Back the river that secures the afterlife.
Deposit HYPE and receive OCEAN, one for one. Ocean Reserve delegates your HYPE to Hyperliquid validators chosen by oCEAN governance, and pays one weekly HYPE distribution: staking yield plus protocol revenue.
Three movements, all on-chain, all in HYPE.
Deposit
Send HYPE to the Vault on Elysium. It mints OCEAN to you at exactly one OCEAN per HYPE. OCEAN is a standard ERC-20: hold it, move it, trade it.
Delegate
The Vault's HYPE is delegated to the validator set approved by oCEAN governance. Those validators run consensus for Hyperliquid, the network Elysium settles to.
Distribute
Each week the Distributor receives that week's HYPE and streams it to OCEAN holders over seven days, in proportion to what they hold. Claim whenever you like.
One OCEAN. One HYPE.
OCEAN is minted only when HYPE is deposited and burned only when HYPE is withdrawn. There is no pre-mine, no team allocation and no emission schedule. Supply is the deposit ledger.
Read the tokenomics- MintOne OCEAN per HYPE deposited. Only the Vault can mint.
- BurnOne OCEAN per HYPE withdrawn, burned the moment you request.
- DistributionWeekly, in HYPE, streamed over seven days. One figure: staking yield plus protocol revenue.
- ExitRequest a withdrawal and claim HYPE when the queue reaches you, or sell OCEAN at market.
- ContractsNot upgradeable. Parameters change only through governance and its timelock.
Custody, stated plainly.
HYPE waiting in the Vault is held by the Vault contract on Elysium. HYPE delegated on Hyperliquid sits in the Ocean Reserve delegation account, controlled by the Operator, a 4-of-7 multisig.
The Operator can move delegated HYPE. You rely on it to keep that HYPE with the approved validators and to return it for withdrawals. The delegation account is public, and Hyperliquid reports its delegations directly, so anyone can check.
oCEAN votes the validator set.
oCEAN is the voting power of OCEAN. Activate it once, then vote on which Hyperliquid validators receive the pool's stake, at what weights, and on the Vault's parameters.
- Voting period5 days, after a 1-day delay
- Quorum4% of OCEAN supply
- Timelock48 hours before any change takes effect
Before the seas, there was the river. Oceanus ran around the rim of the world, and every water flowed from it. At its far shore lay the Elysian Fields.
After Homer, Odyssey, Book IV