Hypha Staked AVAX

Built on the Avalanche blockchain, Hypha Staked AVAX (STAVAX) is a liquid staking solution that enables users to maximize their yield and strengthen the security of the network. By providing a programmable yield engine, STAVAX acts as a bridge between the P-Chain and C-Chain, bringing P-Chain yield onto the C-Chain where it can be plugged into the broader DeFi ecosystem.

STAVAX's technology is centered around its staking engine, which continuously allocates stake to the highest-performing staking routes, combining Minipools, MEV, native validators, and delegation to deliver the best APY available. This is achieved through a 4-step process: depositing AVAX to mint STAVAX on the C-Chain, routing underlying AVAX to the P-Chain, staking delegated across a diversified set of node operators, and reflecting rewards back to STAVAX holders on the C-Chain. What sets STAVAX apart from competitors is its ability to provide users with a simple way to earn validator rewards without running nodes or managing lockups.

STAVAX has several use cases and utilities, primarily centered around maximizing returns for users while strengthening Avalanche's security. By holding STAVAX, users can directly strengthen the network's security and stability, as well as benefit from deeper liquidity and a stronger monetary premium for AVAX. Additionally, STAVAX acts as a programmable yield engine that any L1 can tap into, giving new chains a sustainable path to bootstrap communities while staying economically aligned with Avalanche.

Hypha, the company behind STAVAX, has a strong focus on security and compliance, with its code audited 4 times by industry-leading firms. The validator network is decentralized, with multiple professional providers ensuring flawless uptime. Furthermore, Hypha offers a bug bounty program to incentivize security testing and ensure that issues are fixed before they matter.

With over $21 million in total value locked (TVL) and 2,734 validators launched, STAVAX has already demonstrated significant traction in the market. As the liquid staking solution for Avalanche, STAVAX is well-positioned to continue growing its user base and expanding its reach within the DeFi ecosystem.