Kinetiq

Kinetiq is a liquid staking protocol built natively on the Hyperliquid blockchain that allows users to stake Hyperliquid's native token, HYPE, and receive a representative token called kHYPE in return. The core problem it addresses is the trade-off between staking — which locks up capital — and staying active in decentralized finance, since kHYPE can be used across DeFi while the underlying HYPE continues earning staking rewards. It is aimed at holders of HYPE who want staking participation without giving up the ability to deploy their assets elsewhere.

When a user deposits HYPE into Kinetiq, the protocol issues kHYPE as a liquid receipt and automatically delegates the staked HYPE to Hyperliquid validators chosen by StakeHub, Kinetiq's internal validator scoring and delegation system. The KNTQ token is a governance token for the protocol, sitting within the HyperEVM ecosystem on Hyperliquid. Kinetiq does not operate its own consensus layer; it relies on Hyperliquid's underlying infrastructure to process and settle staking activity.

Fees arise from the staking yield generated on deposited HYPE; stakers are the ultimate source of those fees. Over the trailing 30 days the protocol recorded fees of 1,807,985.02 USD, of which protocol revenue — the portion retained by Kinetiq itself — was 228,304.59 USD, implying a take rate of approximately 12.63% over that same period. The remaining share, 1,579,680.43 USD over the trailing 30 days, went to the supply side, meaning stakers who provide the underlying HYPE. Holders of KNTQ received 113,045.41 USD in revenue over the trailing 30 days, representing the portion of protocol income directed to token holders.