Leveraged HYPE Staking

Boost yield on your staked HYPE through the use of HyperEVM lending protocols

Total Value Locked:

TBD

Total HYPE supplied:

TBD

Staking providers

stHYPE

Thunderhead

+2.18%

kHYPE

Kinetiq

+2.22%

beHYPE

Hyperbeat

+2.34%

All protocols 13

Hyperlend 4

HypurrFi 4

Hyperbeat 1

Felix 4

All assets 13

stHYPE 4

kHYPE 3

kHYPE-pt 3

beHYPE 3

Protocol ⇅	Asset ⇅		Max APY ↓	Max Lev. ⇅	S. APY ⇅	B. APY ⇅	APY Diff ⇅	Max Size ⇅	M. Util. ⇅
HypurrFi AaveV3 Fork	kHYPE-pt	Risks	+42.84%	10.00x Liq: 14.29x	5.66%	- 1.53%	4.13%	839,951.37 HYPE	45.93%
Felix Morpho Blue fork	kHYPE-pt	Risks	+32.19%	7.14x Liq: 7.14x	5.66%	- 1.34%	4.32%	475,872.75 HYPE	57.87%
Hyperlend AaveV3 Fork	kHYPE-pt	Risks	+25.04%	5.00x Liq: 7.14x	5.66%	- 0.817703%	4.84%	2,163,946.96 HYPE	65.42%
HypurrFi AaveV3 Fork	kHYPE	Risks	+11.99%	10.00x Liq: 20.00x	2.58%	- 1.53%	1.05%	839,951.37 HYPE	45.93%
Felix Morpho Blue fork	beHYPE	Risks	+11.94%	7.14x Liq: 7.14x	2.34%	- 0.776513%	1.56%	59,170.54 HYPE	32.61%
HypurrFi AaveV3 Fork	beHYPE	Risks	+11.83%	10.00x Liq: 20.00x	2.56%	- 1.53%	1.03%	839,951.37 HYPE	45.93%
Hyperbeat Morpho Blue fork	stHYPE	Risks	+11.24%	11.76x Liq: 11.76x	2.18%	- 1.34%	0.841303%	9,976 HYPE	67.25%
HypurrFi AaveV3 Fork	stHYPE	Risks	+9.59%	10.00x Liq: 20.00x	2.34%	- 1.53%	0.805715%	839,951.37 HYPE	45.93%
Felix Morpho Blue fork	kHYPE	Risks	+8.16%	7.14x Liq: 7.14x	2.22%	- 1.25%	0.966762%	625,060.17 HYPE	52.20%
Hyperlend AaveV3 Fork	kHYPE	Risks	+6.43%	4.00x Liq: 5.00x	2.22%	- 0.817703%	1.40%	2,163,946.96 HYPE	65.42%
Hyperlend AaveV3 Fork	stHYPE	Risks	+6.30%	4.00x Liq: 5.00x	2.19%	- 0.817703%	1.37%	2,163,946.96 HYPE	65.42%
Hyperlend AaveV3 Fork	beHYPE	Risks	+4.53%	2.44x Liq: 3.85x	2.34%	- 0.817703%	1.52%	2,163,946.96 HYPE	65.42%
Felix Morpho Blue fork	stHYPE	Risks	+0.423250%	7.14x Liq: 7.14x	2.18%	- 2.47%	-0.285983%	7,740 HYPE	74.82%

FAQ

What is HYPE staking?

Staking in the Hyperliquid ecosystem refers to the act of depositing (i.e. staking) a certain amount of HYPE in order to power validator software which drives the Hyperliquid consensus mechanism together with other validators on the network. In exchange for these services, the network rewards the participating validators with extra HYPE for securing the Hyperliquid blockchain.

What are liquid staking tokens?

Where does the yield in liquid staking tokens come from?

How do stHYPE and kHYPE accrue rewards differently?

stHYPE always represents native HYPE 1:1, and will accrue protocol rewards in the form of a rebase, meaning that rewards will automatically accrue to the holder's wallet. kHYPE continuously accrues rewards over time while maintaining a constant quantity of tokens in your wallet. As rewards accumulate over time, the value of the kHYPE token grows, and the kHYPE:HYPE exchange rate increases as well. This is why the kHYPE:HYPE exchange rate is not 1:1 - the longer you hold kHYPE, the more rewards you will accrue, and the greater the difference in the exchange rate. The reward-accrual LST design employed by Kinetiq is in contrast to a rebasing LST design, where the token adjusts in supply to maintain a stable value. The exchange rate remains the same but the token balance constantly rises in your wallet as staking rewards are accrued over time. The frictionless accrual of yield makes the reward-accrual model superior to rebasing.

What is leveraged staking?

What types of risks should I consider with leveraged staking?

There are multiple types of risk to consider with leveraged staking strategies, including, but not limited to, liquidation risk, risk of value loss, as well as protocols risk. Specifically, liquidation risk can become likely either if the used LST(s) lose their value correlation (or peg) to HYPE, or if the used lending protocol(s) decide to change parameters relating to collateral factors and liquidation thresholds of used LST(s). Moreover, value loss can potentially happen if the user accepts bad swap rates when entering or exiting any of these positions, as well as in cases where HYPE borrowing rates grow too high for these positions to maintain a positive net APY. Finally, protocols risk should be considered for the staking protocols and providers, lending protocols, as well as the HypeLever platform itself.

How does HypeLever work and what is its role?

HypeLever is a fully non-custodial application for creating and managing leveraged staking positions in various DeFi lending protocols on HyperEVM that support such positions. All positions created using HypeLever are fully separate with no asset pooling or position overlap of any kind happening, meaning there's no shared economic risk across any positions opened using HypeLever.

How are APYs and profit estimates calculated?

Are there fees in HypeLever for creating or exiting these positions?

HypeLever uses a performance based fee model which means that there are no service fees of any kind charged when entering any of the available positions, but there is a performance fee taken when exiting the position(s). The performance fee works as a percentage charge on the amount earned on top of your deposited capital and is currently at 10% across all positions available at HypeLever.

Are there any costs that are not immediately noticeable?

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