Staking $HYPE with NodeOps Staking Hub

Stakedrop is our way of letting you earn passive yield by helping to secure blockchain networks.

From today, you will be able to bring your $HYPE and stake it on NodeOps' HyperLiquid Testnet Validator Node to earn rewards in $HYPE and stNode. This initiative, facilitated by NodeOps, empowers our community to actively support the HyperLiquid network while earning rewards. Here's everything you need to know about staking and how to get started.

Staking

Staking is a fundamental process in Proof-of-Stake (PoS) blockchains, where participants lock their cryptocurrency to validate transactions and secure the network. In return, stakers earn rewards, typically in the form of the blockchain's native token.

Validators, who are responsible for adding new blocks to the blockchain, must stake a minimum amount of tokens as collateral. This ensures they act honestly, as any malicious behavior can lead to penalties, such as slashing (loss of staked tokens). By staking, participants contribute to the network's security and decentralization while enjoying passive income opportunities.

NodeOps Stakedrop now connects you to the HyperLiquid ecosystem, ensuring that staking your $HYPE is seamless and efficient.

Why stake $HYPE on HyperLiquid Testnet with NodeOps?

By staking $HYPE, you can earn daily rewards in $HYPE and stNODE that compound automatically.

• The APR for $HYPE will vary around 6.3%; note, this value is dynamic based on the HyperLiquid algorithm.

• 1 million $NODE tokens; redeemable in stNODE

stNODE is a liquid staking version of Node Points, or NPs as they are known. You can convert these to the NODE token after the Stakedrop campaign ends.

Details matter; let’s have ‘em

This Stakedrop campaign on Testnet has a massive 1,000,000 NODE Tokens allocated. Let’s double-click on the three main need-to-know Ts&Cs for this campaign:

• The $HYPE Testnet Stakedrop Campaign will run for 120 Days.

• Redemption cycle for stNODE to $NODE:

  1. 15 Days Unlock 10%

  2. 30 Days Unlock 25%

  3. 90 Days Unlock 50%

  4. 150 Days Unlock 100%

• The withdrawal of stNODE to the NODE token will start after the campaign is concluded.

Note, when you convert stNODE into the NODE token, this will be tied to your wallet. If you want to spend your NODE, we gotcha: head on over to the Console or the Marketplace.

NodeOps has done all the hard work behind the scenes to run a reliable HyperLiquid validator Node on the HyperLiquid Testnet. You get access to this via a simple app interface that will be very familiar to you if you use NodeOps Console.

Staking $HYPE on a HyperLiquid Testnet validator node through NodeOps is an excellent opportunity for community members to engage with blockchain technology while earning rewards. Not everyone has the 10K $HYPE minimum stake nor the technical know-how required to set up a robust infrastructure and validator Node. By participating in this process, the community can be stronger together and earn rewards. Whether you're an experienced staker or new to crypto, this initiative makes it easy to get involved in decentralized finance.

How to Stake $HYPE on HyperLiquid Testnet

• Step 1: Ensure your wallet supports $HYPE tokens and is connected to the HyperLiquid Testnet.

• Step 2: Transfer Tokens: Delegate your $HYPE tokens to NodeOps, and we will assign these to the validator.

• Step 3: Monitor Rewards: Rewards are distributed daily. They are automatically compounded back into your stake.

You may unstake or extract part of your stake as needed. Just remember that there is a cool-down period. If you wish to withdraw your stake, undelegated tokens will be available after a 7-day unstaking period.

Ready to stake?

If you are ready, head on over to the docs to learn more, or jump right in and get started at Stake.NodeOps.Network.