> For the complete documentation index, see [llms.txt](https://docs.valantis.xyz/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.valantis.xyz/prime/discounts/strategies/market-maker-inventory.md).

# Put Market-Maker Inventory to Work

Convert strategic or idle HYPE inventory into stHYPE so the same balance earns yield, qualifies the desk for lower fees, and remains available as collateral.

stHYPE normally earns about **2.4%**, with periods as high as **3%**. It can earn more than native staking because holders also receive a share of trading volume generated through Valantis Prime.

## What changes

| Before                            | With Prime stHYPE                                                             |
| --------------------------------- | ----------------------------------------------------------------------------- |
| HYPE inventory or native stake    | Higher-than-native stHYPE yield                                               |
| Native staking tier only          | Prime tier while the balance remains usable in supported DeFi                 |
| No USDC line against native stake | Up to 59% LTV on HyperLend                                                    |
| Native unstaking before reuse     | Instant exit usually available through DEX liquidity or the redemption buffer |

For illustration, a Platinum-sized 100,000-HYPE position at $67.78 and $500M of monthly taker flow through the Prime UI produces approximately:

* **$31.5k per month** of fee savings after the Prime UI fee, assuming a 3.0 bps base volume-tier rate and a 30% staking discount.
* **$13.6k per month** at a 2.4% stHYPE yield.
* Roughly **$540k per year** combined before borrow costs, hedging costs, slippage, or taxes.

Valantis collects no trading-volume fees on API or external-terminal trades; third-party builder-code fees may differ.

## When it fits

* The desk already warehouses HYPE and does not need the entire balance as intraday spot inventory.
* Taker flow is large enough for Gold or Platinum savings to matter.
* The desk wants a standby USDC line or a delta-neutral hedge without giving up the tier.

## Operating guidance

* Keep operational inventory separate from the strategic balance allocated to stHYPE.
* Maintain a buffer above the tier threshold if the position will move through lending or options venues.
* Use the [delta-neutral strategy](/prime/discounts/strategies/delta-neutral.md) if the desk does not want HYPE direction.
* Use the [USDC margin strategy](/prime/discounts/strategies/usdc-margin.md) for tactical liquidity instead of selling.

DEX liquidity and the redemption buffer usually provide an instant exit; users typically paid 1 bp and less than 3 bps over the trailing 90 days. The fallback unstaking path completes in under 7 days.