KNTQ Tracker

Revenue · buybacks · burn analytics for Kinetiq on Hyperliquid

Updated —·

Unofficial personal site. Numbers are estimates derived from public APIs and on-chain data, may lag 12–24h, and may differ from official figures. Verify all values on-chain before any financial decision.

How it works: Kinetiq earns revenue from liquid staking on Hyperliquid (kHYPE) and HIP-3 perps trading (Markets). A share of that revenue is used to buy KNTQ from the open market; the acquired KNTQ is distributed to everyone who has staked KNTQ (receiving sKNTQ in return). Trading fees from KNTQ itself flow to an assistance fund address and are effectively burned — reducing supply over time.

Revenue history

DefiLlama · may lag 12–24h

—

cumulative revenue · all-time·cumulative revenue over time·raw DefiLlama revenue (kHYPE + Markets)

Buyback purchase history

on-chain · 0xaa3b…b6e2

—

lifetime KNTQ purchased · fetching·Cumulative KNTQ bought over time

Aggregated from userFills of the shared buyback agent (0xaa3b7392…b6e2). Buys (side B) and sells (side A) are netted per UTC day. Earlier history before the agent was deployed (2026-03-26) may have used different infrastructure and is not reflected here.

Revenue → buyback flow

How protocol revenue flows to KNTQ stakers

DefiLlama · may lag 12–24h

All acquired KNTQ is distributed proportionally to KNTQ stakers (via sKNTQ). Buyback amounts cover All-timerevenue from DefiLlama's Kinetiq kHYPE (KIP-2, post-2026-04-09 only) and Kinetiq Markets (HIP-3) streams — HyperCore fees, Launch revenue, Validator commission, and kHYPE v2 validators aren't broken out by DefiLlama. Burn amount is cumulative on-chain.

→ Buyback (All-time)

—

kHYPE × 70% + Markets × 10%

→ Burn (cumulative)

—

Inside the Buyback pool

Markets (HIP-3) fee recipient0xbcd4...a0d2

—

HIP-3 account value

USDC → KNTQ

▶

HyperCore spot orderbook · continuous sweep

sKNTQ vault0x6962...4d0F

rebases share price to KNTQ stakers

KIP-2 protocol treasury0x64bD...98E3

—

tracked by DefiLlama treasury adapter

kHYPE → HYPE → KNTQ

▶

accumulates slowly · swept to sKNTQ periodically

sKNTQ vault0x6962...4d0F

rebases share price to KNTQ stakers

KNTQ price

Market cap

Protocol TVL

KNTQ staked

Total burned

Holders

KNTQ market history

—

Price over time

Supply breakdown

Staked KNTQ

——

Liquid circulating

——

Burned

——

Locked / vesting

——

Hyperliquid LST competition

Source: DefiLlama · `chains: Hyperliquid L1` and `category: Liquid Staking`, sorted by TVL. Yield aggregators (Kinetiq Earn, Hyperbeat Earn) and pure yield strategies (Looped Hype) are in different categories and are excluded. Click a row to open the protocol's DefiLlama page for deeper history.

Buyback run-rate (projection)

All values below are estimates, not on-chain actuals. Computed from DefiLlama revenue × buyback policy (KIP-2 × 70% post-2026-04-09; Markets × 10% per official value-accrual diagram) and annualized via per-day rate. Excludes HyperCore fees, validator commissions, launch revenue, kHYPE v2 validators, and KNTQ trading fees (DefiLlama doesn't break those out). For actually executed on-chain buyback, see Buyback purchase history.

Buyback revenue · 30dModeled

—

DefiLlama × policy · KIP-2 0d · Markets 0d

Annual run-rate (USD)Projected

—

per-day rate × 365

KNTQ bought back / yearProjected

—

annual USD ÷ current KNTQ price

Staking reward simulator

Estimate rewards from staking KNTQ

Based on tracked buyback revenue (KIP-2 × 70% on performance fees post-2026-04-09 + Markets × 10%), extrapolated to one year.

