The post Hyperliquid-based Kinetiq Unveils KNTQ Governance Token appeared on BitcoinEthereumNews.com. KNTQ will allow holders to participate in decisions shaping the Kinetiq liquid staking protocol. The Kinetiq Foundation on Wednesday unveiled KNTQ, the official governance token for the Kinetiq protocol—the largest liquid staking platform on Hyperliquid’s Layer 1, HyperEVM, with a total value locked (TVL) of over $1.6 billion. As a governance token, KNTQ will enable holders to participate in decision-making and help shape the future of the Kinetiq protocol. The token will have a maximum supply of 1 billion, and eligible airdrop recipients must agree to the Kinetiq Foundation Terms of Use by Nov. 21 at 20:00 UTC. Kinetiq’s token distribution will allocate 30% of KNTQ to protocol growth and rewards, 25% to the initial airdrop (including 1% for Hypurr holders and 24% for kPoints holders), 23.5% to core contributors, 10% to the Kinetiq Foundation, 7.5% to investors, and 4% to liquidity. KNTQ Tokenomics The move underscores rising demand for liquid staking on new Proof-of-Stake networks, as users seek to retain access to liquidity while earning rewards for securing the blockchains. Liquid staking is currently the second-largest DeFi category, hitting a record $88 billion in TVL in September and sitting at just over $71 billion today. Over $53 billion of this amount is on Ethereum, per DeFiLlama. Liquid Staking TVL Rapid Growth The token launch also highlights how quickly Kinetiq has grown since its launch in July. It’s now the fastest-growing liquid staking protocol on Hyperliquid, the Kinetiq Foundation said in a post on X. Kinetiq kHYPE currently ranks 10th among liquid staking protocols, with a TVL of $1.36 billion. Within 24 hours of launching, Kinetiq attracted over $460 million in capital across just 2,800 holders, for an average stake of $164,280 per wallet, The Defiant previously reported. “As HyperEVM completes the unified execution layer by being attached directly to… The post Hyperliquid-based Kinetiq Unveils KNTQ Governance Token appeared on BitcoinEthereumNews.com. KNTQ will allow holders to participate in decisions shaping the Kinetiq liquid staking protocol. The Kinetiq Foundation on Wednesday unveiled KNTQ, the official governance token for the Kinetiq protocol—the largest liquid staking platform on Hyperliquid’s Layer 1, HyperEVM, with a total value locked (TVL) of over $1.6 billion. As a governance token, KNTQ will enable holders to participate in decision-making and help shape the future of the Kinetiq protocol. The token will have a maximum supply of 1 billion, and eligible airdrop recipients must agree to the Kinetiq Foundation Terms of Use by Nov. 21 at 20:00 UTC. Kinetiq’s token distribution will allocate 30% of KNTQ to protocol growth and rewards, 25% to the initial airdrop (including 1% for Hypurr holders and 24% for kPoints holders), 23.5% to core contributors, 10% to the Kinetiq Foundation, 7.5% to investors, and 4% to liquidity. KNTQ Tokenomics The move underscores rising demand for liquid staking on new Proof-of-Stake networks, as users seek to retain access to liquidity while earning rewards for securing the blockchains. Liquid staking is currently the second-largest DeFi category, hitting a record $88 billion in TVL in September and sitting at just over $71 billion today. Over $53 billion of this amount is on Ethereum, per DeFiLlama. Liquid Staking TVL Rapid Growth The token launch also highlights how quickly Kinetiq has grown since its launch in July. It’s now the fastest-growing liquid staking protocol on Hyperliquid, the Kinetiq Foundation said in a post on X. Kinetiq kHYPE currently ranks 10th among liquid staking protocols, with a TVL of $1.36 billion. Within 24 hours of launching, Kinetiq attracted over $460 million in capital across just 2,800 holders, for an average stake of $164,280 per wallet, The Defiant previously reported. “As HyperEVM completes the unified execution layer by being attached directly to…