2.6.2 - Hype Engine Vault (HEV)

The Hype Engine Vault (HEV) is the default “set-and-forget” path for nest exchange users who lock NEST and hold veNEST.

It does three things in one place:

• Distributes HYPE rewards: Trading fees earned by veNEST flow through the HYPE Engine, where a portion of fee value is converted into HYPE for aligned holders.

• Auto-votes for you (optimally): Your veNEST voting power is automatically allocated to maximise incentive outcomes, so you don’t need to manage votes manually.

• Compounding your position: Rewards are used to buy back NEST and compound into you veNEST position within the vault.

• Keeps participation simple: You stay aligned and receive rewards without constant governance micromanagement.

HEV is the main way users receive HYPE from the system, the only other route is minting directly via the HYPE Engine.

If you want to vote manually or do certain position actions, you may need to exit HEV first (Dashboard → Manage position), then re-enter afterward.

---

HEV lock window (important if you want to withdraw)

If you deposit your veNEST into HEV, it is locked from Wednesday 23:00 UTC (epoch end) until Monday 00:00 UTC to stop users manipulating the system.

So if you want to switch back to manual voting, plan around that window.