Liquid HYPE Yield Vault

Overview

Hyperbeat is launching beHYPE, a liquid staking token (LST) for HYPE, in collaboration with ether.fi. To bootstrap liquidity, Hyperbeat offering a limited pre-deposit opportunity for LPs and strategic partners.

Deposit wHYPE or HYPE into the vault before August 31 to earn Hyperbeat Hearts and HYPE staking rewards. Withdraws will be available during this pre-deposit phase. Depositors after the pre-deposit phase will earn their share of 10M Hearts for depositing.

Depositors will be able to withdraw as beHYPE, a liquid staking token, allowing you to keep earning staking rewards while still using your tokens in DeFi. Your HYPE stays staked and secures the network, while beHYPE gives you the flexibility to trade, lend, or use your assets in other Hyperliquid dApps.

Key Benefits

• Ability to deploy HYPE in a staking vault pre-launch

• Earn a large share of early incentives with 10 Million Hearts allocated to pre-depositors

• Flexibility to continue to earn additional DeFi rewards in the vault after the pre-deposit period, or withdraw as beHYPE to use your LST across DeFi

FAQs

What is the Hyperbeat beHYPE pre-deposit vault?

The Hyperbeat beHYPE pre-deposit vault allows users to deposit HYPE early in preparation for the launch of beHYPE, Hyperbeat’s liquid staking token. Depositors will earn their share of 10M Hearts for depositing.

How long is the pre-deposit and is there a cap?

beHYPE launches at the end of August, the pre-deposit cap is $100M.

What do I get for depositing into the Hyperbeat beHYPE pre-deposit vault?

You get a pro-rata share of 10M Hearts distributed over the bootstrapping period. This equates to ± 20% of the total Hearts supply, making it the biggest incentive campaign on offer from Hyperbeat.

What happens to deposited HYPE?

Deposited assets are staked on HyperCore until beHYPE launches.

Can I withdraw from the Hyperbeat beHYPE pre-deposit vault?

Yes, you can withdraw from the Hyperbeat beHYPE pre-deposit vault. Withdrawals are subject to a processing period and may take up to 9 days to complete, due to the unstaking time on HyperCore.

Who is the infrastructure manager?

The vault is built on the Midas infrastructure.

Check out the Liquid HYPE Yield Vault on ether.fi

Note regarding vault rewards: Only deposits made and held during the pre-deposit phase will be awarded Heart rewards. Depositors that withdraw before the Phase 2 launch period forfeit all vault rewards.

Audits & Contract Deployments

Audits

https://docs.midas.app/resources/audits

Contracts:

Token: '0x441794D6a8F9A3739F5D4E98a728937b33489D29'

Oracle: '0x1CeaB703956e24b18a0AF6b272E0bF3F499aCa0F'

DataFeed used in the vaults: '0x70519793f50c95f435972637E1190f41cfc907Bd'

DepositVault: '0xF538675D292d8b372712f44eaf306Cc66cF6d8DC'

RedemptionVault: '0x558806a80b42cAB4ED75c74bfB178EDc9087AA32'