Gemini launches staking for Hyperliquid's HYPE token, offering 2% APY
by@tyler
Summary
Gemini has now launched hyperliquid staking for the HYPE token, allowing users in most U.S. states to earn approximately 2.1% APY on their holdings. This new feature is part of Gemini's expansion of services, highlighting its commitment to integrating innovative digital asset options for its users.
Tokens
$HYPE
Analysis
Gemini: Gemini is a U.S.-based cryptocurrency exchange and custodian that provides trading, staking, and custody services for digital assets. It has integrated support for Hyperliquid's native token to allow users to stake HYPE directly on the platform. This development expands Gemini's staking offerings in most U.S. states. Hyperliquid: Hyperliquid operates a decentralized perpetual futures exchange and associated blockchain ecosystem. Its native token HYPE can now be staked through the Gemini exchange, marking an expansion of accessibility for the project's token holders. The integration enables users to put HYPE to work via Gemini's services. Exchange Integration: Gemini has added support for staking Hyperliquid's HYPE token as a new feature for its users. Staking Availability: Hyperliquid staking for the HYPE token is now live on the Gemini exchange in most U.S. states.
Categories
hyperliquiddeficryptoperps