💧Hyperliquid SRB

HYPE Staking Rewards Benchmark (HYPESRB™) Methodology

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 Profilearrow-up-right and Data APIarrow-up-right.

HYPESRB=predictedAprsample(1csample)psampleHYPESRB = \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%.


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.


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(1c)pHYPESRB(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.


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 APIarrow-up-right.

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.

HYPESRBR=1+HYPESRB/(1+ir)1HYPESRB^R=1 +HYPESRB/(1+ir) -1
Formula key
Metric name
Description

ir

Inflation Rate

The annual rate at which supply increases.


Solo Staking Requirements

Parameter
Value

Minimum Stake

10,000 HYPE

Lockup Period

30 days


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:


📊 Calculate your HYPE Staking Rewardsarrow-up-right

⚙️ Access historic Hyperliquid Staking Data via APIarrow-up-right

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