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

  • 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.

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

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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.

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