Staking HYPE tokens with Luganodes

Introduction

Hyperliquid has introduced a staking UI for HYPE token staking, currently available on testnet and expected to follow a similar format on mainnet. This guide will help you stake your HYPE tokens with Luganodes, a trusted validator. The platform also allows you to view validator stats such as uptime, commission rate, and predicted APR. Get started with staking your HYPE tokens and contribute to the network while earning rewards.

Staking Steps for HYPE on Hyperliquid

Step 1: Access the Staking Dashboard

• Open the Hyperliquid Staking Dashboard.

Step 2: Connect Your Wallet

• Click on Connect Wallet.

• Select your wallet provider. For HYPE (an ERC20 token), we recommend using Metamask.

• Approve the connection request in your wallet.

Step 3: Transfer Tokens to Staking Balance

• Click on Spot <-> Staking Balance Transfer.

• Enter the amount of HYPE you wish to transfer to your staking balance.

• Confirm the transaction in your wallet.

• Once the transaction is verified, your selected balance will be moved to the staking section.

Step 4: Stake Your HYPE Tokens

• Click on Stake Tokens.

• Enter the amount of HYPE you want to stake.

• Select the validator of your choice, such as Luganodes.

• Click on Stake to initiate the staking process.

• Confirm the transaction in your wallet.

Step 5: Verify Staked Balance

• After the transaction is successful, you can view your staked HYPE balance on the dashboard.

Unstaking Tokens

• To unstake, click on Unstake Tokens and follow the prompts.

• Note: The staking lock-up period is a minimum of 7 days before you can withdraw your tokens.

Conclusion

You have successfully staked your HYPE tokens with Luganodes using the Hyperliquid platform. You’re now actively participating in the network while earning staking rewards.

About Luganodes

Luganodes is a world-class, Swiss-operated, non-custodial blockchain infrastructure provider that has rapidly gained recognition in the industry for offering institutional-grade services. It was born out of the Lugano Plan B Program, an initiative driven by Tether and the City of Lugano. Luganodes maintains an exceptional 99.9% uptime with round-the-clock monitoring by SRE experts. With support for 45+ PoS networks, it ranks among the top validators on Polygon, Polkadot, Sui, and Tron. Luganodes prioritizes security and compliance, holding the distinction of being one of the first staking providers to adhere to all SOC 2 Type II, GDPR, and ISO 27001 standards as well as offering Chainproof insurance to institutional clients.