Hyperliquid’s staking is live, allowing users to secure the network and earn rewards in HYPE.
Validators are chosen based on staked HYPE, ensuring network decentralization and security.
The platform launches a Delegation Program to support top validators and enhance security.
Hyper Foundation has announced the launch of staking on the Hyperliquid mainnet, a major achievement for the platform. In an X post on Monday, Hyper Foundation emphasized that HYPE token holders play a key role in the network’s protection. With this launch, Hyperliquid looks forward to creating a more decentralized ecosystem with enhanced security.
Securing the Network
Staking allows users to unlock their tokens and assign them to nominated validators who take turns proposing new blocks on the network. Validators are chosen depending on the number of HYPE tokens staked in their name to guarantee the network’s security and decentralization. As a result, users willing to stake their tokens will receive rewards in HYPE, which increases interest in further developing the platform.
To start staking, users have to select a validator. Several aspects must be considered when choosing one. The key focuses are uptime, commission rates, reputation, and the validator’s work within the community. By selecting validators who have shown good performance, users may also contribute to increasing network security and gaining higher staking returns.
Delegation Program for Validators
Hyper Foundation has introduced the Delegation Program to encourage high-performing validators and decentralization. This program aims to encourage the best-performing validators in the network while guaranteeing its growth and security. The platform revealed that further information about the program will be announced in the coming days.
With the staking feature now live, Hyperliquid takes another step toward decentralization. Thus, the platform enables users to secure the network actively and, hence the community and ecosystem of the platform. This move also contributes to further strengthening the security and stability of Hyperliquid’s blockchain.
With time, Hyperliquid’s staking mechanism will grow and develop, as will the variety of services offered on the platform and the general interface. Hyperliquid is focused on creating a safe, trustless, and democratic blockchain environment with the help of its Delegation Program and other activities.
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