Staking HYPE to Receive fHYPE

Staking with HyperFlash is designed to be simple and user-friendly. Users can stake their HYPE tokens and immediately receive fHYPE, the liquid staking token. The process typically involves interacting with the HyperFlash dApp or smart contract:

• Step 1: Connect Your Wallet: Visit the HyperFlash staking interface (web dApp) and connect a HyperEVM-compatible wallet. Ensure your wallet is on the HyperEVM network and contains HYPE tokens to stake. (HyperEVM is Hyperliquid’s EVM-compatible chain; you may need to add it to your wallet if not already added.)

• Step 2: Select Amount and Stake: Enter the amount of HYPE you wish to stake. There is no minimum or maximum – you can stake any amount. When ready, confirm the staking transaction. What’s happening in this step is that you are swapping HYPE for fHYPE. The transaction will send your HYPE into HyperFlash’s staking contract, which triggers the minting of the equivalent fHYPE to your address (minus any protocol fee if one exists; HyperFlash will charge zero fee on staking).

• Step 3: Receive fHYPE: Once the transaction is confirmed on-chain, you will see fHYPE tokens in your wallet (make sure to add the fHYPE token address to your wallet interface if it isn’t visible by default). Each fHYPE token represents your claim on the staked HYPE and the rewards it will earn. fHYPE is fully transferable – you can hold it, send it to others, or even use it in DeFi applications. However, as long as you hold it, you are effectively still “staked.” The underlying HYPE is locked in the staking contract and actively earning rewards via validators.

• Step 4: Earn Rewards Automatically: After staking, there’s nothing more you need to do to earn rewards. As HyperFlash’s validators generate staking rewards and MEV revenue, those accumulate for fHYPE holders. HyperFlash uses a non-rebasing mechanism to distribute these rewards. This means that the value of fHYPE increases steadily, credited to existing holders in proportion. HyperFlash makes reward distribution seamless – you do not need to manually “claim” rewards; they are continuously reflected in fHYPE.