{"id":"kinetiq-staked-hype","title":"Kinetiq Staked HYPE","content":"**Kinetiq Staked HYPE (kHYPE)** is a [liquid staking](https://iq.wiki/wiki/liquid-staking) token issued by the [Kinetiq](https://iq.wiki/wiki/kinetiq) protocol that operates on the [Hyperliquid](https://iq.wiki/wiki/hyperliquid) [blockchain](https://iq.wiki/wiki/blockchain). The token represents a user's staked HYPE, the native asset of Hyperliquid, allowing holders to earn [staking](https://iq.wiki/wiki/staking) rewards while maintaining liquidity to participate in other [decentralized finance](https://iq.wiki/wiki/defi) (DeFi) activities.\n\n## Overview\n\n[Kinetiq](https://iq.wiki/wiki/kinetiq) is a [liquid staking](https://iq.wiki/wiki/liquid-staking) protocol built natively on [Hyperliquid](https://iq.wiki/wiki/hyperliquid)'s [Layer 1 ](https://iq.wiki/wiki/layer-1)[blockchain](https://iq.wiki/wiki/blockchain). Its primary product, kHYPE, is designed to simplify the [staking](https://iq.wiki/wiki/staking) process for HYPE token holders. Instead of locking up assets and managing [validator](https://iq.wiki/wiki/validator) delegations directly, users can stake their HYPE through Kinetiq and receive kHYPE in return. This token automatically accrues staking rewards, reflected in its increasing value relative to HYPE over time. The protocol aims to enhance the overall security and decentralization of the Hyperliquid network by distributing staked assets across a diverse set of high-performing validators. [\\[1\\]](#cite-id-Gk7Mf3Jazn)\n\nThe protocol utilizes an autonomous system called \"StakeHub\" to manage the delegation of [staked HYPE](https://iq.wiki/wiki/staked-hype). This system algorithmically scores and selects the best-performing validators on the [Hyperliquid](https://iq.wiki/wiki/hyperliquid) network, continuously monitoring and rebalancing the delegations to optimize yield and mitigate risk. By providing a liquid and composable asset, kHYPE serves as a core building block for the DeFi ecosystem on Hyperliquid, enabling its use as collateral in lending protocols, for providing liquidity in [automated market makers ](https://iq.wiki/wiki/automated-market-maker)(AMMs), and in other yield-generating strategies. [Kinetiq](https://iq.wiki/wiki/kinetiq) also offers a distinct [liquid staking](https://iq.wiki/wiki/liquid-staking) solution, iHYPE, tailored for institutional clients. [\\[1\\]](#cite-id-Gk7Mf3Jazn) [\\[2\\]](#cite-id-Q56Xjwc2rs)\n\n## History\n\nIn June 2025, [Kinetiq](https://iq.wiki/wiki/kinetiq), in partnership with Eyenovia, Inc., and institutional [staking](https://iq.wiki/wiki/staking) provider Pier Two, announced the launch of a co-branded [mainnet](https://iq.wiki/wiki/mainnet) [validator](https://iq.wiki/wiki/validator) named \"Kinetiq x Hyperion.\" This collaboration was intended to build secure infrastructure for institutional-grade [liquid staking](https://iq.wiki/wiki/liquid-staking) on [Hyperliquid](https://iq.wiki/wiki/hyperliquid). [\\[3\\]](#cite-id-y8dW2PSuja)\n\nThe protocol's [mainnet](https://iq.wiki/wiki/mainnet) launch was scheduled for July 15, 2025. In the week leading up to the launch, on-chain data revealed that over 1 million HYPE tokens, valued at approximately $40 million at the time, were queued for unstaking from existing validators. This large-scale capital movement was widely interpreted as anticipation from large holders, or \"whales,\" preparing to redeploy their assets into the Kinetiq protocol upon its debut. [\\[4\\]](#cite-id-MkmJthYwuI) [\\[2\\]](#cite-id-Q56Xjwc2rs)\n\nFollowing its launch, Kinetiq initiated a points program to incentivize early adoption. This campaign contributed to significant