What is Valantis?

Valantis is a modular liquidity protocol on HyperEVM built around stHYPE, the first liquid staking token on Hyperliquid. The protocol builds custom liquidity pools tailored to specific asset types, starting with a STEX pool designed for stHYPE's redemption dynamics and yield mechanics.

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The Challenge

Valantis had built stHYPE, the first LST on Hyperliquid, but the product was only half the problem. The other half was distribution: for stHYPE to grow, it needed to be everywhere, as collateral in lending markets, as liquidity in AMMs, as yield in Pendle. Each integration gave stHYPE more utility, and more utility meant more adoption. The challenge was incentivizing users to actually deploy it across all of them.

Making that work at ecosystem scale meant solving several problems at once:

• A DeFi ecosystem that kept growing: New protocols were launching on HyperEVM regularly, and stHYPE needed to be tracked across all of them. Without a system that could absorb new integrations without reworking the scoring or distribution logic each time, adoption would lag behind the ecosystem.
  
  
• Rewarding users with positions inside vaults: A large share of stHYPE activity flowed through vaults and CDPs, where the contract held the tokens. Without a way to resolve this, depositors would go unrewarded.
  
  
• Rewarding pre-program loyalty: Valantis wanted to reward users who had been active in the stHYPE ecosystem before the program launched, recognizing their early commitment.

The Solution

Rather than building incentive infrastructure in-house, Valantis chose Fuul as the infrastructure layer behind its incentive program, allowing the team to stay white-labeled under the Valantis dapp. This allowed the team to integrate~15 protocols across the Hyperliquid ecosystem under a single program from day one, and keep adding more as HyperEVM grew

With Fuul, Valantis:

• Integrated ~15 HyperEVM protocols under a single scoring system: Tracked stHYPE positions across lending markets, AMMs, yield protocols, and vaults, with the ability to onboard new protocols as they launched, expanding stHYPE adoption without reworking the existing program.
  
  
• Resolved vault attribution: Ensure that users who deposited stHYPE into lending, vault, or CDP protocols received their points directly.
  
  
• Distributed Genesis Points progressively: Managed 65M pre-assigned points for Genesis badge holders, vesting at 15% per week, requiring users to be currently active in the program to receive their share.

Results

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Valantis launched the program on December 2, 2025. Within weeks, the impact was visible across every metric:

• TVL increased by ~163% in ~8 weeks
  
  
• Referred volume reached ~$25M (~15% of total activity) in ~17 weeks
  
  
• Daily fees increased by ~1,453% in ~15 weeks.
  
  
• DEX volume increased by ~376% in ~15 weeks.
  
  
• stHYPE market cap increased by ~143% in ~8 weeks
  
  
• Staked HYPE increased by ~67% in ~7 weeks

Conclusion

Valantis set out to make stHYPE the most adopted LST on Hyperliquid, and the numbers confirm the approach worked. By maintaining composability across DeFi, every protocol that integrated stHYPE became a new distribution channel, and every distribution channel became a source of measurable growth in TVL, volume, and staking.

The program did not require Valantis to build or maintain custom incentive infrastructure. The entire system, from protocol integrations to Genesis Points vesting to vault attribution, ran through Fuul, configured by the team and ready to expand as the ecosystem grew.

Today, Fuul powers the incentive infrastructure behind the Valantis points program, and every new protocol on HyperEVM is another integration away from pushing stHYPE adoption further.

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