Pendle: stHYPE YTs gain access to Hyperliquid Staking Tier Discounts - 27 Aug 2026

Pendle says stHYPE YTs now provide access to Hyperliquid Staking Tier Discounts through Valantis Prime, with traders able to buy the YTs in the Pendle market.The launch gives Pendle a live venue for trading a tokenized form of Hyperliquid fee discounts. It extends the platform's existing yield-trading infrastructure into tokenized utility, where the underlying benefit is represented through YTs that can be bought and traded in a Pendle market.That structure can support a new source of trading activity and liquidity around the product. The announcement does not establish a direct change to PENDLE's token economics, so the event should be read as a market and product expansion rather than a stated token-level update.Introducing Tokenized Hyperliquid Fee Discounts.Hyperliquid Fee Tiers are now a tradeable instrument, powered by stHYPE and Pendle.Traders can now buy Staking Discounts from stHYPE Holders in the Pendle Market; accessing lower Fees on Hyperliquid for a fraction of the HYPE.