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Staking Goes Live on Hyperliquid to Boost Network Security
As of Monday, December 30, 2024, the staking feature has officially gone live on Hyperliquid’s mainnet. This milestone marks a significant step in the platform’s commitment to creating a safe and trustless blockchain environment.
In order for users to secure the network and earn rewards in HYPE, they are now able to unlock their tokens and assign them to nominated validators who propose new blocks on the network in proportion to the number of staked HYPE tokens. This mechanism ensures that validators are chosen based on the amount of HYPE tokens staked in their name, thus guaranteeing the security and decentralization of the network.
For users willing to stake their tokens, a crucial aspect is choosing the right validator. The decision should be made after considering key factors such as uptime, commission rates, reputation, and the validator’s contribution within the community. By selecting validators with an impressive track record, users can not only contribute to increased security but also potentially earn higher staking returns.
In addition to this feature, Hyperliquid has launched a Delegation Program aimed at encouraging high-performing validators while promoting decentralization and network growth. Although more information about the program will be announced in the coming days, it is clear that the platform is dedicated to fostering a community-driven approach to security.
With staking now live on mainnet, Hyperliquid is poised to further strengthen its blockchain environment by enabling users to actively secure their network.
Source: cryptotale.org
