$HYPE Token Rights
Updated May 06, 2026Overview
- Token(s)
- HYPE
- Token Type
- GovernanceUtilityNetwork
- Utility
- Staking, Protocol Access, Gas
HYPE is the native token of Hyperliquid, utilized for governance voting, staking to secure the network and incentivizing trading activity
Governance Rights
ControlHolders can vote on HIPs (includes upgrades, treasury decisions, other network parameters) by delegating stake to validators.
Governance Decisions
Governance requires validator votes, holders participate by staking/delegating HYPE to validators
Treasury Decisions
HIPs can include treasury decisions.
Revenue Decisions
HIPs determine economic parameters including protocol fees.
Fee Switch
ON99% of perps & spot orderbook fees go to Assistance Fund for buying HYPE tokens, excluding builders fees.
Resources
Foundation Multisigs / Addresses
Primary Value Accrual
BuybacksValue accrues through buybacks and token burns
Equity Statement
Foundation oversees proposals, validator votes, ecosystem growth and proposes HIPs. Hyperliquid has no private investors, no market maker deals, and no protocol fees to any company, ensuring a credibly neutral system with fair distribution to users and value accrual to the community.
Economic Rights
Value CaptureMost protocol fees go to the assistance fund which buys back & burns HYPE tokens
Buybacks
Assistance Fund converts fees to HYPE
Dividends
N/ANo dividend or revenue distribution is currently active
Burns
ActiveHYPE in the Assistance Fund is formally recognized as burned
Ownership
- Fundraising
- None
- Equity Revenue Capture
- No
- Associated Entities
- Foundation
- Domain
- Hyperliquid Corp.