Valantis DEX Acquires stHYPE: A Boost for Hyperliquid Staking

Valantis has officially acquired stHYPE, the second-largest staking protocol on Hyperliquid’s HyperEVM, creating a significant impact in the liquid staking space. This acquisition aims to enhance yield opportunities, deepen liquidity, and strengthen the overall roadmap for Hyperliquid.

Key Takeaways

Valantis has acquired stHYPE, enhancing its position in the liquid staking market.
The acquisition aims to expand yield opportunities and improve liquidity within Hyperliquid.
stHYPE will transition to a modular liquid staking token supporting multiple staking addresses.
This move positions Valantis to compete more effectively in a growing and competitive environment.

Valantis has made a major move in the liquid staking sector by acquiring stHYPE, which is recognized as the second-largest staking protocol on Hyperliquid’s HyperEVM. This acquisition was announced on August 19 and marks a significant step for Valantis as it integrates stHYPE into its ecosystem. The goal is to create new yield opportunities, enhance liquidity, and establish a more comprehensive development plan for the Hyperliquid decentralized finance environment.

Hyperliquid

With this acquisition, Valantis gains full control over the development, operations, and communications of stHYPE. The initial phase of this integration will involve migrating stHYPE to CoreWriter, a system that enhances security and transparency by allowing for better monitoring of off-chain infrastructure.

Community incentives will significantly increase through integrator rewards, ensuring that stHYPE remains widely used across various protocols within Hyperliquid. The next phase will involve transforming stHYPE into a modular liquid staking token that can accommodate multiple staking addresses and facilitate new permissionless interactions between DeFi and staking applications.

This modular framework is designed to link staking with trading, lending, and HyperCore’s derivatives markets, offering liquidity providers additional options to engage using just a single HYPE deposit.

As stHYPE enters this new phase, it faces intensified competition within Hyperliquid. The kHYPE token, which holds over a billion dollars in total value locked, has now become the leading liquid staking token. By acquiring stHYPE, Valantis aims to narrow the gap and develop its decentralized exchange (DEX) into a centralized hub for liquidity, seamlessly integrating trading and staking functionalities.

The liquid staking market on Hyperliquid is evolving, with protocols competing not just on staking yields but also on liquidity depth, DeFi integration, and the variety of services offered. Valantis views the merger with stHYPE as an opportunity to strengthen its foothold in a market that continues to draw new participants and drive innovation.

Valantis DEX acquires stHYPE as Hyperliquid staking heats up