Kintsu Staked HypePrice

(SHYPE)

sHYPE is a Liquid Staking Token (LST) issued by the Kintsu protocol on the Hyperliquid blockchain. It represents HYPE tokens that have been staked to help secure the network. When you deposit native HYPE into the Kintsu vault, you receive sHYPE in return. While your original assets are delegated to validators to earn rewards, your sHYPE remains liquid. This allows you to engage in decentralized finance activities, such as trading or using the token as collateral, while continuing to accumulate staking yields.

No, sHYPE is not pegged 1:1 with HYPE. Kintsu utilizes a redemption ratio model where the value of sHYPE increases relative to HYPE over time. This growth is driven by the accumulation of staking rewards and MEV (Maximal Extractable Value) fees within the protocol. Consequently, while the amount of sHYPE you receive might differ from your initial deposit, each sHYPE token becomes redeemable for a larger amount of native HYPE as rewards compound.

Yield for sHYPE holders is generated from two main sources: native staking rewards and MEV fees. These rewards are automatically added back into the staking pool, which increases the redemption value of sHYPE over time. Because this process is automated, users do not need to manually claim or restake their earnings. The yield efficiency is further optimized by the protocol's curated selection of high-performing validators.

KSU is the planned governance token for the Kintsu protocol, designed to give holders a say in protocol upgrades, fee structures, and the selection of validator sets. Alongside this, Kintsu operates a points program to reward early adopters. Users can accumulate points by holding sHYPE, providing liquidity on supported platforms, or participating in the protocol's gamified systems. These points typically serve as a metric for community engagement and potential future rewards.

Kintsu prioritizes security through comprehensive smart contract audits conducted by reputable firms like Cantina. Regarding asset management, there is a mandatory cooldown period enforced by the underlying blockchain when converting sHYPE back to native HYPE. Once a user initiates the unstaking process, they must wait for this period to elapse before their assets become claimable. Additionally, the protocol uses a 'Validator Battlefield' system to ensure stake is delegated to the most reliable and high-performing validators.

sHYPE is designed for utility across the ecosystem and can be traded on exchanges like LBank or various decentralized platforms. To boost engagement, Kintsu introduced the Battle Pass Multiplier NFT, which provides a 1.5x boost to accumulated Kintsu Points. These points are earned through activities like holding sHYPE or providing liquidity. This system allows users to maximize their participation in the protocol while maintaining the flexibility of a liquid staking asset.