Hyperliquid has launched a new staking program for its native token, HYPE, to enhance network decentralization. Users can now stake HYPE on the network and earn rewards. The staking process involves connecting with a trusted validator. This initiative comes amidst rapid growth for Hyperliquid, a decentralized perpetuals exchange.
The Hyper Foundation, associated with Hyperliquid, announced this new feature, aiming to engage more users and improve the ecosystem's security and robustness. With such strategic moves, Hyperliquid hopes to maintain its competitive advantage in the decentralized finance (DeFi) space.
