Staking · Review
ActivestHYPE Review 2026: Liquid Staking on Hyperliquid
stHYPE is a liquid staking token for HYPE on Hyperliquid's HyperEVM, now run by Valantis. It holds about $194 million in TVL, but fees and audit details are not public.
By the DappsAtlas editorial team · Updated
DappsAtlas score
7.2/10
Good
Our verdict on stHYPE
7.2/10stHYPE suits HYPE holders who want staking rewards while keeping a liquid token for use in Valantis pools, vaults and Hyperliquid fee discounts. Its main strength is scale: about $194 million TVL, two listed audits, and a published roles registry under Valantis ownership. The main caveat is missing detail. Fees, APY and audit specifics are not public, and you take on smart-contract, admin-control and Hyperliquid concentration risk, so read the docs first.
Score breakdown
How stHYPE scores
- Security
- 6.8/10
- Ease of use
- n/a
- Fees
- n/a
- Features
- 7.5/10
Scores run from 0 to 10 and are based only on facts we could verify. Where information was missing we mark the score n/a rather than guess.
What is stHYPE?
stHYPE is a liquid staking platform for HYPE, the token of Hyperliquid. DefiLlama describes it as the Hyperliquid liquid staking platform and lists it with about $194 million in total value locked, up 6.2% over seven days. It has been tracked since July 2025.
In August 2025, Valantis, a modular DEX protocol, acquired the Staked Hype protocol, which news results called the second-largest liquid staking token on HyperEVM at the time. The official site is now the Valantis app, whose tagline is Deposit, Trade, and Earn on Hyperliquid.
Beyond staking, public reporting points to extras tied to stHYPE: a looping vault for Prime Traders, trading fee discounts on Hyperliquid, and a points program. DefiLlama lists two audits but the project does not name the auditors, and no fee details are given.
How stHYPE works
Liquid staking lets you stake a network's token without locking it away. You deposit HYPE, the staking position earns rewards, and you receive stHYPE, which represents your share of that position. The token can then be used in other DeFi products while the underlying HYPE keeps working.
Public sources show stHYPE is used as collateral and in vaults and pools in the Valantis ecosystem. A looping vault is mentioned for Prime Traders, and a points program rewards holding stHYPE or wstHYPE and using Valantis pools. The exact mechanics of validator selection and withdrawals are not public.
6 features
Key features
01
Liquid staking for HYPE
Deposit HYPE and receive stHYPE, a token that represents the staked position and stays usable while the HYPE is staked.
02
Wrapped wstHYPE version
A wrapped form, wstHYPE, is referenced in the Valantis points program alongside stHYPE.
03
Looping Vault
Valantis docs mention an stHYPE Looping Vault that lets Prime Traders upgrade staking tiers with less capital.
04
Trading fee discounts
Valantis promotes up to 40% off trading fees on Hyperliquid for users holding stHYPE.
05
Points program
Holding stHYPE or wstHYPE and using Valantis pools are listed as eligible activities for earning Valantis points.
06
Published roles registry
The docs include a registry of stHYPE roles, privileged controls and documented delay or timelock behavior.
Pros and cons
What we like
- Sizable TVL of about $194 million, suggesting real usage.
- Backed by Valantis, which acquired the protocol in August 2025.
- Liquid token can be used in Valantis pools, vaults and as collateral elsewhere.
- DefiLlama lists two audits.
- Published roles registry and documented timelock behavior add transparency.
- Extras such as fee discounts and points may add value for active Hyperliquid users.
Watch out for
- No audit details are given publicly beyond a count of two listed audits, so readers must find the reports themselves.
- Fee levels, including any protocol cut of staking rewards, are not stated publicly.
- The protocol has a documented roles registry with privileged controls, which means governance and admin trust matter.
- Exposure is concentrated in a single ecosystem, Hyperliquid, so risks to that chain or to HYPE affect the whole product.
- Its homepage is minimal, so the app's interface and onboarding could not be assessed from public sources.
- Liquid staking tokens add smart-contract risk and can trade away from the value of the underlying HYPE.
stHYPE fees
The project does not publish stHYPE's fee structure, such as any cut taken from staking rewards or deposit and withdrawal charges. Readers should check the Valantis app and docs before depositing.
One search result points to up to 40% off trading fees on Hyperliquid for stHYPE holders. Normal network gas and any DEX swap costs would apply when moving the token, but amounts are not stated.
Is stHYPE safe?
DefiLlama lists two audits for stHYPE, but the project does not name the auditors or findings. Check the reports directly. Liquid staking carries smart-contract risk, and the token's value depends on the underlying HYPE position and on market liquidity.
The project documents a roles registry covering privileged controls and delay or timelock behavior, which is a useful transparency step but also shows that some admin powers exist. No incidents are mentioned publicly. This is not financial advice, and readers should only deposit what they can afford to lose.
