stHYPE
AuditedVerifiedstHYPE is the second-largest liquid staking token on Hyperliquid, issued by Valantis Labs. Stake HYPE and receive stHYPE (rebasing) or wstHYPE (yield-bearing) — two interfaces over the same share pool with a 1–7 day unbonding queue.
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The Problem
HYPE stakers on Hyperliquid face the standard PoS liquidity exclusion problem — staked HYPE is locked behind a 7-day unbonding queue and cannot be used elsewhere in HyperEVM DeFi.
The Solution
stHYPE pools HYPE deposits, delegates to a curated validator set across standard and HIP-3 stake modules, and issues a dual rebasing/yield-bearing token pair (stHYPE + wstHYPE) that earns staking yield while remaining liquid and composable across HyperEVM lending, DEXs, and order books.
Why it Matters
First LST on HyperEVM (Feb 2025 launch). Pioneers a dual-token model where stHYPE (rebasing) and wstHYPE (yield-bearing) share the same underlying balance — no wrapping needed. Community Codes let users direct validator delegation in exchange for boosted yield. Now operated by Valantis Labs alongside the STEX LST AMM.
Protocol Metrics
Related Research
View allFrequently asked questions about stHYPE
What is stHYPE?+
stHYPE is a Liquid Staking protocol operating on Hyperliquid. stHYPE is the second-largest liquid staking token on Hyperliquid, issued by Valantis Labs. Stake HYPE and receive stHYPE (rebasing) or wstHYPE (yield-bearing) — two interfaces over the same share pool with a 1–7 day unbonding queue.
How does stHYPE work?+
stHYPE pools HYPE deposits, delegates to a curated validator set across standard and HIP-3 stake modules, and issues a dual rebasing/yield-bearing token pair (stHYPE + wstHYPE) that earns staking yield while remaining liquid and composable across HyperEVM lending, DEXs, and order books.
Is stHYPE safe?+
DeFi Sentinel rates stHYPE AA with a safety score of 81/100, indicating very low risk. The score reflects five risk dimensions: smart contract & technical risk, economic design & market risk, governance & centralization, sustainability & competitive position, and reputation & social trust. stHYPE has 6 audits on record. DeFi Sentinel's analysis flagged 1 high, 5 medium, 3 low risk alerts across Smart Contract & Technical Risk, Economic Design & Market Risk, Governance & Centralization, Sustainability & Competitive Position and Reputation & Social Trust. As with all DeFi protocols, residual risk remains and users should review the full risk breakdown before depositing.
What is the safety score of stHYPE?+
stHYPE has a DeFi Sentinel safety score of 81/100 (rating AA), last updated September 16, 2026. The score is computed across smart contract & technical risk (30%), economic design & market risk (25%), governance & centralization (20%), sustainability & competitive position (15%), and reputation & social trust (10%).
Which chains does stHYPE support?+
stHYPE is deployed on Hyperliquid.
Has stHYPE been audited?+
Yes. stHYPE has 6 audit reports on record from firms including Three Sigma, Pashov, Pashov. Audit reports and dates are linked under the Resources tab on this page.