beHYPE
beHYPE is the CoreWriter and HIP-3 Liquid Staking Token custom built for Hyperliquid, in collaboration with Etherfi. When you stake HYPE, the smart contract leverages CoreWriter to permissionlessly stake your HYPE and automatically mint you the beHYPE token in return — allowing you to keep earning staking rewards while using your tokens in DeFi.
beHYPE will launch as a cross-chain asset, with Etherfi supporting its rollout to Ethereum mainnet and driving toward integrations like Aave mainnet instance to unlock lending and borrowing utility.
What is the Hyperbeat beHYPE pre-deposit vault?
This Hyperbeat beHYPE pre-deposit vault allows users to deposit HYPE early in preparation for the launch of beHYPE, Hyperbeat’s liquid staking token. Depositors will earn their share of 10M Hearts for depositing.
How long is the pre-deposit and is there a cap?
beHYPE launches at the end of August, the pre-deposit cap is 3.5M HYPE and will increase over time.
What do I get for depositing into the Hyperbeat beHYPE pre-deposit vault?
You get a pro-rata share of 10M Hearts as a base allocation with further bonus hearts with each cap increase distributed over the bootstrapping period. This equates to > 20% of the total Hearts supply, making it the biggest incentive campaign on offer from Hyperbeat.
What happens to deposited HYPE?
Deposited assets are staked on HyperCore until beHYPE launches.
Can I withdraw from the Hyperbeat beHYPE pre-deposit vault?
Yes, you can withdraw from the Hyperbeat beHYPE pre-deposit vault. Withdrawals are subject to a processing period and may take up to 9 days to complete, due to the unstaking time on HyperCore.
Who is the infrastructure provider?
Is the Hyperbeat beHYPE pre-deposit vault audited?
Yes, twice by Hacken (1, 2) and also by Sherlock.
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