growth in the protocol's [Total Value Locked](https://iq.wiki/wiki/tvl) (TVL). Between mid-July and September 11, 2025, Kinetiq's TVL increased from approximately $458 million to over $2.1 billion. This growth was attributed to both new HYPE deposits from users seeking to qualify for a potential [airdrop](https://iq.wiki/wiki/airdrop) and a 20% appreciation in the price of the HYPE token during that period. The final distribution of the \"kPoints\" incentive program was scheduled for October 16, 2025. [\\[5\\]](#cite-id-6EdvnokDI4) [\\[6\\]](#cite-id-tA1Q6l5u6c)\n\nOn July 31, 2025, Kinetiq announced \"Launch,\" an Exchange-as-a-Service (EaaS) platform designed to allow teams to deploy their own perpetual futures exchanges on [Hyperliquid](https://iq.wiki/wiki/hyperliquid) by crowdfunding the required HYPE stake. [\\[7\\]](#cite-id-bQupN7Qwzl)\n\n## Technology and Mechanism\n\n### Staking and Unstaking Process\n\nTo obtain kHYPE, users must first ensure their HYPE tokens are on the HyperEVM, Hyperliquid's [smart contract](https://iq.wiki/wiki/smart-contract) platform. The process involves connecting a wallet to the Kinetiq dApp, specifying the amount of HYPE to stake, and executing the transaction. Upon confirmation, the user receives an equivalent amount of kHYPE. [\\[8\\]](#cite-id-fboknyFv6X)\n\nThe unstaking process, which converts kHYPE back to HYPE, involves a mandatory delay period of approximately eight to nine days and a 0.10% fee on the amount being unstaked. The process consists of three steps:\n\n1. **Queue Unstake:** The user initiates a withdrawal request on the Kinetiq dApp and receives a unique withdrawal ID. The kHYPE tokens remain in the user's wallet during the delay.\n2. **Wait Period:** The user must wait for the delay period, which includes a 1-day delegation lockup and a 7-day unstaking queue, to conclude.\n3. **Confirm Withdrawal:** After the period ends, the user returns to the dApp to finalize the withdrawal, which burns the kHYPE and returns the corresponding HYPE to their wallet.\n\nAs an alternative to the unstaking delay, users can achieve instant liquidity by trading their kHYPE tokens on supported [decentralized exchanges](https://iq.wiki/wiki/decentralized-exchange) (DEXs), though this may incur price [slippage](https://iq.wiki/wiki/slippage). [\\[8\\]](#cite-id-fboknyFv6X)\n\n### StakeHub Validator Management\n\nAt the core of the protocol is StakeHub, an autonomous system responsible for managing the staked HYPE assets. StakeHub is designed to optimize yield and enhance network security through several functions:\n\n* **Algorithmic Selection:** It evaluates and selects [Hyperliquid](https://iq.wiki/wiki/hyperliquid) validators based on performance metrics.\n* **Continuous Monitoring:** The system actively tracks [validator](https://iq.wiki/wiki/validator) performance to ensure optimal returns.\n* **Automatic Rebalancing:** It dynamically adjusts HYPE delegations among validators without requiring user intervention.\n* **Risk Diversification:** By spreading stakes across multiple validators, it mitigates risks associated with the performance or downtime of any single [validator](https://iq.wiki/wiki/validator). [\\[1\\]](#cite-id-Gk7Mf3Jazn)\n\n### Native Integration and Cross-Chain Swaps\n\n[Kinetiq](https://iq.wiki/wiki/kinetiq) is deeply integrated with [Hyperliquid's](https://iq.wiki/wiki/hyperliquid) [Layer 1](https://iq.wiki/wiki/layer-1) infrastructure, utilizing features like CoreWriter Contracts to communicate directly with validators and efficiently manage [staking](https://iq.wiki/wiki/staking) operations. This native integration allows for synchronized and secure interactions