> 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/stakedhype.md).

# stHYPE

A liquid staking network for Hyperliquid's economy.

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Hyperliquid and stHYPE are evolving. Features and use cases may change as the network develops.
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## Liquid Staking

Liquid staking lets you earn staking rewards while keeping your capital available:

* Access HYPE before native unstaking completes when liquidity is available: through stHYPE’s no-fee instant-redemption queue or an AMM swap at the available rate and fees.
* Borrow USDC against your staked assets to free up margin while continuing to earn yield on your long-term holdings.

Deposit HYPE and receive stHYPE, a token representing your stake that you can trade or use across DeFi while the underlying HYPE supports the network.

### stHYPE is more than vanilla Liquid Staking

On most networks, staking is a way to earn yield for providing *Network Security*. On Hyperliquid, staking is a much more expansive system driving incentive alignment across its financial stack:

* Staking lowers Trading Fees through Staking Tier Discounts.
* Staking lowers Trading Latency through Foundation Peering Stake Requirements.
* Staking unlocks perps market deployments through HIP-3.
* Staking unlocks binary outcomes and scalar options deployments through HIP-4.

stHYPE makes all of this liquid:

* [Valantis Prime](/prime/discounts.md) enables users to borrow against stHYPE while retaining staking fee discounts.
* [Restaking](/stakedhype/restaking.md) turns HYPE's utility into extra yield sources for stakers by powering HIP-3 and HIP-4 deployers.

stHYPE is turning HYPE's central role on the Hyperliquid blockchain into a liquid marketplace: Holders can earn higher yield than native staking through restaking, Traders and users who want to access the utility of staked HYPE can do so with all the benefits of liquidity brought by liquid staking.

### Why stake with stHYPE

* **Productive capital:** Earn staking rewards while using stHYPE as collateral across supported DeFi markets.
* **Access to liquidity:** Exit through available liquidity without waiting for the full unstaking period, subject to liquidity and fees.
* **Extra Yield:** Connect HYPE holders with demand from traders and builders, holders earn more yield by unlocking the utility behind their HYPE.