Ep 44 — How to Stake HYPE Permissionlessly with Omnia from Kinetiq
Episode publishedPodcast: Decentralised.coDecentralised.co
Transcript preview
Preview only
Welcome to the Deco podcast, where we bring you stories from founders and investors in Web three. Before we get started, this is not a financial or legal advice. It's just a conversation about things we find interesting in Web three. Views expressed are our own personal opinions. The co members or guests appearing on the show may have positions on assets they talk about. Alright. Welcome to another episode. Today, I have with me Avniya. He is a cofounder at Kinetic, which is a native LST protocol on HyperLiquid. What is all that? I think we'll talk about that. We'll talk about broad buckets. W
you very much for having me.
Alright. Let's start with the launch. Right? I mean, just four days away. How are things panning out?
Yeah. Very well. The reception has been really humbling, to be honest. We've been excited about it for quite some time. I'm not sure if I've ever publicly stated, but Inetik has been in development for close to ten months now, if not slightly longer. So, yeah, I mean, it's obviously pretty surreal, but we couldn't be more excited. And, thankfully, you know, users of the protocol couldn't be more excited either. We've chatted with pretty much every possible user from, you know, the most retail of retail to the most institutional of institutional, I guess. So, yeah, like, the offering has been c
Awesome. We get into all of that. But if we don't talk about, like, broad buckets, I think it would be disservice to Bitcoin, which is sitting at all time highs. Hybris sitting as all time highs. That's
right. Yeah.
What do you think having pump token sale, etcetera etcetera? What are your thoughts? Yeah.
I mean, honestly, the most exciting part about the pump token sale for me is the fact that there's a Hyperp on it. And, Hyperp, for those that don't know, is basically, like, a hyperliquid only perp. It's, essentially, the Hyperliquids premarket, effectively, if that makes sense. And, you know, that's attracted a pretty insane amount of volume. To my knowledge, in the initial twenty four hours of trading on this thing, it's been, you know, very interesting to say the least. There's been, like, you know, over a $150,000,000 in the first twenty four hours, a subsequent, like, $90,000,000 followi
Makes sense. So you mentioned that you've been building on Hyper Liquid, like, May 23. Right? So what was your thesis then? How has the thesis evolved since then? And pretty sure that there were alternatives available back in May 23. Right? Yeah. Probably Solana. I mean, today, it seems like consensus, but pretty sure back in the day, it wasn't. For
Keep exploring with a free account.
A free account preserves the short preview. Upgrade to Pro for the full transcript and episode chat.