with the [blockchain's](https://iq.wiki/wiki/blockchain) core state. [\\[2\\]](#cite-id-Q56Xjwc2rs)\n\nThe protocol also facilitates cross-chain functionality, allowing users to acquire kHYPE directly on HyperEVM by swapping ETH or [USDC](https://iq.wiki/wiki/usdc) from the [Ethereum](https://iq.wiki/wiki/ethereum) or [Base](https://iq.wiki/wiki/base) blockchains. This feature is powered by a partnership with Enso. [\\[8\\]](#cite-id-fboknyFv6X)\n\n## Tokenomics\n\n### kHYPE Token\n\n* **Ticker:** kHYPE (sometimes listed as KHYPE)\n* **Blockchain:** HyperEVM\n* **Contract Address:** `0xfd739d4e423301ce9385c1fb8850539d657c296d`\n* **Maximum Supply:** Infinite\n\nThe [market capitalization](https://iq.wiki/wiki/market-capitalization) to fully diluted valuation (FDV) ratio was 1.0, indicating that the total supply was in circulation at that time. [\\[9\\]](#cite-id-4qNQCJN0HZ)\n\n## Ecosystem and Use Cases\n\n### DeFi Applications\n\nkHYPE is designed to be a composable asset within the [Hyperliquid](https://iq.wiki/wiki/hyperliquid) DeFi ecosystem. It can be used as [collateral](https://iq.wiki/wiki/collateral) for borrowing, supplied to liquidity pools on [DEXs](https://iq.wiki/wiki/decentralized-exchange), or integrated into other structured financial products. The token is traded on several DEXs, with Project X, UltraSolid V3, and Hybra Finance V3 being among the most prominent venues. The most active trading pair has been [USDT0](https://iq.wiki/wiki/usdt0)/kHYPE on Project X. [\\[9\\]](#cite-id-4qNQCJN0HZ)\n\n### \"Launch\" EaaS Platform\n\n[Kinetiq's](https://iq.wiki/wiki/kinetiq) \"Launch\" platform functions as an Exchange-as-a-Service (EaaS) solution. It addresses a significant capital barrier for teams wishing to deploy custom perpetual futures exchanges on [Hyperliquid](https://iq.wiki/wiki/hyperliquid), which requires a minimum stake of 1,000,000 HYPE per Hyperliquid Improvement Proposal 3 (HIP-3). \"Launch\" enables teams to crowdfund this stake from the community. Contributors receive a unique, exchange-specific Liquid Staking Token (exLST) that represents their share of the staked assets and grants them a portion of the [trading fees](https://iq.wiki/wiki/trading-fee) and governance rights over that specific exchange. Each exchange deployed via \"Launch\" operates in an isolated [staking](https://iq.wiki/wiki/staking) pool, separating its risk from other exchanges on the platform. [\\[7\\]](#cite-id-bQupN7Qwzl)\n\n> \"Launch unlocks a new layer of financial expression on \\[Hyperliquid] - (https://iq.wiki/wiki/hyperliquid). Teams can now spin up exchanges as easily as stores on Shopify—while backers support visions they believe in, like on Kickstarter.\"\n> — Justin Greenberg, Co-Founder and CTO of Kinetiq [\\[7\\]](#cite-id-bQupN7Qwzl)\n\n### Related Tokens\n\n* **iHYPE:** A [liquid](https://iq.wiki/wiki/liquid) [staking](https://iq.wiki/wiki/staking) solution created specifically for institutional partners, with integrations for firms such as FlowDesk and IMC Trading. [\\[4\\]](#cite-id-MkmJthYwuI)\n* **vkHYPE:** A token observed to be trading on the Project X platform. The \"v\" prefix suggests it may be a vested or vote-escrowed version of a Kinetiq-related token, potentially used for governance or enhanced yield. [\\[6\\]](#cite-id-tA1Q6l5u6c)\n\n## Team and Organization\n\n[Kinetiq](https://iq.wiki/wiki/kinetiq) was developed by Kinetiq Research. The protocol was founded by a figure known by the alias 0xOmnia or Omnia.hl. Justin Greenberg serves as the Co-Founder and Chief Technology Officer. Kinetiq is also a member of the HypurrCo ecosystem, a collective that supports projects building on [Hyperliquid](https://iq.wiki/wiki/hyperliquid). [\\[10\\]](#cite-id-q8x4pnum8F) [\\[4\\]](#cite-id-MkmJthYwuI) [\\[7\\]](#cite-id-bQupN7Qwzl)\n\n> \"This is really only the beginning... what you've seen so far is merely a warmup.”