Hyperliquid staking rewards are distributed once a day, Once HYPE is delegated, it starts earning block rewards, which are paid daily and compounded into the delegated position. To reflect this growth, the protocol needs to regularly update its record of total assets.
beHYPE uses CoreWriter for stake delegation, delegating once every 6 hours to maximise staking rewards.
Users are able to stake to the validator of their choice when staking. Particularly relevant for users eager to participate in governance via LSTs.
To do this users select one validator from the beHYPE active set to delegate their HYPE to using the UI. This adds a bytestring containing the name of their chosen validator in their mint transaction.
Users choice is captured on-chain and stake is verifiably routed to their desired community validator using CoreWriter.
If a user does not want to choose their validator, their stake is delegated equally amongst all validators in the beHYPE active set.