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.
One share pool, two interfaces: a rebasing balance vs a rising exchange rate
The token count grows every day as staking rewards rebase in — price stays pegged 1:1 to HYPE.
The token count never changes — instead each wstHYPE redeems for more HYPE over time. Preferred as DeFi collateral.
Slide to split your shares between the rebasing and wrapped faces. Total HYPE value never changes.
Advance time to watch stHYPE's balance grow and wstHYPE's rate climb — both accrue the same yield.
Illustrative model — not live protocol data.
Live signals detected by Sentinel monitors across all five risk classes.
See each alert's affected component, root-cause analysis, and recommended action. Pro members get the full risk breakdown for every protocol.
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.
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.
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.
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.
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.
DeFi Sentinel rates stHYPE BB with a safety score of 60/100, indicating elevated 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 2 high, 6 medium, 6 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.
stHYPE has a DeFi Sentinel safety score of 60/100 (rating BB), last updated July 8, 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%).
stHYPE is deployed on Hyperliquid.
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.
