LST Peg Monitor
Market price vs on-chain redemption rate for HYPE liquid staking tokens
wstHYPE
Nest wstHYPE/WHYPEMarket (DEX)
1.03220
Redemption rate
1.03234
Discount / premium
-1.3 bps
Widest discount
-2.2 bps
kHYPE
Nest kHYPE/WHYPEMarket (DEX)
1.02255
Redemption rate
1.02339
Discount / premium
-8.2 bps
Widest discount
-12.0 bps
Market ratio is the LST's price in HYPE on its deepest DEX pool, sampled every 30 minutes. Redemption rate is read from the token's own contract and only grows with staking yield, so it is the zero line here. Deviation is shown in basis points (1 bp = 0.01%); a negative number means the LST trades below what it redeems for. Thin pools can wick hard, which matters if you borrow against LST collateral. History before this page existed is reconstructed from hourly pool candles and this app's own daily on-chain rate snapshots — measured data, never interpolated.