> 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/stake-accounts.md).

# Stake Accounts

The stake accounts stHYPE uses on HyperCore, what each kind earns and gives up, and how withdrawals are served.

stHYPE stakes its HYPE through several Stake Accounts on HyperCore. Standard accounts serve ordinary withdrawals, which target about 7 days. Deployer accounts are built to earn more, and in return give up liquidity and take on deployer slashing risk.

{% hint style="info" %}
**Status, checked 19 September 2026.** The Ethena HyENA HIP-3 exchange has sunset. On that date the two deployer stake account addresses below held no stake on HyperCore. That check covers those two addresses only.
{% endhint %}

|                 | Standard stake accounts        | Deployer stake accounts                                                                                                                                                                                                                                                                     |
| --------------- | ------------------------------ | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |
| **Yield**       | Base staking yield             | Base yield plus a HYPE premium                                                                                                                                                                                                                                                              |
| **Withdrawals** | Ordinary, targets about 7 days | The allocation's recall period, 30 to 183 days                                                                                                                                                                                                                                              |
| **Slashing**    | Validator slashing             | Validator slashing plus validator-elected deployer slashing ([HIP-3 and HIP-4 rules](/stakedhype/restaked-hype-for-hip-3-and-hip-4/hip-3-and-hip-4-stake-requirements.md), [quote-asset rules](https://hyperliquid.gitbook.io/hyperliquid-docs/hypercore/permissionless-spot-quote-assets)) |

Every account can only stake to HyperCore. None of them lend or rehypothecate.

## Accounts

* **Standard stake accounts (5)**
  * [Account 1](https://hyperevmscan.io/address/0x591540F231055743A37F691C3ffd50E4E53561ab)
  * [Account 2](https://hyperevmscan.io/address/0x16a4814e8eb502C56CeBD73f9c8AC7fDeE29C042)
  * [Account 3](https://hyperevmscan.io/address/0xf992Aa323eC183733213f874b6322B8bD1Aad625)
  * [Account 4](https://hyperevmscan.io/address/0x06b5659F16110319137220d1efd680053f5e72a2)
  * [Account 5](https://hyperevmscan.io/address/0xE787DD1347a29e6807d164C4Fa43105B64048556)
* **Deployer stake accounts (2)**
  * [HIP-3 Staking Module](https://hyperevmscan.io/address/0xA5101B03675294C87ab7381b41d4225EB8709128) (Ethena HyENA)
  * [Quote Asset Deployer Staking Module](https://hyperevmscan.io/address/0x358E783C32147B344a1168e0984D3350DE4e07cB) (USDe)

<figure><img src="https://986147118-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F1hNJeG4CApeBcE2NlR61%2Fuploads%2Fgit-blob-06d05d179a0586e596c977be4078034281a6917e%2FGraphic%20A%20_%20Version%2010.png?alt=media" alt="Seven stake accounts with example yields"><figcaption><p>Illustrative, from before the HyENA sunset. Do not read the rates, sizes or withdrawal terms shown as current.</p></figcaption></figure>

{% hint style="info" %}
**Source of truth for APY.** Realized stHYPE APY, historical and present, is tracked at [app.valantis.xyz/staking](https://app.valantis.xyz/staking). The graphics on this page do not reflect stHYPE's 10% protocol fee on rewards.
{% endhint %}

Which deployers receive stake, and how much, is decided through the [Deployer Curation Process](/stakedhype/restaked-hype-for-hip-3-and-hip-4/deployer-curation-process.md). [Restaked stHYPE](/stakedhype/restaked-hype-for-hip-3-and-hip-4.md) is designed to be the capital that backs those commitments.

## Withdrawals

There is no fee to withdraw. In normal conditions a withdrawal targets about 7 days, and [the app](https://app.valantis.xyz/staking?tab=withdraw) shows an estimate for your amount before you confirm.

<figure><img src="https://986147118-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F1hNJeG4CApeBcE2NlR61%2Fuploads%2Fgit-blob-fc943e1085ff296f837773c60514c0a1a34864f4%2Festimate_unstake_times.png?alt=media" alt="Estimated unstake times in the app for different withdrawal sizes"><figcaption><p>The estimate depends on the amount and on recent deposit flow.</p></figcaption></figure>

In normal conditions withdrawals are paid from two sources:

* **New deposits.** Every new HYPE deposit settles queued withdrawals before anything is staked, and the contracts enforce this. When deposits are flowing, withdrawals can settle faster than native unstaking.
* **The five standard accounts.** HyperCore allows one account five concurrent unstake requests and imposes a 24-hour lock after each re-delegation. Five accounts give stHYPE 25 concurrent unstakes and room to move stake between validators.

<figure><img src="https://986147118-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F1hNJeG4CApeBcE2NlR61%2Fuploads%2Fgit-blob-5b354c9d23240e159c57ffe14160eb9d6e0ddc0a%2FGraphic%20B%20_%20Version%201.png?alt=media" alt="Five standard stake accounts running unstakes in parallel"><figcaption><p>Five standard accounts run unstakes in parallel, 25 at a time.</p></figcaption></figure>

## Large unwinds

* **Standard accounts first.** Withdrawals keep coming out of the standard accounts at unchanged capacity until those accounts are empty.
* **Then deployer stake.** The remaining withdrawals wait for stake committed to deployers, which returns on each allocation's recall period, 30 to 183 days.
* **Early recall.** Some allocations may include early-recall terms, under which part of the stake can be recalled before the full commitment ends.

Prolonged withdrawals remain possible if requests exceed what the standard accounts and new deposits can absorb. Restaked stHYPE is the tranche that meets those delays first, and how the queue is served is on [Liquidity](/stakedhype/restaked-hype-for-hip-3-and-hip-4/liquidity.md#withdrawals-during-a-deployer-commitment).

## Reflexive yield

Deployer accounts pay a premium on a fixed amount of stake, while standard accounts earn only the base rate. As TVL falls, the same premium is spread over fewer stHYPE and protocol APY rises. As TVL grows, the effect tapers.

<figure><img src="https://986147118-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F1hNJeG4CApeBcE2NlR61%2Fuploads%2Fgit-blob-4c4d55f800b5e89bf0ffc91b2d0048e5254a779f%2Fyield-chart-2.png?alt=media" alt="Example protocol APY at 3M, 2M and 1M HYPE of TVL"><figcaption><p>The APY figures shown are examples and do not reflect stHYPE's current allocations.</p></figcaption></figure>

Higher yield at lower TVL tends to draw new deposits, and new deposits are the fastest way pending withdrawals get settled.

<figure><img src="https://986147118-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F1hNJeG4CApeBcE2NlR61%2Fuploads%2Fgit-blob-14fe67f37af7229cf5c064dc467544704145fe7d%2Fyield-curve.png?alt=media" alt="Example yield curve against a multiple of TVL"><figcaption><p>Example curve; not stHYPE's current allocations.</p></figcaption></figure>