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Aug 19, 02:00 PM
Valantis Labs Acquires Hyperliquid Staking Outfit StakedHYPE
DeFi
Blockchains
Crypto

Valantis Labs Acquires Hyperliquid Staking Outfit StakedHYPE

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  • Portal
  • The Block
  • Fundraising Digest
6

Valantis Labs has acquired StakedHYPE, a liquid-staking protocol on the Hyperliquid network that issues the stHYPE token, according to statements posted on 19 August. Financial terms were not disclosed. StakedHYPE lets holders of Hyperliquid’s native HYPE token stake without locking up their assets, receiving stHYPE in return. The wrapped token accrues staking rewards while remaining available for use across decentralised finance applications, including borrowing, lending and trading. Valantis Labs, which supplies a modular framework for building decentralised exchanges, said the purchase will help it deepen integration with Hyperliquid and broaden the yield-generation options available to developers and users on the network.

Written with ChatGPT .

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