6 steps
How to get started with stHYPE
- 1
Check that you are on the official Valantis app and not a lookalike site.
- 2
Read the stHYPE documentation, including the roles registry and any withdrawal delays.
- 3
Connect a compatible wallet and make sure you hold HYPE on Hyperliquid's EVM environment.
- 4
Review the current APY estimate and fee terms in the app before depositing.
- 5
Deposit a small amount of HYPE first and receive stHYPE.
- 6
Decide whether to hold it, use it in a Valantis pool or vault, or earn points, and track your position.
Who stHYPE is for
stHYPE is for HYPE holders comfortable with DeFi who want to stake and still use their position elsewhere. It also suits active Hyperliquid traders interested in the fee discounts and the looping vault. Newcomers should read the docs and start small.
stHYPE FAQs
What is stHYPE?
stHYPE is a liquid staking token for HYPE on Hyperliquid. You deposit HYPE and receive a token that represents your staked position, which you can keep using elsewhere in DeFi.
Who runs stHYPE?
Valantis, a modular DEX protocol, acquired the Staked Hype protocol in August 2025, according to news results. Valantis described it as the second-largest liquid staking token on Hyperliquid at that time.
Which chain does stHYPE run on?
DefiLlama lists stHYPE on the hyperliquid chain only. Public reporting refers to HyperEVM, which is Hyperliquid's EVM environment.
What can I do with stHYPE?
Public reporting mentions an stHYPE Looping Vault for Prime Traders and a claim of up to 40% off trading fees on Hyperliquid for stHYPE users. Valantis also runs a points program that counts holding stHYPE or wstHYPE. Check the current docs for terms.
What is the stHYPE APY?
No APY is published publicly, and staking yields change over time. The project's X account points to an estimator for post-deposit APY and annual HYPE earnings, so check the app for current figures.
Does stHYPE have its own token?
No. DefiLlama lists no token of its own for the project. The wstHYPE name in public reporting refers to a wrapped version of the staking token, not a separate governance token.
Is stHYPE safe?
Risks include smart-contract bugs, admin or role-based controls, depegs from the underlying HYPE, and Hyperliquid-specific risk. The project documents a roles registry and timelock behavior, which readers should review.
Compare
stHYPE alternatives
Kinetiq is a non-custodial liquid staking protocol on Hyperliquid that turns staked HYPE into the yield-bearing kHYPE token for DeFi users.
SSV Network is a distributed validator technology layer for Ethereum staking, used by exchanges, custodians, staking services and node operators.
Obol builds Distributed Validator technology that splits Ethereum validators across operator clusters, for stakers, operators and institutions.
Babylon is a Bitcoin collateral infrastructure project that lets holders stake native BTC or use it as collateral without wrapping or bridging.
Jito Liquid Staking lets Solana users stake SOL for JitoSOL, a liquid token that accrues staking and MEV rewards.
ether.fi Stake is a non-custodial Ethereum liquid staking protocol with an app for earning, borrowing and spending, for ETH holders comfortable with DeFi risk.
Same category
More Staking dApps
Marinade is a Solana staking protocol offering native and liquid staking (mSOL) via an auction where validators bid for delegated SOL.
BlazeStake is a non-custodial Solana liquid staking protocol that issues bSOL, for SOL holders wanting staking yield and DeFi use.
Liquid Collective is a non-custodial Ethereum liquid staking protocol issuing LsETH, designed mainly for institutions and compliance-focused stakers.
Ankr is a Web3 infrastructure provider offering multichain RPC, rollup services and liquid staking for stakers, developers and enterprises.
Sanctum Validator LSTs are Solana liquid staking tokens from SanctumSPL stake pools, for SOL holders and teams launching custom LSTs.
mETH Protocol is a non-custodial ETH liquid staking protocol on Ethereum, governed by Mantle, for ETH holders who want yield and a liquid receipt token.
Same chain
More on Hyperliquid L1
Uniswap V4 is the latest Uniswap DEX version with hooks and concentrated liquidity, running on 22 chains for self-custody token swaps and liquidity provision.
LayerZero V2 is a cross-chain messaging protocol and bridge infrastructure for developers and asset issuers, connecting dozens of blockchains.
Morpho Blue is a permissionless lending primitive with about $11.4 billion in TVL on DefiLlama, accessed mainly through curated vaults.
Euler V2 is a modular DeFi lending protocol for lenders, borrowers and market curators, with about $268M TVL across 16 chains.
Across is an intent-based cross-chain bridge and swap protocol for moving tokens between Ethereum, rollups and other chains, with an API for apps.
Sablier Lockup is an audited onchain protocol for token vesting, payroll, grants and airdrops, aimed at DAOs and businesses across many chains.
How we checked
Sources
Last updated . Spotted an error? Tell us and we will correct it.