@scfsw3r32w
Several months ago, Launch by Kinetiq was announced. If you've been following along, or read this today: https://x.com/markets_xyz/status/1995845349861183625 Launch allows anyone to deploy a permissionless, generalized LST, which can opt-in to HIP-3 capabilities.
The significance of this primitive is the ability to create an entirely decentralized, and onchain business powered by stakers who choose to back it, all through liquid staking.
Markets by Kinetiq leads the way on this by example, introducing the first exLST, kmHYPE –– which can only be minted by KNTQ holders (details in attached article above)
Heavily Markets coded
Hyperliquid
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