We’re excited to announce the launch of HYPE staking and earning, giving millions of customers a simple way to earn rewards on their Hyperliquid holdings. No validators to run, no technical setup, and no maintenance. Clients can start earning with a few clicks, on a platform built for security, scale, and reliability.

This service offers three ways to earn: Bonded Staking offers rewards up to 2.2% APY, while Auto Earn and Flexible Staking each offer up to 1.1% APY. Rewards are automatically restaked to help grow holdings over time.

We manage all underlying infrastructure, including validator operations and reward distribution. All backed by our track record of operating staking services across proof-of-stake networks at scale.

“Staking HYPE often means locking up tokens, and we didn’t think holders should have to choose between earning rewards and keeping their tokens accessible. With Auto Earn and Flexible Staking, rewards accrue while HYPE stays liquid. And for clients who want to maximize their rewards, Bonded Staking offers returns comparable to staking HYPE onchain, without any of the complexity,” said John Zettler, Director of Product, Kraken Earn & Trade.

HYPE Earn is available globally at launch, including the US (excluding New York and Maine), UK, EU, Australia, and additional markets.

Expanding the set of assets customers can stake, such as HYPE, is a key component of Kraken’s growth strategy. The increased functionality of product lines like Earn enables customer balances to support multiple economic uses over time, retaining assets on platform. This improves capital efficiency and drives a growing share of asset-based revenue that is less sensitive to volatile trading volumes.

Geographic restrictions apply. Projected annual rate is an estimate based on the average staking rewards accrued over the past period, before commission, and is subject to change. Staking involves risks including no guarantee of rewards, potential loss from slashing or hacks, and depreciation in the value of assets while staked. Please refer to Kraken’s Terms of Service for additional information. For Flexible staking, Kraken will only stake a portion of your assets. You will receive rewards on up to 50% of the assets you choose to stake.