Hyperliquid welcomes the debut of sHYPE by Kintsu
Kintsu, a liquid staking protocol, has made a significant move by expanding to Hyperliquid, a crucial hub in the Decentralised Finance (DeFi) space. This expansion, marked by the launch of sHYPE, is now live on mainnet.
The decision to expand to Hyperliquid was driven by its importance as a hub, averaging billions in daily trading volume and strengthened by HIP-3's permissionless market creation. sHYPE is designed for direct integration with HyperEVM based decentralised finance applications and yield strategies.
sHYPE maintains liquidity for participants while supporting composable capital allocation. It introduces a governance model that plays out like a game, where delegates stake governance tokens and compete for reputation and voting power. This model aims to address fragmentation in DeFi through decentralised validator curation and composable staking tokens.
Validator performance and participant activity serve as key factors in shaping outcomes. Validators compete for stake based on performance metrics, and their output directly influences yield distribution. Governance structures oversee validator selection and curation in sHYPE, with the objective of ensuring transparency and incentive alignment across stakeholders.
The initiative is designed around a community-driven model of liquid staking. Kintsu uses decentralised and gamified validator curation, composable staking tokens, and governance for credible neutrality.
The team behind Kintsu's expansion on Hyperliquid includes notable companies such as Castle Island Ventures, Brevan Howard Digital, CMT Digital, Spartan, Arche Capital, and F-Prime.
To engage with the project, users can join the waitlist for Kintsu today. As a milestone, over 300,000 participants engaged with the Beta Pass NFT, a testament to the project's growing popularity. Selected participants will receive the Battle Pass Multiplier NFT, which provides 1.5x Kintsu Points.
With sHYPE now live on mainnet, Kintsu continues its mission to unify fragmented DeFi ecosystems, offering a promising future for decentralised finance.
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