why sHYPE?
| Native Staking | sHYPE | |
|---|---|---|
| Validator rewards | Yes | Yes |
| Fee discount rewards | No | Yes (10% of discounted fees) |
| Token stays liquid | No (locked) | Yes (ERC-20) |
| Usable in DeFi | No | Yes |
| Unstaking | Validator queue | FIFO queue with inline netting (3–11 days) |
How It Works
- Stake — Deposit HYPE (or WHYPE), receive sHYPE at the current rate
- Earn — sHYPE's exchange rate ticks up as validator rewards and fee discount rewards accrue
- Use — Hold, transfer, or plug into other DeFi protocols
- Unstake — Burn sHYPE to get HYPE back (goes through a processing queue)
The sHYPE:HYPE rate starts at 1:1 and only goes up (unless the validator gets slashed).
Per-Pool Staking
Staking in HyperAMM is per pool — each pool has its own independent staking contract. When you stake HYPE into a specific pool, your stake is used to unlock fee discounts for that pool's HyperCore account. This means:
- Different pools may offer different staking yields depending on their trading volume and fee discount tier
- You can stake into multiple pools simultaneously
- Each pool's sHYPE exchange rate accrues independently based on that pool's rewards
Yields
Staking yields come from two sources:
- Validator staking rewards — Standard HYPE staking rewards from the Hyperliquid validator
- Trading fee discount contribution — Your HYPE is used for staking on the pool's HyperCore account to unlock fee discounts. In return, stakers receive 10% of the discounted fees as extra rewards.
Example: If the pool's staking tier is GOLD and gets a 20% fee discount, stakers receive 2% of trading fees as extra rewards.
A protocol fee of 0.1% is applied on the total claim amount (principal + rewards) at unstake claim time.
- How sHYPE Works — Technical details
- Staking Risks — What to watch out for
- How to Stake — Step-by-step