Kinetiq kHYPE

Kinetiq is a non-custodial liquid staking protocol for HYPE, the native token of Hyperliquid L1. Stakers deposit HYPE and receive kHYPE, a yield-bearing token that tracks staking rewards while remaining usable as collateral and trading asset across Hyperliquid DeFi.

The product fills the LST gap on Hyperliquid in much the same way that Lido did on Ethereum or Jito on Solana — turning native security tokens into productive DeFi capital without giving up rewards.