Governance and HYPE
Understand the HYPE token ecosystem, governance processes, and how you can participate in the Hyperliquid L1 evolution.
The HYPE Token
HYPE is the heartbeat of the Hyperliquid ecosystem. Beyond being a tradable asset, it serves several critical functions within the network architecture.
- Gas Fees: Used to pay for transaction fees on the Hyperliquid L1.
- Governance: Grants holders the right to propose and vote on protocol changes.
- Staking: Secures the network through a Proof-of-Stake (PoS) mechanism.
Governance Process
Hyperliquid is a community-driven protocol. Changes to the L1, including fee structures and new feature integrations, go through a formal voting process.
Proposal Workflow
Staking & Rewards
By staking your HYPE, you contribute to the security of the Hyperliquid L1. In exchange, stakers receive a portion of the network fees and potential ecosystem rewards.
Passive Participation
Keep Learning
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