# FAQ * **What is Stratium?** Stratium is a structured-finance protocol on Hyperliquid. It operates three live products on mainnet: a perpetuals trading terminal through Builder Code at [trade.stratium.xyz](http://trade.stratium.xyz), a binary options frontend through HIP-4 at [markets.stratium.xyz](http://markets.stratium.xyz), and liquid staking through srHYPE at [app.stratium.xyz](http://app.stratium.xyz). Stratium is also building toward deploying its own structured product markets (volatility, hashprice, macro instruments) through HIP-3. * **What is srHYPE?** srHYPE is a liquid staking token you receive when you stake HYPE in the Stratium vault at [app.stratium.xyz](http://app.stratium.xyz). Each srHYPE represents staked HYPE backing it. While you hold srHYPE, your underlying HYPE is actively staked to support Stratium's infrastructure, earning validator rewards. Unlike native staking, srHYPE is transferable and liquid as an ERC-20 token on HyperEVM. * **What are the rewards from holding srHYPE?** Holding srHYPE gives you exposure to multiple reward streams automatically: validator staking rewards, a share of trading fees from Stratium markets (distributed in USDH), and points accrual based on how long and how much you hold. No manual claiming required. * **What are the risks?** srHYPE carries the same core risks as staking HYPE directly, plus additional risks specific to HIP-3 and liquid staking. These include: slashing risk (HIP-3 validator enforcement), minimum stake and redemption risk (500,000 HYPE threshold), smart contract risk, and protocol/network risk (changes to Hyperliquid or HIP-3 rules). Users should understand these risks before holding srHYPE. * **How can I withdraw or exit srHYPE?** Two options: (1) Redeem for HYPE through the Stratium vault at [app.stratium.xyz](http://app.stratium.xyz). Submit a withdrawal request, wait for the \~8-day unbonding period, then claim HYPE to your Hypercore account. Withdrawals depend on vault reserves above the 500,000 HYPE minimum. (2) Transfer or sell srHYPE immediately on secondary markets as an ERC-20 token, subject to market liquidity. * **Has the smart contract been reviewed?** The Stratium Staking Vault and srHYPE token contracts were reviewed by Halborn prior to mainnet deployment. * **How do Points work?** Points track how long and how consistently you hold srHYPE. Distributed weekly from a fixed pool based on stake-hours. Earlier participation earns higher weight through tiered multipliers. Weekly snapshots are immutable. Transfers reset tier status. Points are off-chain, non-transferable, and expected to convert to protocol rewards and governance participation. * **What is Market Studio?** Market Studio is Stratium's partnership platform for launching HIP-3 markets. Partners propose markets, cover the Dutch Auction cost , and earn a share of trading fees in perpetuity. Stratium handles the 500,000 HYPE bonding requirement, oracle configuration, and deployment operations. * **What is HIP-3?** HIP-3 is Hyperliquid's framework for third-party perpetual futures deployment. Builders stake 500,000 HYPE to deploy custom markets on Hyperliquid's matching engine. Deployers earn 50% of trading fees from their markets. Separately, Builder Codes allow third-party terminals to route volume through Hyperliquid's infrastructure. Stratium uses both: Builder Code at [trade.stratium.xyz](http://trade.stratium.xyz) (live), with HIP-3 structured product deployment planned. * **What is HIP-4?** HIP-4 is Hyperliquid's framework for binary outcome contracts, launched on mainnet May 2, 2026. Contracts are fully collateralized in USDH, settle to 0 or 1 at expiry, charge zero fees to open, and require no leverage or liquidation. Stratium operates a binary options frontend at [markets.stratium.xyz](http://markets.stratium.xyz). The first live markets are BTC daily binary contracts. * **How do I trade on Stratium?** For perpetuals: go to [trade.stratium.xyz](http://trade.stratium.xyz), connect your wallet, and trade any Hyperliquid perpetual through Stratium's Builder Code terminal. For binary options: go to [markets.stratium.xyz](http://markets.stratium.xyz), connect your wallet, and trade HIP-4 outcome contracts. For staking: go to [app.stratium.xyz](http://app.stratium.xyz), connect your wallet, deposit HYPE, and receive srHYPE. All three products use the same Hyperliquid account. No separate deposits or bridging. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. 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