Kinetiq

Kinetiq is a protocol that provides liquid staking for HYPE, the native coin of the Hyperliquid network. When users deposit HYPE they receive kHYPE in return; this token accrues staking rewards while remaining usable in other decentralized finance applications in the Hyperliquid ecosystem. KNTQ is Kinetiq's token traded within the Hyperliquid ecosystem.

The protocol delegates deposited HYPE through an automated system called StakeHub to validators selected according to performance scores. Alongside this, Kinetiq develops iHYPE, a staking solution aimed at institutional clients; Markets.xyz, a platform offering perpetual futures based on assets such as stocks, indices, currencies and commodities; and Launch, an exchange-infrastructure-as-a-service offering. kHYPE is integrated with Pendle and various lending protocols. KNTQ holders can take part in governance and benefit from protocol incentives by staking the token.

The course of KNTQ may depend on the amount of HYPE deposited into Kinetiq, the overall growth of Hyperliquid, competing liquid staking protocols, token unlocks and smart contract risks. The Kinetiq page on Lzzo.com shows DefiLlama's US dollar reference price; the chart is drawn from the same source's historical data.