Yield Hunters Flock to HyperLiquid Staking Ecosytem to Farm Kintetiq's Airdrop

Kinetiq, a liquid staking protocol built around Hyperliquid’s HYPE token, has seen an explosion of inflows in recent weeks as users pile in to farm the protocol's airdrop points ￰0￱ value locked (TVL) on Kinetiq has jumped from roughly $458 million in mid-July to over $2.1 billion today, according to ￰1￱ part of the increase can be attributed to a 20% rise in the price of HYPE over the same period, another big driver has been raw ￰2￱ amount of HYPE staked has climbed from under 10 million tokens in July to nearly 40 million now. Kinetiq’s points program opened mid-July , underscoring that it is driving activity in its ￰3￱ surge demonstrates the growing influence of Hyperliquid, which is fast becoming a DeFi heavyweight as liquidity, trading activity and staking demand migrate onto its ￰4￱ programs in particular, where protocols distribute future token allocations to early participants, continue to pull in yield-hungry crypto ￰5￱ staking HYPE through Kinetiq, users not only earn standard staking rewards but also accumulate points toward a potential Kinetiq token ￰6￱ many DeFi traders, that double yield opportunity has proven irresistible, some have shared on ￰7￱ more: Native Markets Leads Early Voting for Hyperliquid’s USDH Stablecoin Contract