KINETIQ — The Kinetic Engine of the Hyperliquid Ecosystem KM! So excited to see Kinetiq @kinetiq_xyz becoming the first(maybe) @HyperliquidX ecosystem project to hit $1B TVL — and in just three weeks since launch! What a milestone. Congrats to @0xOmnia~ This is the reason why I believe that I should dig into Kinetiq ,and below is my introduction about Kinetiq . Tbh I has been curious why there is so much eyeballs on Kinetiq before it launch haha . And If I am not wrong tons of HYPE (more than 100m HYPE ) unstaked before the launch day of Kinetiq from mainnet for engaging into Kinetiq's liquid staking . Part1 . How Kinetiq works Kinetiq is a native Hyperliquid LST protocol designed to fully meet user needs from diff aspects : Unlike other LST projects, Kinetiq natively integrates with the Hyperliquid PoS network. Users simply stake their HYPE to Kinetiq and receive kHYPE to get the liquidity while earning the reward from POS network . Besides, Kinetiq’s contract autonomously delegates staked HYPE to the top-performing validator, which ranked by StakeHub based on five key metrics: Reliability, Security, Economics, Governance, and Longevity. Can go through their validators to know much more about current status of Stakehub 's scoring system : One thing makes me much more impressed is staking to HyperCore through Kinetiq is totally powered by CoreWriter — a native Hyperliquid system feature that allows HyperEVM contracts to write directly into HyperCore. It is HUGE!! This means all validator delegation happens fully on chain, with no off-chain trust assumptions. Kinetiq is the one of first HyperEVM protocol to adopt CoreWriter for validator delegation, enabling trustless, automated HYPE staking. If you want to dive deeper into CoreWriter, check out @djenn' s amazing post and video. 2.The Multiple Usage of kHYPE (YES from day1 ) Another massive milestone Kinetiq hit is that they almost got all the integration with the main ecosystem proj on hyperEVM on day1 . From first day of kHYPE launch, kHYPE has been usable across the HyperEVM DeFi projects. Below is the four sectors which kHYPE already has been acceptable by the HyperEVM ecosystem project .(Pls lemme know if I miss your project here) A. Collateral kHYPE can be accepted as collateral on money markets and CDP protocols like @felixprotocol ,@HypurrFi which means that you can make your kHYPE as collateral to mint feUSD or USDL . Also you can deposit your kHYPE on @hyperlendx for lending to get yield and borrowing as adding some leverage of your HYPE if you are bullish on $HYPE B. Liquidity Pool kHYPE is a liquidable asset on multiple trading platform including @CurveFinance on stableswap's side ,and on general AMM part ,we can also provide the liquidity and trade kHYPE on @laminar_xyz ,@ValantisLabs ,@prjx_hl ,@HyperSwapX and @HybraFinance . as I understanding from @0xOmnia ,kHYPE amm is the largest pool on @prjx_hl and @ValantisLabs C . Point market on @pendle_fi On Pendle ,they has provided the point market for Kinetiq's kPoint . Anyone who would like to get the kPOINT can purchase their yt token to pay kHYPE and earn the point . Vise versa ,for PT there is 12% Fixed APY . @tn_pendle your team is god ! learn more about Pendle's kPOINT market here D. Kinetiq Earn If Kinetiq can serve user to deposit their HYPE to the top-performance validator ,why not to provide an automatic strategy platform for kHYPE ? Yes this is Kinetiq Earn powered @veda_labs which can put your kHYPE(also HYPE) to work across leading DeFi protocols on HyperEVM, optimizing for the best risk-adjusted returns. Currently the TVL on Kinetiq EARN is 196m with 6% estimated APY . Yes it is largest pool on Veda so far . check Kinetiq Earn here : E. Option On @ryskfinance , you can open a 21 days length option to sell your kHYPE with 3% ~ 57.93% APR Now it is 30% TVL of Rysk. also congrats for the launch of Rysk to public @DanDeFiEd check it here : Part 3. The Kinetiq Flywheel — Kinetiq is the kinetic of Hyperliquid Network and HyperEVM ecosystem ! With Kinetiq, all of the stakeholders on Hyperliquid including users(HYPE holder) ,validator of POS network and ecosystem can benefit. Here is my analysis for the synergy and positive led by Kinetiq. A. User (HYPE holder) 1. YIELD : they can deposit and directly delegate their HYPE to the best validator on hypercore and earn the yield . 2. LIQUIDITY of the asset : with kHYPE ,user can earn staking rewards without giving up liquidity. B, Validator (Network Security) With Kinetiq, kHYPE stakers can support network security and the decentralization of HL network —without compromise while earn the high interest. With StakeHub, Kinetiq provides a continuous incentive for outstanding validators to stay online and performant at the highest possible level, aligning with the strict criteria set by StakeHub to receive stake delegation. When validators got the incentive from Kinetiq ,they provide the highest level validator service for HL POS network which also help Hyperliquid to win the trust from ecosystem developers and users to access into HyperEVM and HyperCore . C.Ecosystem With better service ,higher confident for developer to build application on hyperliquid . With the useful lst asset - kHYPE ,the more and more users have much more liquidity to engage into HyperEVM ecosystem projects while earning the staking reward from hl pos network. esp in the early stage now ,there is still kPOINT to attract users to mint kHYPE and loop their yield on other ecosystem projects . The design and the way to use Kinetig as the access into Hyperliquid is simple but being simple is always not easy. The flywheel is keeping running . I believe that there would be much more innovation and integration from Kinetiq. Special thanks to @0xOmnia to respond my question in short time. Do let me know if you are running or about to run a project on Hyperliquid (HyperEVM). # Recommended reading - For kPOINT's value estimation : Well read from @0xlykt's post