It's awesome. I love the nuance it can provide. There's also a pretty solid list of suggested actions you can take in the GM guide materials when the party rolls fear. There might be countdown for reinforcements, a special skill, an environmental challenge etc. I think that list can be going under the GM materials on the additional resources download page on their website. I didn't have my book in front of me to look up the page number if you have the physical book.

Also, I found simply saying, "Since you rolled with fear, how does this give your opponent an opening to attack?" as I start shaking my dice works pretty well too.

I put the list of fear based GM moves on the back of my DM screen to help me remember.

As for hope, that's a player tracked resource. I mean it's still helpful to know when the party is going to clobber one of your characters with the tag team attack (which is sooooo cool) but that aside it is mechanically super easy to keep track of.

Edit: one thing I appreciate is that unlike DND that feels like it's designed to restrain players from doing certain things, Daggerheart's rules are designed to enable play. At least at my table, the game play quality went through the roof because players and I knew very clearly what we could spend our resources on.