Hyperliquid is a decentralized exchange (DEX) specializing in high-speed perpetual futures trading, built on its own custom-built Layer 1 blockchain. Anchorage Digital supports staking on Hyperliquid — the process of delegating your native HYPE tokens to a validator on the Hyperliquid L1 blockchain to support network security and earn rewards.
Key features
- Deposit your HYPE to either a HyperEVM or HyperCore wallet
- Bridge your HYPE back and forth between HyperEVM and HyperCore
- Move your HYPE back and forth between your HyperCore spot and stake accounts
- Stake and unstake your HYPE to any HYPE validator including the Anchorage validator
Important considerations
Operations & fees: Operations can take up to 10 minutes to confirm on HyperCore. This limitation is due to the Hyperliquid public API.
Bridging: Before you bridge, you must have corresponding HYPE_HYPEREVM and HYPE_HYPERCORE wallets. For example, if you have 10 HYPE on a HYPE_HYPEREVM wallet that you want to bridge, you first need to make sure you have a HYPE_HYPERCORE wallet with the exact same address as the HyperEVM wallet.Bridging from HyperEVM to HyperCore incurs transaction fees in HYPE tokens on HyperEVM. Bridging from HyperCore back to HyperEVM does not incur fees.
Staking: You can only stake to one validator per wallet. If you need to stake to multiple validators, please separate your HYPE tokens across wallets such that you stake to one validator per wallet.
Rewards: Staking rewards automatically compound to the validator you are staking to. You do not need to claim rewards or re-stake them. All staking rewards are inflationary and Hyperliquid does not have MEV rewards.
HyperCore Transfers: Anchorage has limited support for transfers between HyperCore accounts. You can only transfer from one Anchorage HyperCore address to another if the destination address already holds a small amount of HYPE. If the destination address has a zero balance, the transfer will fail.If you need to transfer HYPE between two internal HyperCore addresses, use one of the following methods:
- Bridge the assets back to HyperEVM, transfer them to the destination HyperEVM wallet, and then bridge them back to HyperCore.
- Deposit a small amount of HYPE + 1 USDC into the destination HyperCore address from an external wallet first. Anchorage does not support activating these new HyperCore wallets.
How to deposit HYPE
HyperEVM
If your HYPE is in HyperEVM, create a deposit address for the HYPE_HYPEREVM asset name.
Anchorage automatically creates the corresponding HyperCore address after you create a HyperEVM address.
HyperCore
If your HYPE is in HyperCore, create a deposit address for the HYPE_HYPERCORE asset name.
When you create a HyperCore wallet address, the first time you send HYPE to this newly created wallet, you will need to send 1 USDC to activate the HyperCore wallet. This is a one-time activation that must be completed by the sending wallet. Anchorage does not support sending this 1 USDC to HyperCore wallets at this time.
Wallet addresses for privacy
HyperEVM and HyperCore wallets share addresses with other EVM blockchains at Anchorage. If you have created other EVM addresses for other networks and want a fresh new address for your HYPE deposits, you will need to create HyperEVM and HyperCore wallets that exceed the number of EVM wallet addresses you currently have.Example: You have 25 EVM addresses already created for Arbitrum in your Anchorage vault. You want a fresh new HyperCore and HyperEVM wallet address for your HYPE tokens. You will need to create 26 new HyperCore and HyperEVM wallets in Anchorage. The first 25 wallets will share the same address as the Arbitrum wallets. The 26th HyperEVM and HyperCore wallet will be a fresh new address.
How to bridge HYPE
HyperEVM to HyperCore
Deposit attribution is required when bridging assets between HyperEVM and HyperCore. If you bridge from HyperEVM to HyperCore, your HYPE_HYPERCORE tokens will be held in deposit attribution for you to attribute where the funds came from. After you complete deposit attribution, you will be able to initiate bridging.
Navigate to your HyperEVM wallet
Navigate to your HyperEVM wallet.
Initiate bridge
Click on the Bridge to HyperCore button.To bridge on iOS, you will need to tap on Hide card before you will be able to view the Bridge to HyperCore button.
Enter amount
Enter the amount to bridge.
Acknowledge terms
Click on the checkbox to acknowledge Terms.
Preview and approve
Click on Accept and preview operation. Quorum approve the operation from the iOS app.
HyperCore to HyperEVM
Navigate to your HyperCore wallet
Navigate to your HyperCore wallet.
Initiate bridge
Click on the Stake button and then Bridge.
Enter amount
Enter the amount to bridge.
Acknowledge terms
Click on the checkbox to acknowledge Terms.
Preview and approve
Click on Accept and preview operation. Quorum approve the operation from the iOS app.
How to move HYPE from spot to stake accounts
HyperCore Spot to HyperCore Stake Account
Navigate to your HyperCore wallet
Navigate to your HyperCore wallet.
Initiate move
Click on Stake and then Move to stake balance.
Enter amount
Enter the amount to move.
Acknowledge terms
Click on the checkbox to acknowledge Terms.
Preview and approve
Click on Accept and preview operation. Quorum approve the operation from the iOS app.
How to stake and unstake HYPE
Stake HYPE
You can only stake to one validator per wallet. If you need to stake to multiple validators, please separate your HYPE tokens across wallets such that you stake to one validator per wallet.After you stake HYPE, the Hyperliquid protocol enforces a 24-hour waiting period before you can unstake. You cannot immediately unstake HYPE.You must initiate and have your team quorum approve the staking operation within 48 hours due to limitations from the Hyperliquid protocol. If you quorum approve after 48 hours, the operation will fail on-chain and you will need to re-initiate the staking request.
Navigate to your HyperCore wallet
Navigate to your HyperCore wallet.
Initiate staking
Click on Stake and then Stake more.
Enter validator address
Enter a valid validator address.Anchorage operates an institution-grade Hyperliquid validator. The validator address is 0x420a4ed7b6bb361da586868adec2f2bb9ab75e66.
Enter amount
Enter the amount to stake.
Acknowledge terms
Click on the checkbox to acknowledge Terms.
Preview and approve
Click on Accept and preview operation. Quorum approve the operation from the iOS app.
Unstake HYPE
Unstaking is instant. The Hyperliquid protocol enforces a 7-day unbonding period when you move HYPE from your Stake to Spot accounts.
Navigate to your HyperCore wallet
Navigate to your HyperCore wallet.
View staking details
Click on Stake and then View details.
Initiate unstake
Click on the Unstake button, then click Yes, proceed.
Enter amount
Enter the amount to unstake.
Preview and approve
Click on Preview operation. Quorum approve the operation from the iOS app.
How to move unstaked HYPE from stake to spot account
HyperCore Stake to HyperCore Spot Account
Moving HYPE from Stake to Spot account undergoes a 7-day unbonding period before your HYPE assets are available to bridge.
Navigate to your HyperCore wallet
Navigate to your HyperCore wallet.
Initiate move
Click on Stake and then Move to available balance.
Enter amount
Enter the amount to move.
Acknowledge terms
Click on the checkbox to acknowledge Terms.
Preview and approve
Click on Accept and preview operation. Quorum approve the operation from the iOS app.
