Valantis Acquires stHYPE in Major Crypto Move
On August 19, Valantis made waves in teh crypto sector by acquiring stHYPE, Hyperliquid’s second-largest staking protocol.
This strategic move integrates stHYPE with Valantis’ decentralized exchange (DEX). The goal? To deepen liquidity and offer more modular yield features to users.
The acquisition gives Valantis full control over stHYPE, including its development, operations, and future plans. Thay’re starting with a core phase. Here,stHYPE will migrate to CoreWriter—a system enhancing security and transparency.
Community incentives will also grow through integrator rewards. This ensures wide adoption of stHYPE across Hyperliquid’s protocols.
In the next phase, stHYPE will evolve into a versatile liquid staking token. It can now support several staking addresses and enable new interactions between DeFi and staking apps.
This upgrade aims to link staking with trading, lending, and HyperCore’s derivatives markets. Liquidity providers can participation in multiple activities from a single HYPE deposit.
The Hyperliquid staking landscape is highly competitive. kHYPE, with over a billion in total value locked, has overtaken stHYPE. However, Valantis aims to change that.They plan to transform their DEX into a liquidity hub, integrating trading and staking seamlessly.
such strategies also expand the role of STEX pools. These currently allow efficient swaps and lending market integrations, bypassing staking withdrawal queues.
Hyperliquid’s liquid staking market is rapidly evolving. Protocols compete not just on staking yields but also on liquidity depth and service variety. With this merger, Valantis looks set to carve out a larger presence in this dynamic basket.
