Spent some time thinking about this and I’d take the other side of the bet for multiple reasons:
1. Most people aren’t informed on Kinetiq despite Hyperliquid’s massive success.
2. Those aware don’t know the correlation between kPoints and FDV. I’ve only seen one or two sheets with very conservative numbers.
3. Friction to use Pendle is still high, even among hyperEVM farmers.
4. If S1 is short, you want to buy YTs. If S1 is long but kPoints supply stays at 800k/w, you want to buy YTs early.
5. So far the @kinetiq_xyz team has only made smart moves. I doubt they’ll repeat Eigenlayer’s farming playbook and expect them to follow Ethena’s instead.
I’ll keep buying kHYPE YTs until they stop being undervalued, using @quant_sheep excellent tool as reference.
Although I’m insanely bullish on @kinetiq_xyz (as you can tell from my past article), it crossed my mind that stacking points via vanilla kHYPE/vkHYPE staking (obviously much less than YT) and then waiting for a post TGE entry might actually be the smarter play than farming YT if you’re really long-term bullish on Kinetiq.
I don’t think anyone here needs to hear this, but YT goes to zero at maturity, and with TGE timing unknown, the opportunity cost is insane.
Nothing goes straight up (even $HYPE dropped from $30 -> <$10 before). Especially right after TGE, there’s a high chance of volatility from airdrop dumps, which could hand you a very juicy and more reasonable entry.
8.7K
45
The content on this page is provided by third parties. Unless otherwise stated, OKX TR is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX TR. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX TR is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.