You delegate HYPE to a validator and earn staking rewards. For traders, the more useful effect is that staked HYPE reduces your trading fees.
The fee discount
Hyperliquid tiers trading fees by rolling 14-day volume. Staked HYPE applies a further discount on top of that tier. For an active trader, the fee saving can exceed the staking reward.
Linking a staking wallet to a trading wallet
The wallet that stakes and the wallet that trades can be different addresses. Hyperliquid lets you link them so the staked HYPE counts toward the trading wallet’s fee tier.
The security note in the documentation matters: the staking wallet can unilaterally pull all funds from the linked trading wallet in one irreversible transaction. Only link wallets you control. Never link to a staking wallet someone else operates.
Staking rewards
Rewards accrue for delegating to validators that secure HyperBFT. The rate depends on total staked supply and changes. Don’t rely on a figure quoted in an article; check the current rate in the interface.
Unstaking
Delegation and undelegation have lock-up periods. Staked HYPE is not liquid the moment you want it.
What this means for automated trading
If a platform trades through your wallet, your fee tier applies to its trades. Staking is one of the few things a user can do to lower the cost of every strategy they run.