> 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/restaking/restaking-risks-and-faq.md). # Restaking: risks and FAQ What restaking adds to holding stHYPE, where the extra yield comes from, how the rate changes as the pool grows, and how long it takes to get HYPE back. Restaking puts stHYPE into one shared pool. The pool's stake is used by curated partners who need staked HYPE on Hyperliquid, and they pay restakers in HYPE for it. Your stHYPE keeps earning base staking yield the whole time. In exchange, withdrawals take a 14-day cooldown. This page answers the questions we hear most before people deposit. For step-by-step instructions, see [How to Restake](/stakedhype/restaking/how-to-restake.md). \ \ Ready to start? [Restake in the Valantis app](https://app.valantis.xyz/restaking). ## At a glance | Topic | Details | | --------------------- | --------------------------------------------------------------------------------------------------------------------------------------- | | **What you earn** | Base staking yield, plus a share of the HYPE partners pay the pool each day | | **Who pays today** | Ethena, 10 HYPE per day, for stake that keeps USDe live as a quote asset on HyperCore | | **Withdrawals** | 14-day cooldown, earning base staking yield throughout. Cancellable at any time | | **Getting HYPE back** | About 17 days in total typically, about 21 days at most in normal conditions | | **Fees** | No deposit or withdrawal fee. Network fees apply | | **Minimum deposit** | None | | **Audit** | [stHYPE Restaking Audit, Oct 18 2026](https://github.com/ValantisLabs/audits/blob/main/stakedhypeescrow-security-review-2026-10-18.pdf) | ## Key risks * **Slashing.** Restaking does not add new slashing risk to your stake. Hyperliquid's penalties apply to all stHYPE, restaked or not. The live allocation backs the USDe quote asset and follows Hyperliquid's [quote-asset slashing rules](https://hyperliquid.gitbook.io/hyperliquid-docs/hypercore/permissionless-spot-quote-assets). Slashed HYPE is burned. If a slashing happens, all stHYPE holders share the loss equally. * **Liquidity.** You accept a 14-day cooldown before you get your stHYPE back. Large, protocol-wide withdrawals can take longer. See [Understanding stHYPE](/stakedhype/stake-accounts.md#large-unwinds). * **Yield dilution.** Partners pay a fixed amount of HYPE per day, shared by everyone restaking. The more stHYPE in the pool, the lower each depositor's rate. See [How the rate changes as the pool grows](#how-the-rate-changes-as-the-pool-grows). * **Smart contracts.** The restaking contract is audited, but no audit removes smart-contract risk. * **No backstop.** There is currently no insurance or insolvency backstop for losses. See [Transparency and Risks](/stakedhype/transparency-and-risks.md). ## Current Restaker Rewards This is current committed liquidity after any fees applied, what restakers realize. These numbers can change in the future.
Yield sourceRewardStatusTerm
USDe Quote Asset10 HYPE per dayActiveActive until Dec 2028
HIP-4 deployer (not live)Estimated 40 HYPE per dayNot live yet. Soon.TBD
Trading Fee Discount Market Maker (not live)Estimated 20–100 HYPE per day, depending on volume and HYPE priceNot live yet. Soon.TBD
### stHYPE Restaking Yield Calculator Partners pay a fixed amount of HYPE per day, split across everyone restaking. The more stHYPE in the pool, the smaller each share, so APY goes down as deposits grow. {% @valantis-restaking-yield/calculator-card content="revision-4" %} ## FAQ ### Yield
Where does the extra yield come from? Ethena pays restakers 10 HYPE per day to keep USDe live as a quote asset on HyperCore. Hyperliquid requires staked HYPE to back a quote asset, and restaked stHYPE provides that stake. The 10 HYPE is shared by everyone restaking, on top of the base staking yield every stHYPE already earns. Your HYPE is never lent out, borrowed, or traded. It stays staked on HyperCore in stHYPE protocol accounts.
Is the 10 HYPE per day guaranteed? The USDe agreement runs from Dec 1 2025 to Dec 1 2028. Rewards are committed to the pool one week at a time, so you can always see what the pool is earning before you deposit. The 10 HYPE per day is committed by the USDe quote asset and is expected to continue through December 2028. If USDe delists as a quote asset or changes staking provider, restakers get 90 days' notice before the extra yield stops.
