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Hyperliquid Launches Staking on Mainnet
https://ift.tt/29gRKNr
Staking allows HYPE token holders to participate in securing the network by locking their tokens and helping validate new blocks.
Like other proof-of-stake networks, Hyperliquid uses a system where validators propose new blocks. The proposal is based on the amount of HYPE staked to them. This new feature opens up opportunities for HYPE stakers to earn rewards while playing a crucial role in network security.
Choosing the Right Validator: Key to Successful Staking on Hyperliquid
The staking process is not just a “get-rich-quick” scheme; it’s a serious responsibility of the Hyperliquid community. Users must choose a trusted validator who they believe will uphold the network’s integrity and contribute to its success. Stakers are encouraged to consider various factors when selecting a validator, including uptime, commission rates, reputation, and their overall contributions to the Hyperliquid ecosystem.
Staking is now live on mainnet.
Staking is an important milestone for Hyperliquid because it allows the diverse community of HYPE stakers to collectively secure the network. Like other proof of stake networks, new blocks on Hyperliquid are proposed by validators in proportion to… pic.twitter.com/J8uECmHGwK
— Hyper Foundation (@HyperFND) December 30, 2024
In addition to staking directly with validators, the Hyper Foundation will introduce a Delegation Program to further decentralize the network. The program will support high-performing validators and incentivize them to perform at their best.
More About Hyperliquid
The Hyperliquid Ecosystem encompasses several crucial protocols. Key among these are the DEXs like HyperSwap, Kittenswap, and Curve, which facilitate decentralized trading activities. Lending, Staking, and Stablecoins are supported by platforms such as Stakedep, Thunderhead, and Kinetic, providing users with options for earning interest and staking assets.
This is the Hyperliquid Ecosystem.
I expect this list to grow 3x – 4x when launch EVM.
Bullish af $HYPE pic.twitter.com/wJ9UVSYZsd
— hodler.hl
(@hodlerr0) December 22, 2024
General Research & Data is supported by tools like Hyperliquid Dashboard and Blockscout Explorer, offering insights and analytics that are vital for informed decision-making. Trading Tools like Insilico Terminal and CopyCat Bot enhance trading efficiency through professional-grade resources, while Interoperability solutions like Solv Protocol ensure seamless integration across different blockchains.
Disclaimer
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December 30, 2024 at 06:50AM
December 30, 2024 at 06:50AM
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