Hyperliquid Enters Full Permissionlessness, Launches Validator Staking Program

The Hyperliquid Mainnet Validator Set is set to transition to full permissionlessness following the next network upgrade, according to an announcement by the Hyperliquid Foundation. This move aligns with the testnet's approach, where the top N validators, ranked by staking amount, will form an active set. Initially, N will be set at 20 and gradually increase over time.

In conjunction with this transition, Hyperliquid has launched a Validator Delegation Program. This program aims to enhance network security and decentralization while supporting validators. The official recommendation is for validators to familiarize themselves with the relevant technical details before running a mainnet node. A self-delegation stake of 10,000 HYPE will be protocol-locked for one year, even if the validator does not enter the active set.

This shift towards full permissionlessness and the launch of the Validator Staking Program are significant steps in the evolution of the Hyperliquid network. By increasing the number of validators and encouraging decentralization, the network aims to improve its resilience and security. This move also aligns with the broader trend in the blockchain industry towards greater decentralization and community involvement.

The Hyperliquid Foundation's decision to transition to full permissionlessness is a strategic move that could potentially attract more validators to the network. This, in turn, could lead to increased network participation and a more robust ecosystem. However, the success of this transition will depend on various factors, including the technical capabilities of the validators and the overall health of the Hyperliquid network.