🪙$HYPE vs $hsHYPE
Overview
HypurrStake involves two distinct tokens that play complementary roles in the staking ecosystem:
$HYPE: The native token used for staking on the Hyperliquid network.
$hsHype: The liquid staking token users receive after staking $HYPE through HypurrStake.
Comparison Table
Type
Native Token
Liquid Staking Token
Purpose
Used for staking
Represents staked $HYPE + accrued yield
Transferable
✅ Yes
✅ Yes
Participates in staking
✅ Yes (when locked)
✅ Yes (via protocol)
Can be used in DeFi
❌ No (locked when staked)
✅ Yes
Accrues rewards
❌ No (once unstaked)
✅ Yes (auto-compounding)
Redeemable
—
🔄 Can be redeemed for $HYPE
Peg
—
Floating (value increases ove
How They Interact
User stakes $HYPE → Receives $hsHype The exchange starts at 1:1, but over time, 1 $hsHype will be worth more than 1 $HYPE due to accumulated rewards.
Holding $hsHype = Passive Staking No need to actively manage rewards. Your $hsHype passively grows in value through protocol-managed validator rewards.
Redeem or Use Anytime You can:
Redeem $hsHype for $HYPE (subject to protocol conditions)
Use $hsHype across DeFi apps (e.g., lending, LPs, governance)
Summary
$HYPE is your base token — used to initiate staking.
$hsHype is your liquid proof of stake — usable, tradable, and constantly earning.
Together, they power a more flexible, capital-efficient staking experience on the Hyperliquid network.
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