# Hyperliquid

Hyperliquid is a performant blockchain built with the vision of a fully onchain open financial system. Liquidity, user applications, and trading activity synergize on a unified platform that will ultimately house all of finance.

Hyperliquid is a layer one blockchain (L1) written and optimized from first principles.

Hyperliquid uses a custom consensus algorithm called HyperBFT inspired by Hotstuff and its successors. Both the algorithm and networking stack are optimized from the ground up to support the unique demands of the L1.

You can find the link to the block explorer below:

{% embed url="<https://app.hyperliquid.xyz/explorer>" %}

* [Staking Guide](#staking-guide)
* [Validator Address](#validator-address)
* [Staking Mechanics](#staking-mechanics)

### Staking Guide

{% embed url="<https://youtu.be/LZhz74ajekI?si=9xt36_EccgwY3bT->" %}

### Validator Address

{% tabs %}
{% tab title="Mainnet" %}

<table><thead><tr><th width="193.61328125">Type</th><th>Address</th></tr></thead><tbody><tr><td>Validator address</td><td>0x48f1da3e3ec2814fbb3dcf57125001089b067402</td></tr><tr><td></td><td></td></tr></tbody></table>
{% endtab %}
{% endtabs %}

### Staking Mechanics

<table><thead><tr><th width="215">Metrics</th><th>Details</th><th data-hidden>Details</th><th data-hidden></th></tr></thead><tbody><tr><td>Reward Frequency</td><td>Accrued every minute and distributed to stakers every day.</td><td></td><td></td></tr><tr><td>Auto-compounding</td><td>Yes</td><td></td><td></td></tr><tr><td>Penalty</td><td>No</td><td></td><td></td></tr><tr><td>Slashing</td><td>No automatic slashing but validators can vote to jail peers</td><td></td><td></td></tr><tr><td>Stake Lockup</td><td>1 day</td><td></td><td></td></tr><tr><td>Unbonding Period</td><td>7 days</td><td></td><td></td></tr></tbody></table>


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