\n> — Omnia.hl, Founder of Kinetiq [\\[4\\]](#cite-id-MkmJthYwuI)\n\n## Security\n\nThe Kinetiq protocol has implemented a multi-layered security strategy. It has undergone security audits from four independent firms: Spearbit, Pashov Audit Group, Zenith, and [code4rena](https://iq.wiki/wiki/code4rena). The protocol is a member of the Secure Staking Alliance and maintains a public bug bounty program hosted on the Cantina platform to incentivize security research. The infrastructure supporting its institutional offerings, such as the \"Kinetiq x Hyperion\" [validator](https://iq.wiki/wiki/validator), is provided by Pier Two, which holds SOC 2 Type I and Type II certifications. [\\[11\\]](#cite-id-Gues0qWIG5) [\\[3\\]](#cite-id-y8dW2PSuja)\n\n## Controversies\n\n### De-pegging Event\n\nBetween September 24 and September 27, 2025, the kHYPE token experienced a notable de-pegging event against wrapped HYPE (WHYPE). During this period, its value fell to a low of 0.8802 before recovering its peg. The market attention during this time was also linked to a simultaneous [NFT](https://iq.wiki/wiki/non-fungible-token-nft) [airdrop](https://iq.wiki/wiki/airdrop) conducted by [Hyperliquid](https://iq.wiki/wiki/hyperliquid). [\\[9\\]](#cite-id-4qNQCJN0HZ)","summary":"Kinetiq Staked HYPE (kHYPE) is a liquid staking token (LST) from the Kinetiq protocol on the Hyperliquid blockchain. It represents staked HYPE tokens, providing users with liquidity for their assets while earning staking rewards from the network.","images":[{"id":"QmSFviXW1ENLWP5j5RxiCc4hAPrnCfcZnWCimFeN9iV1CL","type":"image/jpeg, image/png"}],"categories":[{"id":"defi","title":"defi"}],"tags":[{"id":"Protocols"},{"id":"Developers"},{"id":"Ethereum"},{"id":"Blockchains"}],"media":[{"id":"QmUBoH2MZV5sm7VYnaTzEMLbHDmMbtKX9P2N8FunmafNrj","name":"Cópia de Design sem nome (1).png","caption":"","thumbnail":"QmUBoH2MZV5sm7VYnaTzEMLbHDmMbtKX9P2N8FunmafNrj","source":"IPFS_IMG"},{"id":"QmRyAUt5NpWRBobSAVTFkf2xrCfUGtDyZtFR396GU6HGkq","name":"Cópia de Design sem nome.png","caption":"","thumbnail":"QmRyAUt5NpWRBobSAVTFkf2xrCfUGtDyZtFR396GU6HGkq","source":"IPFS_IMG"}],"metadata":[{"id":"references","value":"[\n  {\n    \"id\": \"Gk7Mf3Jazn\",\n    \"url\": \"https://kinetiq.xyz/docs\",\n    \"description\": \"Kinetiq Official Documentation\",\n    \"timestamp\": 1760045720740\n  },\n  {\n    \"id\": 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1760045720740\n  },\n  {\n    \"id\": \"tA1Q6l5u6c\",\n    \"url\": \"https://x.com/kinetiq\\\\_xyz\",\n    \"description\": \"Official Kinetiq social media channel\",\n    \"timestamp\": 1760045720740\n  },\n  {\n    \"id\": \"bQupN7Qwzl\",\n    \"url\": \"https://www.globenewswire.com/news-release/2025/07/31/3125108/0/en/Kinetiq-Unveils-Launch-The-First-Exchange-as-a-Service-EaaS-Platform-for-the-Hyperliquid-Ecosystem.html\",\n    \"description\": \"Announcement of the \\\"Launch\\\" EaaS platform\",\n    \"timestamp\": 1760045720740\n  },\n  {\n    \"id\": \"fboknyFv6X\",\n    \"url\": \"https://kinetiq.xyz/docs/getting-started-with-khype\",\n    \"description\": \"Guide to staking and unstaking kHYPE\",\n    \"timestamp\": 1760045720740\n  },\n  {\n    \"id\": \"4qNQCJN0HZ\",\n    \"url\": \"https://www.coingecko.com/en/coins/kinetiq-staked-hype\",\n    \"description\": \"CoinGecko page for Kinetiq Staked HYPE\",\n    \"timestamp\": 1760045720740\n  },\n  {\n    \"id\": 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