what's Staked HYPE?
Staked HYPE (stHYPE) is a liquid staking token (LST) protocol built on the Hyperliquid blockchain, enabling users to stake their native HYPE tokens while maintaining liquidity. By staking HYPE, users receive stHYPE, which represents their staked position and accrues staking rewards without locking the underlying assets. This allows stHYPE holders to participate in DeFi activities across the HyperEVM, such as lending, borrowing, and providing liquidity, thereby unlocking yield-bearing capital for the ecosystem. The protocol integrates with Hyperliquid's infrastructure to facilitate secure, MEV-aware staking and supports features like one-click staking and decentralized validator operations. Originally launched as an independent staking hub, it was acquired by Valantis to enhance vertical integration between liquid staking and DEX functionalities, aiming to boost liquidity for LSTs like stHYPE and kHYPE. This positions stHYPE as a key component in Hyperliquid's DeFi growth, promoting neutral and merit-based ecosystem development.
Staked HYPE: $12M DEX liquidity, 10% peak AMM APY, 1bp peg during outflows, 4-day withdrawals.
contract
hyperevm
DEX liquidity reached approximately $12M as of April 1, 2026.
Peg tightened from 3 basis points to 1 basis point during outflow period ending April 1, 2026.
Average time-to-withdrawal is 4 days as of April 1, 2026.
AMM APY reached a peak of 10% during the outflow period ending April 1, 2026.
Over 1,000 unique wallets interacted with Valantis for the first time in the last 7 days, minting over 800,000 stHYPE.
Integrated with Haiku to enable single-swap portfolio moves into stHYPE, allowing users to deploy capital from lending, vaults, pools, and CLAMM positions through dynamic routing in one transaction.
Increased validator delegation boost from 1 stHYPE = 1 HYPE to 1 stHYPE = 2.5 HYPE for participating wallets in the AF Burn Vote.
Expanded Community Codes program to allow users to hold stHYPE across Felix Protocol, Hyperlend, Hypurr, and Pendle while maintaining validator delegation.
Added validator selection feature at mint that tracks and allocates entire balance to chosen validator for AF Burn voting.
Introduced leverage looping feature that enables users to increase validator exposure by turning 1 HYPE into more than 1 HYPE through stHYPE in lending markets.
New Pendle v2 pool for stHYPE AMM LP goes live with June 4th expiry date.
stHYPE has $20m in DEX liquidity against $80m TVL (25% ratio), significantly outpacing other LSTs which maintain only 2-3% liquidity ratios.
Valantis announces 6-month maximum points season and Genesis Badge for past users.
Ethena borrows 700K HYPE from stHYPE depositors, with half of the supply becoming illiquid within 3 days.
Project confirms no changes to validator allocation in response to USDH governance vote, with validators having earned their positions as critical ecosystem supporters and integrations.
Fourth largest holder identified with 372.75k tokens distributed across 950 positions
Identified active arbitrage opportunity with 0.97 bps profit between Hyperswap and Valantis, featuring high liquidity. Identified as potential integration for yield-bearing DCA orders on Hyperliquid.
Active arbitrage opportunity exists between v3 and stable swap platforms due to market imbalance.