Is Hyperbeat LST Safe?
Risk Grade: B- (33/100)
Hyperbeat LST is rated as moderate risk — some novel mechanisms, generally well-understood.
Moderate risk — well-audited LST with strong backers, but the novel CoreWriter bridge and short track record warrant caution.
Hyperbeat LST (beHYPE) is a liquid staking token for HYPE on Hyperliquid, built in partnership with Ether.fi. It lets users earn staking rewards while keeping their tokens liquid for use in DeFi. With $14M TVL and three independent audits, the protocol is early-stage but backed by $5.2M in seed funding from Electric Capital and Coinbase Ventures.
TVL
$16M
Mechanisms
6
Interactions
5
Value Grade
D+
Key Risks for Hyperbeat LST Users
The CoreWriter bridge connecting HyperCore and HyperEVM is a novel component with limited battle-testing; a bridge vulnerability could affect all deposited funds
The protocol launched in 2025 and initially used a multisig-secured vault before transitioning to smart contracts, meaning the fully automated system has limited production history
beHYPE delegates equally to all validators, so a single poorly-performing validator's slashing penalty affects all holders proportionally
Top Risk Factors
- •CoreWriter bridge layer introduces novel complexity between HyperCore and HyperEVM, with limited battle-testing in adversarial conditions
- •Protocol is less than one year old with a multisig-secured vault phase preceding the full smart contract deployment
- •Validator set delegation is pooled equally across all active validators, meaning poor-performing or malicious validators receive the same stake allocation
Risk Score Breakdown
Hyperbeat LST's highest risk area is Vitality Risk (7/10). Here's how each dimension contributes to the overall 33/100 score:
Read the Full Hyperbeat LST Risk Report
This protocol has 2 collapse scenarios. 2 high-severity interaction risks identified. See the full mechanism classification, interaction matrix, and deep-dive recommendations.
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