As of June 9, 2026

Kraken, one of the world's leading cryptocurrency exchanges, has officially launched HYPE staking and earning services, allowing users to generate passive rewards on their Hyperliquid (HYPE) holdings. The new offering simplifies participation in the Hyperliquid ecosystem by removing the technical barriers typically associated with validator management and on-chain staking.

HYPE Staking Overview

Bonded Staking: Offers up to 2.2% APY, providing the highest potential rewards with a 7-day unbonding period.
Auto Earn: Delivers up to 1.1% APY while maintaining full liquidity and no unbonding requirements.
Flexible Staking: Also offers up to 1.1% APY, with Kraken staking a portion of assets while distributing rewards on eligible holdings.
Automatic Compounding: Rewards are automatically re-staked to support long-term portfolio growth.
Global Availability: Accessible in multiple jurisdictions including the US (excluding New York and Maine), UK, EU, and Australia, subject to regional restrictions.

By handling all validator operations and reward distribution behind the scenes, Kraken enables users to participate in HYPE staking through a simplified, exchange-native experience.

Why This Launch Matters

Improved Accessibility: Users can earn staking rewards without managing wallets, validators, or technical infrastructure.
Multiple Reward Options: Investors can choose between higher yields or greater liquidity depending on their risk preferences.
Passive Income Opportunity: HYPE holders can potentially generate additional returns while maintaining exposure to the asset.
Institutional-Grade Infrastructure: Kraken manages staking operations, reducing operational complexity for users.
Growing Hyperliquid Ecosystem: The addition of staking services may contribute to broader participation and token utility.

The launch reflects growing demand for simplified staking products as exchanges continue expanding yield-generating opportunities for digital asset holders.

Risks & Key Considerations

No Guaranteed Returns: Staking rewards can fluctuate based on network conditions and protocol parameters.
Market Risk: The value of HYPE may rise or fall regardless of earned staking rewards.
Slashing & Security Risks: Although managed by Kraken, staking participation may carry risks associated with validator performance and network security.
Liquidity Constraints: Bonded staking includes a 7-day unbonding period before funds become accessible.
Regional Restrictions: Availability varies depending on local regulations and user jurisdiction.

Investors should carefully evaluate both staking rewards and the underlying risks before committing assets, particularly during periods of heightened cryptocurrency market volatility.

Frequently Asked Questions (FAQ)

What is the maximum APY available for HYPE staking on Kraken?

Bonded Staking currently offers the highest potential return, with rewards of up to 2.2% APY.

Can users access their HYPE tokens at any time?

Auto Earn and Flexible Staking provide greater liquidity, while Bonded Staking requires a 7-day unbonding period when unstaking.

Does Kraken handle the staking infrastructure?

Yes. Kraken manages validator operations, reward distribution, and automatic reward compounding on behalf of users.