How Ocean Reserve works

The short version

• You deposit HYPE into the Ocean Reserve Vault on Elysium and receive OCEAN, one for one.
• The Vault's HYPE is delegated to Hyperliquid validators chosen by oCEAN governance.
• Every week, OCEAN holders receive one HYPE distribution: staking yield plus protocol revenue, streamed over seven days and claimable at any time.
• You leave by burning OCEAN for HYPE through the withdrawal queue, or by selling OCEAN.

What restaking means here

Staking HYPE on Hyperliquid puts it to work securing the network, but it also ties it up. Delegated HYPE earns rewards and cannot be spent, moved or used as collateral, and moving it back out of staking takes Hyperliquid's seven-day unstaking queue.

Ocean Reserve separates those two jobs. Your HYPE is staked once, with Hyperliquid validators. OCEAN, the claim on that HYPE, stays liquid on Elysium: you can hold it, transfer it, trade it or use it in other Elysium applications while the HYPE behind it stays delegated. The same capital does two things at once. That is what Ocean Reserve means by restaking: staked HYPE, put back to work as OCEAN.

What Ocean Reserve restaking is not

The word "restaking" covers several different designs across the industry, so it is worth being exact about this one.

• No new slashing conditions. Your HYPE is subject to Hyperliquid's own staking rules and nothing else.
• No external validation services. Ocean Reserve does not opt your stake into any additional service that could penalise it.
• No commitment to Elysium's infrastructure. Ocean Reserve deposits are not committed to Elysium's data availability committee, its sequencer or its validation, and they do not change Elysium's trust assumptions. Elysium's own security model is described in Elysium's documentation.

How the stake connects to Elysium

Elysium is an Arbitrum Orbit chain that settles to HyperEVM (Elysium docs). HyperEVM and HyperCore run on Hyperliquid's consensus, which Hyperliquid's validators operate. Ocean Reserve delegates to those validators. OCEAN stake therefore adds weight to the validator set that runs the network Elysium settles to.

That is the whole of the connection, and it is the one the contracts can show: the Vault records which validators hold the pool's stake, and Hyperliquid's public data confirms it.

The contracts

Contract	What it does
OCEAN	ERC-20 receipt token. Carries oCEAN voting power. Only the Vault can mint or burn it.
Vault	Accepts HYPE deposits and mints OCEAN 1:1. Burns OCEAN on withdrawal requests and runs the first-in, first-out withdrawal queue. Records the validator set, target weights and the HYPE delegated to each validator.
Distributor	Receives each week's HYPE and streams it to OCEAN holders over seven days, in proportion to balance. Holders claim at any time.
Governor + Timelock	oCEAN proposals and votes. Every approved change waits 48 hours in the Timelock before it takes effect.

None of these contracts is upgradeable. Addresses are listed on the Pool page.

The life of a deposit

1. Deposit. You send HYPE to the Vault. In the same transaction, the Vault mints the same amount of OCEAN to your address.
2. Buffer. HYPE sits in the Vault's buffer. The buffer keeps about 5% of assets on hand so that withdrawals can often be filled without waiting.
3. Transit. HYPE above the buffer target leaves the Vault through Elysium's canonical bridge to the Ocean Reserve delegation account on Hyperliquid. While it moves, the Vault counts it as in transit.
4. Delegation. The Operator delegates that HYPE across the governance-approved validator set at the approved weights, and records the delegated amounts in the Vault.
5. Rewards. The validators earn staking rewards on Hyperliquid for the pool.
6. Distribution. Each week the Operator funds the Distributor with the week's HYPE. It streams to OCEAN holders over the following seven days.
7. Claim. Your share accrues every second you hold OCEAN. You claim it in HYPE whenever you choose.

The weekly distribution

Ocean Reserve pays one distribution, in HYPE, every week. It is shown as a single figure and labelled for what it is: staking yield plus protocol revenue.

• The amount is set by what is funded to the Distributor each week. It varies, and it is not fixed or promised.
• The site shows the week's amount and the same figure annualised against OCEAN supply: week's distribution × 365 ÷ 7 ÷ OCEAN supply.
• The Distributor takes no fee. Every HYPE funded to it streams to OCEAN holders.
• Streaming over seven days, rather than paying out at a single moment, means buying OCEAN just before a funding and selling just after earns only the seconds actually held.

Leaving

There are two exits, and you can use either at any time.

• Withdraw. Request a withdrawal for any amount of OCEAN. The Vault burns it immediately and opens a request for the same amount of HYPE. If the buffer covers your request, you can claim at once. Otherwise the request waits while HYPE returns from Hyperliquid. See Withdrawing.
• Sell. OCEAN is a standard ERC-20 on Elysium. Selling it on a market is immediate, at whatever price the market offers.

Read the security model next. It explains exactly who holds what.