Hyperliquid LST (liquid staking) protocols · SwanBluechip
Stake HYPE without locking it — get an LST you can use as collateral, deposit in vaults, or trade against.
4
projects tracked
7/10
top score (Kinetiq)
3
Strong+ tier
All Staking projects, ranked
#1
Kinetiq
Liquid staking for HYPE: stake HYPE, receive kHYPE. The largest liquid staking protocol on Hyperliquid by DefiLlama TVL at the time of review.
7/10 · Strong
#2
Looped HYPE
Liquid staking for HYPE that loops the position for a higher staking yield (LHYPE). An early adopter program was announced; check the official site for its current phase.
7/10 · Strong
#3
Valantis (stHYPE)
Valantis liquid staking product for HYPE. stHYPE is integrated with Valantis liquidity and trading infrastructure.
7/10 · Strong
#4
Treehouse
Decentralized fixed-income protocol extended to Hyperliquid via tHYPE, a liquid staking token built on Kinetiq kHYPE with a rate-arbitrage layer. TREE token already launched (Jul 2025), so the big airdrop is past — remaining angle is GoNuts points seasons and tHYPE yield.
5/10 · Watching
Questions
What is the best HYPE LST?
Three Strong-rated LSTs share the top tier (all 7/10): Kinetiq, Looped HYPE, and Valantis (stHYPE). Choice depends on integration depth — Kinetiq has the largest TVL footprint at the moment.
What is the difference between staking HYPE directly and using an LST?
Direct staking locks HYPE and yields validator rewards. An LST issues a liquid token (e.g. stHYPE) that represents the staked position — you keep liquidity for DeFi while still earning staking yield.
Which HYPE LST has the highest yield?
Yields move with validator rewards and protocol incentives. The /ecosystem/yields/ page tracks live LST APY from DefiLlama.