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u/SpontaneousDream 1 week ago

Khype risk after Kinetiq "airdrop" grift

So am I the only one unstaking here? * The team ran a points campaign for 46 weeks, telling users about the upcoming "airdrop". * Day before the drop, price pumps hard. * Day of the airdrop, turns out its *not an airdrop* but instead a right to buy $KNTQ at $0.26. Price has now crashed from the high, continue to go lower, and now the community has largely turned on them. Idk about anyone else but this screams red flag to me. Meanwhile the team blocks anyone bringing it up on Discord, X, and continues their next shill, "Elysium" (an L2 that isn't live and isn't even needed). Hard to trust the team with my khype if they will grift/deceive their users like this. This is the largest liquid staking protocol on HyperEVM too. I think the market isn't taking the risk of an unstaking/depeg frenzy seriously enough. Maybe I'm overreacting but I'd rather just unstake and hold hype. Anyone else get farmed like me? Thankfully I didn't spend a huge amount of money and time on them...
1 comments held Reddit says 0 on reddit ↗
  1. u/Individual-Cup-2513 1 1 week ago
    I agree with you and if I were you I would rather my funds be staked through hyper foundation itself.