Tokenomics

OCEAN

OCEAN is the receipt for HYPE deposited into Ocean Reserve.

Property	Value
Standard	ERC-20, with EIP-2612 permit and ERC-20 Votes
Decimals	18
Network	Elysium
Minted by	The Vault only, 1 OCEAN per HYPE deposited
Burned by	The Vault only, 1 OCEAN per HYPE requested for withdrawal
Supply	HYPE deposited minus HYPE withdrawn
Pre-mine	None
Team or investor allocation	None
Emissions	None

There is no other way to create OCEAN. The supply on any day is exactly the sum of all deposits minus all withdrawal requests, and anyone can recompute it from the Vault's events.

OCEAN does not rebase. Your balance changes only when you deposit, request a withdrawal, or transfer. Distributions are paid separately, in HYPE.

Backing

The HYPE behind OCEAN is held in one of three places:

1. The Vault buffer on Elysium.
2. In transit between the Vault and the delegation account.
3. Delegated to validators on Hyperliquid.

The Vault reports the total of these, net of HYPE already owed to withdrawal requests, as totalAssets(). The Pool page shows it beside OCEAN supply as the backing ratio. A ratio of 1.0000 means every OCEAN is matched by one HYPE.

The weekly distribution

OCEAN holders receive one distribution each week, in HYPE.

• One figure. It is shown as a single amount and labelled as staking yield plus protocol revenue.
• Funded weekly. Each week, starting Monday 00:00 UTC, the Operator funds the Distributor with that week's HYPE. Each funding is an on-chain transaction that emits an EpochFunded event.
• Streamed over seven days. The week's HYPE accrues to holders second by second across the following seven days.
• Pro-rata. Your share at any moment is your OCEAN balance divided by total OCEAN supply.
• Claim at any time. Accrued HYPE waits in the Distributor until you claim it. It does not expire.
• Variable. The amount depends on what is funded each week. It is not fixed and not promised, and a week's distribution can be lower than the last.

The distribution rate on the site is the current week's distribution annualised against OCEAN supply: week's distribution × 365 ÷ 7 ÷ OCEAN supply. It describes the current week. It is not a forecast.

oCEAN

oCEAN is not a separate token and has no separate supply. It is the voting power of OCEAN, provided by the ERC-20 Votes standard. Each OCEAN carries one vote once activated by delegating, to yourself or to someone else. See the governance guide.

Fees

Action	Ocean Reserve fee
Deposit	None
Withdrawal request	None
Withdrawal claim	None
Distribution claim	None
Distributor	None: every HYPE funded streams to holders

You pay Elysium gas, in HYPE, for every transaction. Hyperliquid validators charge their own commission on staking rewards before those rewards reach the delegation account; commission rates are public on Hyperliquid and shown in the validator table on the Governance page.