💧Hyperliquid SRB

Learn how Hyperliquid staking rewards are calculated. HYPESRB formula covers predicted APR, validator performance, commission, and the HYPE staking rate.

HYPESRB is a benchmark representing the mean, annualized staking rate across all active Hyperliquid validators.

HYPESRB is calculated and published by Staking Rewards via the Hyperliquid Profile and Data API.

TL;DR: HYPESRB is the Hyperliquid protocol's own network staking rate. The protocol reports each active validator's predicted APR as that single network rate reduced by the validator's commission and uptime, so removing both from any active validator with a positive predicted APR returns the network rate exactly.

$$HYPESRB = \frac{predictedApr_{sample}}{(1 - c_{sample}) \cdot p_{sample}}$$

Formula key	Metric name	Description
predictedAprsample	Predicted APR	The predicted annual percentage rate the Hyperliquid protocol reports for an active validator. The protocol computes it as the network rate × (1 − commission) × uptime fraction, using the same network rate for every active validator.
csample	Commission	The commission rate of that validator, used to reverse out the validator-specific fee.
psample	Performance	The uptime fraction of that validator, used to reverse out the performance effect.

• HYPESRB is non-compounded, excluding returns from reinvestment of rewards.

• The network rate is set by the protocol and falls with the inverse square root of total staked HYPE. Because every active validator's predicted APR is derived from that one rate, grossing up any qualifying validator returns the network rate exactly, not an estimate of it. On 09/14/2026 the result agreed to within 1e-9 across all active validators, in the day, week and month observation windows alike. Which validator is used does not affect HYPESRB.

• The validator used must have a positive predicted APR, positive performance, and a commission below 100%. Validators outside the active set report a predicted APR of 0 and are never used.

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Slashing

1. Hyperliquid validators can be jailed for misbehavior. Jailed validators are excluded from the active set. HYPESRB does not factor in the possibility of jailing or slashing occurrences.

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HYPE Validator Staking Reward Rate: HYPESRB(v)

Staking Rewards calculates the HYPESRB for each validator based on their individual performance and commission rate.

$$HYPESRB(v) = HYPESRB \cdot (1 - c) \cdot p$$

Formula key	Metric name	Description
c	Commission	The fee imposed by a specific validator to its delegators.
p	Performance	The uptime fraction of the validator, representing its reliability in participating in consensus.

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Observation Period:

1. The HYPESRB is determined based on the latest validator summary data at the evaluation point.

2. This data is then annualized for a comprehensive year-long projection.

Calculation

The calculation happens every 2 hours and is immediately published via Data API.

Limitations

1. HYPESRB employs a 365-day convention for annualizing staking rates. This convention remains consistent and does not accommodate adjustments for leap years.

2. Validators with 100% commission are considered private and excluded from public reward rate calculations.

3. The benchmark relies on the protocol's predicted APR as reported by the Hyperliquid validator summaries endpoint.

HYPE Real Reward Rate: HYPESRB^R

The real reward rate calculates the HYPESRB adjusted for inflation in the network.

$$HYPESRB^R=1 +HYPESRB/(1+ir) -1$$

Formula key	Metric name	Description
ir	Inflation Rate	The annual rate at which supply increases.

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Solo Staking Requirements

Parameter	Value
Minimum Stake	The stake of the smallest validator in the active set (the top 27 validators by stake), read live on every calculation: 3,417,294 HYPE on 09/14/2026. The 10,000 HYPE self-delegation requirement is necessary to become an active validator but not sufficient to enter the active set, and a validator outside the active set earns no rewards.
Lockup Time	1 day — each delegation is locked for 1 day before it can be undelegated.
Unstaking Time	7 days — transfers from the staking balance to the spot balance go through a 7-day unstaking queue.

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Other Hyperliquid metrics calculated by Staking Rewards:

Metric	Description
Delegated Tokens	The number of HYPE tokens delegated to validators.
Active Validators	The number of validators actively participating in consensus.
Inactive Validators	The number of validators not currently active in the validator set.
Total Validators	The total number of registered validators on the network.
Benchmark Commission	The median commission rate across active validators.
Validator Minimum	The stake of the smallest validator in the active set: the minimum stake currently needed to hold an active-set slot and earn rewards. Also published as the solo staking minimum.

Data Sources:

• Hyperliquid Validator Summaries API

• CoinGecko for price and supply data

References:

• Hyperliquid Documentation

• Hyperliquid Staking App

• Staking Rewards HYPE profile

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Last updated on 09/14/2026