2.5 - HYPE Spring

HYPE Spring is Nest’s paid-to-lock mechanism.

Users lock NEST into veNEST, deposit that veNEST into HEV, and can receive weekly HYPE bonuses.

The HYPE comes from the HYPE accumulated by the HYPE Engine NFT and is distributed to qualifying HEV depositors.

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Why it matters

HYPE Spring adds a new mechanism to the MetaDEX flywheel.

Traditional MetaDEX models reward LPs with emissions and reward voters with fees or incentives. HYPE Spring adds another layer: users can be paid in HYPE for locking NEST and staying aligned through HEV.

This creates a stronger loop:

Lock NEST → build veNEST → deposit into HEV → earn HYPE → compound alignment.

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How to qualify

To qualify, users need:

1. New NEST locked into veNEST during the epoch.

2. veNEST deposited into HEV before voting closes.

3. A qualifying position during the relevant voting window.

4. All NEST compounded in existing locks in the HEV will qualify.

Manual veNEST positions do not qualify.

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Important notes

• The current HYPE Spring payout APR is displayed on the Nest website.

• This APR is based on HYPE accumulated from the previous epoch and may change each epoch.

• There is no fixed HYPE amount or guaranteed APR.

• HYPE Spring bonuses are paid out on Fridays.

• HYPE Spring is the current live HYPE distribution event.