Overview
srHYPE
srHYPE is a liquid staking token for HYPE holders participating in Stratium's HIP-3 deployment.
Deposit HYPE, receive srHYPE. Earn staking yield and trading fee share. Withdraw anytime, subject to liquidity.
Why srHYPE Exists
HIP-3 deployers on Hyperliquid must maintain a minimum 500,000 HYPE stake to operate a perpetuals exchange. srHYPE secures this stake while giving depositors exposure to both staking yield and fee revenue.
srHYPE is a fully transferable ERC-20 token representing your claim on underlying HYPE plus accumulated rewards.
Yield
Two sources:
Native Staking — Standard Hyperliquid staking rewards, less validator commission.
Trading Fee Share — Portion of fees from Stratium markets, distributed proportionally based on your share of total staked HYPE.
The srHYPE/HYPE exchange rate increases over time as yield accrues. No manual claiming required.
Withdrawals
Withdraw HYPE anytime there is liquidity above the 500,000 HYPE minimum.
Request — Enters a global queue (FIFO). You continue earning while queued and can cancel anytime before processing.
Claim — After processing and Hyperliquid's ~8-day unstaking period, claim HYPE to your Hypercore account.
If the vault is at or below the minimum, withdrawals pause until liquidity becomes available.
Risks
HIP-3 slashing conditions per Hyperliquid docs
Withdrawal liquidity risk if deposits approach the minimum threshold
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