Decentralised-finance protocol Kinetiq has activated its liquid-staking service on the Hyperliquid mainnet, allowing holders of the HYPE token to exchange their deposits for the derivative asset kHYPE. The launch enables users to earn staking rewards while keeping their HYPE liquidity, a feature designed to broaden participation in the Hyperliquid ecosystem, which currently reports about $1.95 billion in total value locked across its DeFi applications. Kinetiq’s interface also introduces a “kPoints” dashboard indicating that HYPE stakers will accrue additional reward points every Thursday, adding a loyalty-style incentive to the platform’s yield offerings.