Staking
Leverage your HPL by staking to earn rebates on your borrowing costs.
Staking Mechanism: HPL to sHPL
Users stake their HPL tokens and receive sHPL (staked HPL) on the HyperEVM. This system is designed for maximum liquidity, meaning there is no rigid lock-up period and users are free to unstake or swap their sHPL back to HPL at any time. Beyond simple possession, holding sHPL provides immediate utility by automatically qualifying the user for the Rebate Program.
The Rebate Program
How it works:
Accrual: A percentage of your borrow costs is calculated as a rebate every day.
Accumulation: These rebates stack over time.
Claiming: The "Claim" button becomes visible once your accumulated rebate reaches at least $0.10.
Distribution: Rebates are claimable once a week.
Rebate Formula
The rebate percentage is determined by a combination of your borrowing activity and your staking volume.
Parameters
Value
Description
α
0.6
Controls borrow weight, concave
β
0.4
Controls staking weight, concave and additive to borrow
γ
0.6
Controlos diminishing returns on staking and borrow power
Bmax
100M
Maximum borrow value
Smax
7.2M
Maximum staking power (0.72% FDV staked)
Max Rebate
80%
Max discount (%)
Staking Tiers
While the rebate formula is continuous (meaning every single HPL staked increases your return), ourm UI categorizes users into six tiers to provide a clear sense of progression.
Tier
Required Staked HPL
Unranked
0
Tier One
75,000
Tier Two
300,000
Tier Three
750,000
Tier Four
1,500,000
Tier Five
3,000,000
Tier Six
7,200,000
You can use our Tier Saving Projection tool to see and play with different scenarios to visualize how your staking and borrowing levels impact your total savings.
Last updated