Buybacks are Live — sKNTQ & kmHYPE

Your Staked Ratio
Grows Forever

The Kinetiq protocol has activated open market buybacks for both sKNTQ and kmHYPE. Protocol revenue purchases tokens directly on HyperCore, forwarding yield to stakers pro‑rata — permanently increasing the exchange ratio.

sKNTQ : KNTQ

1.04827

kmHYPE : HYPE

1.01193

Total Buybacks

$2.34M

sKNTQ:KNTQ ↑ 1.04827 ● kmHYPE:HYPE ↑ 1.01193 ● Last buyback — 14 min ago ● Buyback frequency — Continuous ● Protocol — HyperCore open market ● sKNTQ:KNTQ ↑ 1.04827 ● kmHYPE:HYPE ↑ 1.01193 ● Last buyback — 14 min ago ● Buyback frequency — Continuous ● Protocol — HyperCore open market ●

sKNTQ Buybacks

Staked KNTQ — ratio grows as protocol buys KNTQ on HyperCore

Current exchange ratio Growing

1.04827 KNTQ / sKNTQ

Genesis: 1.00000 Current target: 1.10000

Buyback APY

+1.84%

Bought back

$1.12M

Hold sKNTQ — rewards stream automatically via ratio increase

kmHYPE Buybacks

Kinetiq Markets HYPE — ratio grows as protocol buys HYPE on HyperCore

Current exchange ratio Growing

1.01193 HYPE / kmHYPE

Genesis: 1.00000 Current target: 1.05000

Buyback APY

+0.93%

Bought back

$1.22M

Hold kmHYPE — rewards stream automatically via ratio increase

Don't have sKNTQ or kmHYPE yet?

Stake KNTQ → sKNTQ

Stake HYPE → kmHYPE

How Buybacks Work

A fully on-chain, trustless mechanism that permanently increases the value of your staked position.

Protocol Revenue

Kinetiq earns protocol revenue from its suite of products — liquid staking, markets, and institutional rails on Hyperliquid.

Open Market Purchase

The protocol executes buybacks by purchasing KNTQ and HYPE directly via open market on HyperCore — fully on-chain and transparent.

Ratio Grows Forever

Purchased assets are forwarded to sKNTQ and kmHYPE stakers pro‑rata, permanently and retroactively increasing the exchange ratio.

The Mechanism

Protocol Revenue → Buy KNTQ / HYPE on-chain → sKNTQ : KNTQ ratio ↑

No claiming required. Every sKNTQ and kmHYPE holder benefits automatically as the ratio rises.

Read the docs

By the Numbers

Real-time data from the Kinetiq protocol and HyperCore.

Kinetiq TVL

$832M

Total Value Locked

Total Buybacks

$2.34M

Executed to date

sKNTQ : KNTQ

1.048

Exchange ratio

kmHYPE : HYPE

1.012

Exchange ratio

Security audited

8 independent audits & $1M bug bounty

View audits →

Common Questions

Do I need to claim rewards manually?

No. Buyback rewards are distributed automatically via an increasing exchange ratio. Simply holding sKNTQ or kmHYPE means your position appreciates as the protocol executes buybacks. No transactions, no gas, no claiming necessary.

What is sKNTQ?

sKNTQ is the staked version of KNTQ, Kinetiq's governance and utility token. By staking KNTQ you receive sKNTQ, which entitles you to a pro-rata share of protocol buybacks. As the protocol purchases KNTQ on the open market, the sKNTQ:KNTQ ratio increases permanently.

What is kmHYPE?

kmHYPE is HYPE staked within the Kinetiq Markets product. It earns standard liquid staking rewards from Hyperliquid validator delegation, plus an additional buyback yield layer as the protocol purchases HYPE directly on HyperCore.

How often do buybacks happen?

Buybacks are currently executed manually based on protocol revenue accrual. The roadmap includes fully programmatic, continuous buyback execution. Both sKNTQ and kmHYPE ratios will continue to increase as further yield retroactively streams to stakers.

Where can I read more about the mechanics?

Full documentation is available at kinetiq.xyz/docs. You can learn about the sKNTQ and kmHYPE mechanics, the buyback mechanism, and the broader Kinetiq protocol design.

Your Staked Ratio Grows Forever