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.
Over 1,000 new wallets minted 800,000+ stHYPE via Valantis in the last 7 days.
contract
hyperevm
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.
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
Active arbitrage opportunity: 0.97 bps profit available between Hyperswap and Valantis with high liquidity capacity
Active arbitrage opportunity exists between v3 and stable swap platforms due to market imbalance.