Why is USDe still live if Ethena shut down its HIP-3 exchange? Ethena closed its HIP-3 perps exchange, but USDe remains a live quote asset on HyperCore. Hyperliquid requires a quote asset's stake to stay in place for its full term, so the agreement and its payments continue through Dec 2028.
Do stHYPE holders who don't restake get the USDe yield? Before restaking launched, Ethena's USDe payments were shared across all stHYPE holders. Restaking now directs them to restakers, which slightly lowers base stHYPE yield in exchange for a larger boost for restakers. The goal is to grow the pie: restaking makes entirely new yield deals possible, which raise earnings for the whole system.
What happens to my rate as more people deposit? Your share of the daily HYPE gets smaller as the pool grows, because the same amount is split across more stHYPE. New partners add to the daily amount when they go live. See [How the rate changes as the pool grows](#how-the-rate-changes-as-the-pool-grows).
Are there fees? There is no deposit or withdrawal fee; network fees apply. stHYPE's standard 10% protocol fee is already accounted for in the APY shown in the app.
### Risk
Does restaking add slashing risk? No new slashing risk is added to your stake. Hyperliquid's penalties apply to the protocol's stake whether stHYPE is restaked or not. What restaking changes is who accepts withdrawal delays: restakers take the 14-day cooldown so that liquid stHYPE stays liquid. The live allocation backs the USDe quote asset. That stake can be slashed if the USDe markets break Hyperliquid's [quote-asset rules](https://hyperliquid.gitbook.io/hyperliquid-docs/hypercore/permissionless-spot-quote-assets). In plain terms: the USDe stake can be slashed if the USDe/USDC and USDe/HYPE order books become illiquid and USDe is considered to have lost its $1 peg for more than 3 days. HIP-3 and HIP-4 rules are covered in [Background: Deployer Stake](/stakedhype/restaking/deployer-stake.md). Neither is live today.
If a slashing happens, who takes the loss? Slashed HYPE is burned. It is not paid to anyone, and there is currently no insurance or insolvency backstop. All stHYPE holders share the loss equally. Restakers don't take on extra slashing risk; they only accept the longer withdrawal conditions.
Can I choose which strategies my stHYPE supports? No. One deposit gives you a share of the whole pool. Rewards and risks are shared across all restakers; you don't opt into individual partners.
Has the restaking contract been audited? Yes. Read the [stHYPE Restaking Audit](https://github.com/ValantisLabs/audits/blob/main/stakedhypeescrow-security-review-2026-10-18.pdf). Protocol-wide risks and liquidity are reviewed quarterly in the [stHYPE Health Reports](/stakedhype/transparency-and-risks.md#sthype-health-reports).
What protects restakers if a HIP-4 deployer goes live? The proposed HIP-4 terms include $1,000,000 of slashing protection and a stake committed by the deployer alongside restakers. These terms are not final until the deployer goes live.
### Withdrawals
How long does it take to get HYPE back? 1. **Request a withdrawal.** A 14-day cooldown starts. That amount keeps earning base staking yield, and you can cancel at any time. 2. **Claim.** After 14 days, claim your stHYPE from Positions. It is not sent automatically. 3. **Convert to HYPE.** Swap stHYPE at the market rate for the fastest exit, or unstake with no fee. Unstaking takes up to about 7 days, about 3 on average. Typical total: about 17 days. In normal conditions, at most about 21 days with no fees, 14 of them still earning. Very large, protocol-wide withdrawals can take longer.
Do I keep earning during the cooldown? Yes, base staking yield. The amount you withdraw stops earning restaking rewards when the cooldown starts. Anything left in your position keeps earning both.
Can I cancel a withdrawal? Yes, any time before the cooldown ends. The amount returns to your restaked position and restaking rewards resume. After the cooldown, claim your stHYPE and deposit it again if you change your mind.
Is there a faster exit for large holders? No. All restakers exit after the same 14-day cooldown, whatever the size of their position.
Can the 14-day cooldown change? It may be raised in the future, but only with at least 30 days' notice, so you have time to withdraw under the current terms. Requests already in progress keep their original claim date, even if the cooldown changes afterward. Protocol pauses can also affect when withdrawals become claimable.
### Using restaked stHYPE
Do I get a receipt token? Can I borrow against it? Not yet. Restaked stHYPE is not tokenized, so it can't be used on lending markets or elsewhere in DeFi.
Does restaking change my validator or my Prime trading discount? Your validator stays the same. Restaked stHYPE does not count toward your Prime trading discount.
Is there a minimum deposit? No.