💸Earn

kHYPE DeFi Strategy Vault, Powered by Veda

Overview

Kinetiq has partnered with Veda to offer the Kinetiq Earn vault, an automated kHYPE DeFi strategy vault that allows kHYPE stakers to have access to the highest yielding opportunities across Hyperliquid DeFi utilizing their kHYPE.

The vault is managed by Veda's in-house risk curator, Seven Seas, who manages >$4b in total value locked across all of their vaults.

How Can I Earn?

Stakers simply deposit their kHYPE (or HYPE), and behind the scenes the Earn vault allocates across a variety of DeFi positions, ensuring automated risk-adjusted yield for kHYPE holders.

Benefits to depositing in the Earn vault include:

• Automated access to various DeFi protocols to capture yield that would otherwise require manual searching and management such as:

  • Liquidity provisioning on Curve

  • Leveraged staking yield via money markets like Felix and Hyperlend

  etc

• Risk-adjusted opportunity curation

  • Veda vets each protocol by consulting with respective teams, assessing audits and general security practices, and more.

• Earn kPoints (more on this here: kPoints)

All kHYPE stakers are welcome to run whatever strategy they'd like outside of Earn, therefore if you prefer a self-custodial approach, feel free to utilize your kHYPE across the various partners supporting kHYPE, you may find them on the Ecosystem page on the Kinetiq dApp.

What fees will I pay?

• The vault assesses a Platform Fee of 2%, accrued annually — but is only charged for the duration that a user is in the vault. As an example, if a user is in the vault for 6 months, that's 1/2 of the year, so 50% x 2% annual fee = 1% on a user's deposit. The fee is collected as a user remains in the vault.

• There are no Performance fees.

• There are no Entry / Exit fees.

How does it work?

• After depositing kHYPE (or HYPE) into the Kinetiq Earn vault, users receive a liquidity provisioning (LP) token, effectively acting as a receipt of deposit, called vkHYPE, which represents the user's share of the vault balance, including both the principal value and accumulated yield after fees — this also includes yield from any points or tokens accrued from the protocols included in the Earn strategy.

Note

This vault contains smart contract risk and various degrees of economic risk. This includes, but not limited to, liquidity provisioning which can result in impermanent loss and use of leverage, meaning there is liquidation risk.