HYPE Staking Now Available on Ndax

Ndax is excited to announce that staking for Hyperliquid’s HYPE token is now available on Ndax!

With this latest addition, Canadians have even more ways to participate in innovative blockchain networks and earn staking rewards through a simple, secure, and accessible platform built for Canada.

Hyperliquid has quickly become one of the most used decentralized exchanges, known for combining high-performance trading infrastructure with a purpose-built Layer 1 blockchain. Its native token, HYPE, plays a central role in helping secure the network, supporting governance, and powering participation across the Hyperliquid ecosystem.

At Ndax, we remain committed to expanding access to staking opportunities across a growing range of digital assets. Please review our disclaimer at the bottom of the page for important information regarding the risks associated with staking.

Let’s take a closer look at Hyperliquid and what HYPE brings to the Ndax staking lineup.

Hyperliquid is a decentralized trading platform and Layer 1 blockchain designed to deliver a fast, transparent, and efficient on-chain trading experience.

The network is best known for its decentralized perpetual futures exchange, where users can trade crypto markets directly on-chain without relying on traditional centralized intermediaries. Built with performance in mind, Hyperliquid aims to combine the speed and user experience of centralized exchanges with the transparency and self-custody benefits of decentralized finance.

Hyperliquid’s infrastructure is powered by its own Layer 1 blockchain, which supports the protocol’s trading engine, validator network, and ecosystem activity. According to Hyperliquid’s staking interface, the Hyperliquid L1 is a proof-of-stake blockchain where users can delegate HYPE to validators and earn rewards when validators successfully participate in consensus.  

The result is an ecosystem focused on speed, liquidity, and decentralized market access.

HYPE is the native token of the Hyperliquid network and plays a key role across the ecosystem.

The token is used to support network security through staking, participate in governance, and align users with the long-term growth of Hyperliquid. Hyper Foundation describes HYPE as the network’s native token that allows users to own, govern, and secure Hyperliquid.  

As Hyperliquid continues to grow, HYPE remains central to the network’s economic and governance model. Key functions of HYPE include:

• Staking: HYPE can be staked to help secure the Hyperliquid Layer 1 network and support validator participation.
• Governance: HYPE holders may participate in decision-making related to the protocol and broader ecosystem.
• Ecosystem Alignment: HYPE helps connect users, validators, and contributors within the Hyperliquid network.

By staking HYPE on Ndax, users can participate in the network’s staking mechanism through Ndax’s custodial staking service. 

Staking HYPE allows users to participate in the Hyperliquid network while earning crypto rewards.

By staking your HYPE, you help support the network’s proof-of-stake infrastructure and contribute to the overall security and stability of the Hyperliquid ecosystem. In return, eligible users can earn staking rewards based on network conditions and validator performance.

On Ndax, staking is designed to be simple. There is no need to manage validators directly, interact with external wallets, or navigate complex on-chain steps. You can stake HYPE directly through your Ndax account and participate in the network through Ndax’s custodial staking service.

Earn crypto rewards of up to 1.5% APY by staking your HYPE on Ndax. 

1. Earn Rewards in Just a Few Clicks 
   Staking on Ndax offers a straightforward way to grow your crypto holdings. With just a few clicks, you can participate in supported networks and earn rewards, no complex setup required.
2. Support the Ecosystem 
   By staking your assets, you play a vital role in enhancing the security and stability of various blockchains.
3. Experience Seamless Security 
   Transparency is key on Ndax. With our robust security measures, your assets are always protected. 

Below is a quick summary of key staking details for HYPE on Ndax. 

Bonding refers to the time required before staking rewards may begin. Unbonding refers to the waiting period before assets become withdrawable after unstaking. Reward rates are not guaranteed and may change. 

With HYPE now supported for staking, Ndax continues to expand access to staking services across a growing range of blockchain networks.

Hyperliquid represents one of the most active and innovative ecosystems in decentralized trading, and HYPE plays a central role in helping power, secure, and govern the network. Through Ndax, Canadians can now participate in HYPE staking through a simple and secure platform built for their needs.

Log in to your Ndax account to explore HYPE staking!

Disclaimer: Staking cryptocurrencies involves risks, including price volatility, potential loss of principal, lock-up periods limiting access to funds, slashing due to validator penalties, and platform or smart contract vulnerabilities. Rewards are not guaranteed and may fluctuate. Only stake what you can afford to lose. Always do your own research.