Daily HyperEVM Project Overview
Day #11 - @ValantisLabs
🔸 A next gen modular AMM, specifically for LSTs
🔸 60M TVL (all in HYPE and LSTs)
🔸 Best APR when there's lots of activity on LSTs - which means pegs and depegs, temporary ones, ideally.
As we saw with people unstaking stHYPE to get into Kinetiq, stHYPE traded below what it can be redeemed at with a few days waiting time.
If you were in Valantis then, you'd print double digits APR, as well as HypurrFi points for stHYPE.
But, it's not too late, since these depegs happen periodically, and usually don't last more than a few days.
By putting your kHYPE in it, for example, you get Kinetiq points as well as Felix (soon), and probably something else in the upcoming weeks.
I still think looping your kHYPE is the way to go, but in case Valantis themselves tokenize at some point in the next year or so, it might be worth having some staked there.
Daily HyperEVM Project Overview
Day #10 - @kinetiq_xyz
🔸 The next $JTO has arrived. There's no doubt about it.
🔸 TVL : 633M
🔸 An incredible number of integrations and all of them are mostly tracked, plus the Earn tab is the best set-and-forget
I'm very bullish on this and I think it's one of the main reasons to be on HyperEVM.
Much like Jito itself, there was no reflink for it, it simply looked at utilization of jitoSOL (kHYPE) across various DeFi protocols, and no doubt a loyalty bonus will be applied for having used it for many months.
It's one of the main CoreWriter beneficiaries and why its a big deal, in Hyperliquid's own words:
LSTs on other chains are usually controlled by an offchain multi-sig because staking occurs outside of the VM.
The next generation of Hyperliquid LSTs can be built using read precompiles and CoreWriter for an entirely onchain tokenized staking experience. These onchain LSTs can participate in staking-related functionality through actions initiated from the HyperEVM, such as onchain LST-holder governance to deploy HIP-3 assets.
I don't expect this to tokenize this year, maybe it will take a year, but you definitely want to be in it.
How to farm it? Here's what I'm doing 👇
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