kHYPE can now be used as collateral via Nado

November 3, 2026

Kraken has announced that kHYPE — its wrapped HYPE token, backed 1:1 by HYPE held in Kraken custody — can now be used as collateral in Nado's onchain protocol. kHYPE lets holders keep their HYPE with Kraken while putting it to work onchain.

Shared via KrakenFX on X in late October 2026, tagging HyperliquidX and congratulating the Nado team
The integration adds collateral use for kHYPE as the wrapper's onchain utility expands

Sources

More ways to put your HYPE to work. kHYPE lets you keep your $HYPE in Kraken custody and use it onchain. And thanks to @nadoHQ, you can now use it as collateral. Congrats to the Nado team 🤝 @HyperliquidX https://t.co/o6q6txmHdcx.com ↗

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kHYPE can now be used as collateral via Nado — Outposts