Kinetiq Launch Democratizes Hyperliquid Perpetual Futures Deployment Through Crowdfunding

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.

**Borsa (@Borsa_HL) has become the first deployer to utilize Kinetiq's Launch platform**, introducing brsHYPE as a permissionless liquid staking token. **Key Details:** - Users can stake HYPE for brsHYPE to co-own Borsa's HIP-3 deployment - brsHYPE holders earn **12.5% revenue share** plus HYPE staking rewards - Access the launch at [kinetiq.xyz/launch/borsa](https://kinetiq.xyz/launch/borsa) **Context:** Kinetiq's Launch platform enables validators, communities, and DeFi protocols to deploy their own LSTs with complete control over validator selection. The protocol currently holds **92.3% market share** among HYPE LSTs and manages over 1.18x the available HYPE on HyperEVM—representing **33.84% of total staked HYPE**. This deployment demonstrates how Launch allows prospective HIP-3 deployers to crowdsource necessary HYPE while creating new revenue streams through staking rewards and DeFi opportunities. The platform is undergoing rigorous audits and is secured by a $5m bug bounty program.

**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.