StakedHYPE

StakedHYPE is the first liquid staking protocol for HYPE, Hyperliquid's native token, deployed on HyperEVM on the day of the chain's public launch in February 2025. The protocol issues stHYPE — a liquid staking token (LST) that represents a user's staked HYPE position plus accruing validator rewards — allowing holders to maintain exposure to staking yields while retaining the ability to use stHYPE as DeFi collateral across the Hyperliquid ecosystem. Originally developed by Thunderhead Labs under founder Addison Spiegel, stHYPE was acquired by Valantis Labs in August 2025 and continues to operate under Valantis management.

Liquid staking is the cornerstone of Hyperliquid's DeFi ecosystem, enabling users to stake HYPE while keeping their capital productive. StakedHYPE operates in this critical category, where protocols convert staked HYPE into liquid receipt tokens that can be used as collateral across lending markets, DEX liquidity pools, and yield vaults. On Hyperliquid, LSTs benefit from the L1's sub-second finality and unified state between HyperCore and HyperEVM.