Hyperbeat LST Review 2026: beHYPE Liquid Staking on Hyperliquid

Hyperbeat LST is the liquid staking part of Hyperbeat, a DeFi project on Hyperliquid's HyperEVM. Its token, beHYPE, is a liquid staking token for HYPE built in collaboration with Etherfi. It has been tracked since September 2025 and holds around $13.2M in TVL.

Hyperbeat positions itself more broadly as a place to stake, earn, trade and pay. The homepage lists yield vaults for HYPE, BTC, ETH and stablecoins, accessed from what it calls a Liquid Bank Account, a self-custodial account where users keep their own keys.

The project has no token of its own in the data and lists no audits. Fees, team and licensing details are not published on the pages reviewed, so readers should check the documentation directly.

You deposit HYPE, the native asset of Hyperliquid, and receive beHYPE in return. The deposited HYPE is staked with validators, and beHYPE represents your claim on that stake plus the rewards it earns. Because beHYPE is an ordinary token on HyperEVM, it can be held, moved or used in other applications while the underlying HYPE keeps earning.

Hyperbeat says beHYPE is fully onchain and lets holders take part in validator governance. It was built in collaboration with Etherfi, which is known for liquid staking and restaking products on Ethereum.

Beyond staking, Hyperbeat runs managed vaults and older legacy vaults for HYPE, BTC, ETH and stablecoins. These pool deposits into strategies intended to earn yield, and the vault token reflects your share.

Hyperbeat does not publish a fee schedule on the pages reviewed. Liquid staking protocols commonly take a share of staking rewards, and vaults often charge performance or management fees, but the specific rates here are not stated.

Users will also pay network gas on HyperEVM when staking, depositing or withdrawing. Check the staking and vault pages in the app and the documentation for current rates before depositing.

The data lists no audits for Hyperbeat LST, and the sources reviewed do not describe one. Users take on smart-contract risk, validator risk and the risk that the beHYPE token trades away from the value of the underlying HYPE. Because the product depends on Hyperliquid and HyperEVM, problems on that network would affect it directly.

Hyperbeat describes its account as self-custodial, so users keep their own keys instead of depositing with an exchange. No incidents are mentioned in the sources reviewed. Only deposit what you can afford to lose and verify contract addresses through the official documentation.

Hyperbeat LST is for HYPE holders already active on Hyperliquid who want staking rewards without locking their tokens, and for users who want vaults and staking from one self-custodial interface. It is less suited to people who need audited, long-established protocols or who do not want exposure to a single ecosystem.