Crypto exchange Kraken on Wednesday launched HYPE staking and Auto Earn, giving clients three ways to earn on Hyperliquid holdings across most of its global footprint.
The product wraps onchain HYPE staking into Kraken’s managed Earn stack. Kraken said it handles validator operations, reward distribution and all underlying infrastructure, removing the need for clients to run validators or manage technical setup themselves.
Bonded Staking offers up to 2.2% APY, while Auto Earn and Flexible Staking each offer up to 1.1% APY, Kraken said. Rewards are automatically restaked. The 2.2% bonded rate sits close to Hyperliquid’s onchain reference of roughly 2.37% at 400 million HYPE staked, according to Hyperliquid’s documentation.
Kraken is segmenting HYPE holders by liquidity preference: higher yield through bonded lockup, or lower yield while keeping tokens accessible.
“With Auto Earn and Flexible Staking, rewards accrue while HYPE stays liquid. And for clients who want to maximize their rewards, Bonded Staking offers returns comparable to staking HYPE onchain,” said John Zettler, Director of Product, Kraken Earn & Trade.
The service is live in the US, excluding New York and Maine, plus the UK, EU, Australia and additional markets.
Kraken said expanding stakeable assets is part of a broader push to grow asset-based revenue that is less sensitive to volatile trading volumes.
