💧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: Hyperliquid staking rewards are derived from the predicted APR of a representative active validator, adjusted to remove commission and performance effects to arrive at the gross network staking rate.

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

Formula key	Metric name	Description
predictedAprsample	Predicted APR	The predicted annual percentage rate of a representative active validator as reported by the Hyperliquid protocol.
csample	Commission	The commission rate of the sample validator, used to reverse out the validator-specific fee and derive the gross network rate.
psample	Performance	The uptime fraction of the sample validator, used to reverse out performance effects and derive the ideal network rate.

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

• The sample validator must have a positive reward rate, positive performance, and a commission below 100%.

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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	10,000 HYPE
Lockup Period	30 days

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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.

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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⚙️ Access historic Hyperliquid Staking Data via API

Last updated on 03/04/2026