Hyperbeat co-founder @degennQuant announced that Kinetiq, the leading LST on HyperEVM, has blacklisted lstHYPE, the second-largest LST, from earning kPoints. This decision comes despite lstHYPE's substantial contribution of over $30 million to kHYPE minting, which significantly boosted kHYPE's utilization within the HyperEVM ecosystem and provided considerable returns to thousands of independent depositors. The move has impacted the entire HyperEVM community and contradicts the core principles advocated by Hyperliquid. Kinetiq has yet to issue an official response.
Kinetiq Blacklists lstHYPE Despite Significant Contributions
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