Staked HYPE wallet

What is Staked HYPE (STHYPE)?

stHYPE is the liquid form of staked HYPE, held on HyperEVM while the stake behind it sits with validators securing the Hyperliquid chain. Its defining trait for a holder is that it rebases: the number of stHYPE in your address goes up by itself as staking accrues, and one stHYPE tracks one HYPE rather than drifting to a higher redemption rate. Nothing is claimed, nothing is signed, the balance simply reads higher than it did.

That behaviour has a consequence people run into. A rebasing balance does not sit well inside contracts that assume a fixed token amount, which is why a wrapped version exists for that purpose. If you plan to use the position as collateral somewhere, you are usually handling the wrapped share instead, and holding stHYPE directly is the plain version of the position.

A second thing specific to this network: Hyperliquid has two sides, the order-book core and the EVM chain, and stHYPE is an EVM-side token. HYPE itself pays gas on HyperEVM, so a little unstaked HYPE has to remain in the wallet for any transaction to go through. Supported networks in Tangem (1): HyperEVM.

There is nothing periodic for a stHYPE holder to do, and Tangem suits that rhythm: the app queries the chain and shows whatever the balance currently is, with the card only ever needed when you actually decide to move or unwrap. Between those moments the card can stay put and the position keeps growing without you.