🚀 Borsa Becomes First to Deploy Permissionless LST via Kinetiq Launch

Kinetiq has completed the delisting of all USDH-collateralized markets, marking the end of an era for the platform's original market structure. **Final Markets Delisted:** - USOIL - SMALL2000 - USTECH - US500 This follows the previous delisting of SILVER, GOLD, MU, NVDA, EURUSD, and BOND markets. **What's Next:** The platform will redeploy its Markets HIP-3 DEX with USDC collateral beginning early next week. This transition represents a significant infrastructure shift for the decentralized exchange. The move to USDC collateral suggests Kinetiq is aligning with broader DeFi standards and potentially improving liquidity and user accessibility.

**Kinetiq has launched a new platform called Launch** that removes the traditional barrier of needing 500K+ $HYPE (approximately $30M+) to deploy a HIP-3 perpetual futures exchange on Hyperliquid. **Key features:** - Deployers can now crowdfund the HIP-3 stake requirement instead of sourcing capital independently - Stakers who back deployers earn a permanent share of trading fees from the exchange - Each exchange operates an isolated staking pool built on Kinetiq's liquid staking architecture - The platform currently secures over $1 billion in $HYPE - Future support planned for HIP-4 deployments The platform went live on June 10th, 2026. More details available at [Kinetiq's blog](https://kinetiq.xyz/blog/kip-3-launch-live).

**Perpsdotfun** has announced an exclusive partnership with **Markets.xyz** to deploy perpetual futures contracts on their platform. **Key developments:** - Perpsdotfun will deploy perps exclusively on Markets.xyz - This enables permissionless listings for perpetual futures on any asset - Once Markets transitions to USDC, Perpsdotfun will list directly on the Markets platform This partnership represents a step toward more open perpetual futures markets, allowing traders to access derivatives on a broader range of assets without traditional gatekeeping.

Markets.xyz has expanded its revenue distribution mechanism through integration with Perps.fun, strengthening the earning structure for kmHYPE and sKNTQ stakers. **Key Updates:** - Anyone can now act as a subdeployer via Perps.fun with perpetuals deployed on Markets.xyz - Both kmHYPE and sKNTQ earn **10% of deployer revenue** each - Revenue is programmatically used to purchase HYPE and KNTQ on HyperCore - Purchased tokens are automatically distributed to stakers **Background:** kmHYPE launched in December 2024 as the first user-owned capital markets token onchain, built on the same architecture as kHYPE (Kinetiq's LST with billions in TVL). KNTQ holders could stake kHYPE 1:1 for kmHYPE across three tiered cohorts based on holder rank. The Perps.fun integration creates a more robust and decentralized revenue stream for both staking tokens.