Basis

Your stake

KNTQ · —

03,000,000

Pool share

—

of 0 staked

Est. APR

—

in USD terms

Annualized buyback pool

—

per-day × 365 · KIP-2 0d / Markets 0d

Period

USD

KNTQ

Monthly reward

—

Annual reward

—

Estimate assumes tracked buyback run-rate continues unchanged. Uses KIP-2 performance fee (post-2026-04-09 only — earlier days were unstaking fees that went 100% to treasury, not buyback) and 10% of Markets fees per the official value-accrual diagram. Each source is annualized as per-day × 365 using its own day count, so KIP-2 isn't penalized when the window pre-dates activation. Excludes HyperCore fees, validator commissions, launch revenue, kHYPE v2 validators, and KNTQ trading fees (DefiLlama doesn't break those out). Actual rewards depend on future revenue, KNTQ price, and dilution from new stakers.

HYPE price → sKNTQ APR sensitivity

Scenario model

Current HYPE

—

Baseline sKNTQ APR · KIP-2 only

—

at current HYPE price

Scenario sKNTQ APR · KIP-2 only

—

Simulated HYPE price

USD · 1.00× current

sKNTQ APR over HYPE price range0.25× to 5× · current: —

Source

Baseline (annual)

Scenario (annual)

KIP-2 (kHYPE) — scales ×1.00

—

Markets (HIP-3) — USD-denominated, stays flat

—

Total annual buyback

—

Model: KIP-2 revenue (10% of HYPE staking rewards → 70% to buyback) scales linearly with HYPE price since it is HYPE-denominated. Markets (HIP-3) revenue counts at 10% to buyback (per the official value-accrual diagram), USDC-denominated and held constant — trading activity may correlate with HYPE price long-term, but modeling it as proportional would overstate sensitivity. sKNTQ APR assumes the current KNTQ price and staked pool (—) hold steady. Excludes HyperCore fees, validator commissions, launch revenue, and kHYPE v2 validators (DefiLlama doesn't break those out).

Burn & distribution tracker

Cumulative burned

Sent to assistance fund

Staked KNTQ

Locked for buyback rewards

Burned vs total supply

Recent burn amounts

Recent burn transactions

Past ~3h · last 0 events

Cumulative burn history

Hypurrscan · sampled

—

cumulative burned

Top KNTQ holders

Exclude system

Show

0 items

Holder growth

—

unique holders

sKNTQ tier distribution

approximated · KNTQ holders × staking rate

Holders (excl. system)

—

from on-chain KNTQ holders

KNTQ aggregated

—

non-system holders only

Staking rate

—

of circulating supply

Approximation method: sKNTQ is a HyperEVM ERC-20 (not indexed by Hypurrscan), so we bucket on-chain KNTQ holders by tier threshold instead. The actual sKNTQ staker distribution may concentrate differently than KNTQ holdings. System addresses (assistance fund, sKNTQ pool, staking manager, HyperCore) are excluded.

Kinetiq validator delegations

Total delegated

—

Validators

—

Avg commission (weighted)

—

Avg APR (weighted)

—

Hide jailed

0 items

L1 HYPE unstaking queue

Pending

—

Total queued

—

Largest request

—

Sort by column header

0 items

Ecosystem yield pools

All pools

—

Combined TVL

—

0 items

Tier simulator

Staked KNTQ amount500,000

03,000,000

Your tier

Tier 3

Referral share

Taker discount

20%

kmHYPE mint cap

111,111

Cost (USD)

—

Next tier

750,000 more

Tier	KNTQ staked required	Referral	Discount	kmHYPE cap
1	50,000	6%	10%	1,111
2	100,000	7%	15%	11,111
3You	500,000	8%	20%	111,111
4	1,250,000	10%	25%	222,222
5	2,500,000	15%	30%	Unlimited

Tokenomics

KNTQ supply distribution

Growth & rewards

30%

Airdrop

25%

Contributors

23.5%

Foundation

10%

Investors

7.5%

Liquidity

Max supply

1B KNTQ

Genesis

Nov 27, 2025

Vesting schedule (contributors & investors)

Total duration: 3 years

Cliff: 1 year (Nov 2026)

Vesting: 2-year monthly linear after cliff

Contract addresses

KNTQ0x00000000...42c2d6

sKNTQ0x696238e0...2E4d0F

kHYPE0xfD739d4e...7C296D

kmHYPE0x360C140E...f0C473

Assistance fund (burn)0xfefefefe...fefefe