Performances
RD Popularity Index
RD Growth Index
Revenue & Burn
Protocol income
$8.86KBuyback funds
--Burn funds
--Buyback ratio
--Protocol funds over time
Monthly amounts & ratios
| Period | Protocol income | Buyback funds | Burn funds | Buyback ratio |
|---|---|---|---|---|
| Nov 2026 | $8.86K | -- | -- | -- |
| Oct 2026 | $34.82K | -- | -- | -- |
| Sep 2026 | $41.75K | -- | -- | -- |
| Aug 2026 | $37.63K | -- | -- | -- |
| Jul 2026 | $38.96K | -- | -- | -- |
| Jun 2026 | $42K | -- | -- | -- |
Comparison
Follow Updates
Follow Lists
People
About Valantis Protocol
Valantis is a liquid staking and trading protocol built on Hyperliquid, centred on its own stHYPE token. Staking on Hyperliquid determines eligibility to deploy HIP-3 perpetual markets and the fee discounts traders receive, so large HYPE balances are locked by institutions but lack a transferable claim; Valantis issues stHYPE against that stake and uses the Sovereign Pool modular AMM framework to build pools designed specifically for liquid staking tokens, stacking swap, lending and staking yield on one liquidity base.
The product line follows the same asset: stHYPE handles staking and fee tiers, the stHYPE AMM carries spot swaps while absorbing redemption discounts, the Prime terminal passes fee discounts to traders, and Prime DCA keeps stablecoin balances earning during accumulation. Unlike general-purpose DEXs, pools are customised per asset class rather than served by one curve. The protocol holds about USD 237 million in value locked and has processed USD 849 million in cumulative volume.
Valantis Protocol is a modular framework for building DEXs. It completed $7.5 million in two funding rounds: a $3.5 million pre-seed led by Cyber Fund and Kraken Ventures (April 2023, $20M valuation), and a $4 million seed led by SevenX Ventures (September 2024, $40M valuation), with participation from Semantic Ventures, Figment Capital, Robot Ventures, Anthony Sassano, and Sandeep Nailwal. The protocol focuses on customizable liquidity pools and an LST-specific ecosystem around stHYPE on Hyperliquid, aiming to unlock asset-specific DeFi through composable modules.
Its core architecture includes Sovereign and Universal pools, swap fee modules, oracle modules, and governance mechanisms, with a whitelist for module factories. The project emphasizes security via invariant and fuzz testing, and its first production solution is a STEX pool for stHYPE, integrating staking discounts and order flow dynamics.
On 27 August 2026 Valantis and Pendle opened a public market for Hyperliquid trading fee discounts, splitting the discount embedded in stHYPE into standalone yield tokens so any trader can buy lower fees without buying HYPE, and any staker can sell the entitlement for extra yield. The market matures on 28 January 2027, with a follow-on market to open before expiry.
Mechanically, Valantis Prime contracts extend native staking discounts to stHYPE holders while Pendle separates the discount from principal. Valantis estimates the top 20,000 Hyperliquid traders save about 40 million dollars a year in fees, and that roughly half of them stake nothing while paying about 70 percent of fees; wider access could unlock another 100 million to 300 million dollars annually. stHYPE remains usable as margin on Hyperlend and Morpho.
Valantis Protocol's Future strategy and roadmap: Valantis will extend its Hyperliquid fee-discount market with Pendle beyond the first tranche, expiring January 28 2027, into the next period and broaden the tenors and liquidity of the discount rights. The team plans to increase stHYPE use in lending markets like Hyperlend and Morpho and in HIP-3 deployments, further unbundling native staking discounts to more stakers. Longer term, it will split more token utility into priced, tradable assets so traders get fee discounts without holding the underlying token and stakers can monetize idle discount rights.
Valantis was assembled by three co-founders, Greg Vardy, Deven Matthews and Eduardo Carvalho, spinning out of the Ethereum client team Nethermind around 2022. All three came from market making, clearing and contract infrastructure.
The team is mostly protocol engineers and researchers.
Valantis applies a dynamic swap fee on its STEX AMM that starts as low as 1 basis point and rises with congestion in the LST redemption queue, capped at 50% of the input amount per swap, with the swap fee module adjustable by the pool manager at most once every 3 days.