joachim
40.9K posts








Kinetiq will support KIP-3: Launch, enabling permissionless LST deployments with optional HIP-3 and HIP-4 opt-in for qualifying stake. This has been one of the most requested features since Kinetiq's inception. Prospective HIP-3 deployers will be able to crowdsource the HYPE needed to launch their own DEX, without deploying or managing their own LST, and its corresponding infrastructure and security. Launch is not limited to just aspiring HIP-3 / HIP-4 deployers. Validators, communities, and DeFi protocols of any kind will be able to launch their own LST, unlocking capital efficiency and composability for HYPE that would otherwise sit idle on HyperCore. Launch Deployers retain full control over validator selection for their underlying stake delegation. This creates an entire new stream of revenue for deployers of permissionless LST's, who can collect a portion of staking rewards on top of providing several DeFi opportunities for their communities. Kinetiq will earn 10% of the deployer share from every bonded DEX in perpetuity, making it the cheapest, fastest, and most aligned path to market for any deployer. This aligns Kinetiq with the success of deployers as the protocol generates no returns unless deployers do. 100% of revenue from Launch is used to programmatically purchase KNTQ from the open market (via HyperCore) and is distributed entirely to sKNTQ stakers. Anyone will be able to deploy an LST on Hyperliquid without permission or gatekeepers, with full optionality to graduate into HIP-3 and HIP-4 as stake grows. This is a foundational primitive for Hyperliquid's DeFi ecosystem, and unique to the Kinetiq protocol exclusively. Further documentation will be shared upon launch.

Aave service providers and ecosystem partners have established a recovery fund that factors in pending DAO votes, including the Arbitrum governance vote, indicative agreements, and successful execution to restore rsETH’s full backing. We are DeFi United, and resolving this for affected users and the broader DeFi ecosystem is our top priority. We have aligned with @KelpDAO and @LayerZero_Core on the technical steps required to execute our plan. That work is now moving forward. Thank you to everyone who contributed to DeFi United and to the thousands of community members who stood with us throughout. Watching the DeFi community come together has been genuinely inspiring. The final recovery plan, steps for users, and further updates will follow shortly.











