HYPED FAQ

Q: How does Hyperdrive make money from HYPED?

A: Hyperdrive does not intend to monetize the HYPED LST. It was created as a public good for the Hyperliquid community to access $HYPE liquid staking in the safest and most cost-efficient way possible. Q: How is Hyperdrive the safest?

A: HYPED operates 100% on-chain by using Precompiles and CoreWriter to read and execute transactions. All processes are done on-chain. Certain LSTs are custodial or use off-chain processes to update contract balances, which are risk vectors. Q: Why is there a redemption cost? A: Redemption costs are in place to fund on-chain gas costs and prevent DDOS attacks. Q: What is the redemption cost? A: 0.01% or 1 HYPE for the entire batch of withdrawals, whichever is lower. Q: How long are withdrawals? A: Withdrawals are batched every 36 hours and have a 7 day unstaking time.