FAQ

What is Ocean Reserve?

A liquid restaking protocol for HYPE on Elysium. You deposit HYPE, receive OCEAN one for one, and receive one weekly HYPE distribution. The pool's HYPE is delegated to Hyperliquid validators chosen by oCEAN governance.

What is OCEAN?

The receipt for your deposit: an ERC-20 token on Elysium, minted one for one when you deposit HYPE and burned one for one when you withdraw. Holding it earns a share of each weekly distribution. It is liquid, so you can transfer or trade it.

What is oCEAN?

The voting power of OCEAN. It is not a separate token. Each OCEAN carries one vote once you activate it by delegating, to yourself or to someone else.

Where does the weekly distribution come from?

It is staking yield plus protocol revenue, paid in HYPE. Ocean Reserve shows it as one figure. Each week's amount is funded to the Distributor on-chain and streams to holders over the following seven days.

Is the distribution rate guaranteed?

No. The rate on the site is the current week's distribution annualised against OCEAN supply. It changes every week, can fall, and can be zero. It is a description of the present week, not a forecast.

Does OCEAN's balance grow over time?

No. OCEAN does not rebase. Your balance changes only when you deposit, withdraw or transfer. The distribution is paid separately, in HYPE, and you claim it.

When can I claim my distribution?

At any time. Your share accrues every second you hold OCEAN and waits in the Distributor until you claim. It does not expire.

How do I withdraw, and how long does it take?

Request a withdrawal on the Stake page. The Vault burns your OCEAN at once and opens a request for the same amount of HYPE. If the Vault buffer covers it, you can claim immediately. Otherwise your request waits, in order, while HYPE returns from Hyperliquid: up to one day of delegation lockup, Hyperliquid's seven-day unstaking queue, then the bridge transfer to Elysium. You can also sell OCEAN on a market for an immediate exit at the market price.

Do I earn the distribution while my withdrawal is queued?

No. Your OCEAN is burned when you request, so it stops accruing from that moment. Anything you accrued before the request stays claimable.

Who holds my HYPE?

HYPE in the Vault is held by the Vault contract on Elysium. HYPE delegated on Hyperliquid is held in the Ocean Reserve delegation account, which the Operator, a 4-of-7 multisig, controls. The security model sets out exactly what the Operator can and cannot do.

Which validators hold the pool's stake?

Whichever validators oCEAN governance approves. The current set, its target weights, and the amounts delegated, as recorded in the Vault and as reported by Hyperliquid itself, are on the Pool page.

Does Ocean Reserve secure Elysium?

Ocean Reserve delegates HYPE to Hyperliquid validators, and Elysium settles to HyperEVM, which runs on Hyperliquid's consensus. That is the connection. Ocean Reserve deposits are not committed to Elysium's data availability committee, sequencer or validation, and do not change Elysium's own trust model, which Elysium documents here.

Can my HYPE be slashed?

The pool's stake follows Hyperliquid's staking rules. Hyperliquid currently has no automatic slashing and reserves slashing for provably malicious behaviour such as double-signing. Jailed validators earn no rewards while jailed. Ocean Reserve adds no slashing conditions of its own.

Can the contracts be upgraded?

No. OCEAN, the Vault, the Distributor and the Governor deploy without proxies. Parameters change only through governance, after a 48-hour timelock.

Can anyone pause my withdrawal?

No role can pause withdrawal requests or claims. The Guardian can pause new deposits only. Withdrawals can still be slowed by the things described in the risk disclosure, such as an Elysium outage or a stalled Operator.

Are there fees?

Ocean Reserve charges no deposit, withdrawal or claim fee, and the Distributor keeps nothing. You pay Elysium gas in HYPE. Validators charge their own commission on Hyperliquid rewards.

What happens if I put OCEAN in a liquidity pool?

The distribution accrues to whoever holds the OCEAN, which in that case is the pool contract. Whether you receive it depends on that contract.

Is OCEAN always worth exactly one HYPE?

It redeems for one HYPE through the Vault while the pool is fully backed; the backing ratio is on the Pool page. On a market, OCEAN trades at whatever price buyers and sellers agree, which can be above or below one HYPE.

Have the contracts been audited?

Audit reports are linked on the security model page as they are published. Until a report is linked there, treat the contracts as unaudited.

Where do I start?

Read How Ocean Reserve works, then the risks, then follow the staking guide.