2.6.1 - Overview
Imagine an exchange that actually listens to what users prefer.
Instead of paying out rewards that encourage dumping, it takes something real and sustainable - trading fees and turns that value into a long-term “HYPE-first” flywheel.
This is where nest Exchange plugs in.
When trades happen on Nest, fees are produced, and go to the people committing long-term to the protocol (veNEST):
veNEST receives 100% of trading fees
The HYPE Engine holds roughly 27% of the veNEST supply which uses its revenue to buy HYPE and is routed into the HYPE Engine.
Distribute it each week to new veNEST lockers in the HEV through the HYPE Spring Campaign.
So the exchange activity doesn’t just create temporary yield, it creates a repeatable mechanism that converts real usage into persistent HYPE exposure.
How Hype Engine supports the Hyperliquid ecosystem
HyperEVM liquidity and attention ultimately flows from Hyperliquid users and builders. The Hype Engine approach is designed to meet that ecosystem where it already is: HYPE is the gravitational center, so incentive design should accumulate into it, not compete against it.
HYPE held inside the Engine isn’t idle. It can be deployed to support protocols across HyperEVM while also act as a treasury to back the value of veNEST or as incentive to have new NEST locked like how it is being used now through the HYPE Spring.
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