Flowdesk and Kinetiq have partnered to create a $25m HYPE liquidity facility to enhance kHYPE liquidity and maintain price stability. Heavily kHYPE coded.

This partnership will combine Kinetiq's market leading LST solution for the Hyperliquid ecosystem and Flowdesk's institutional credit desk, supporting on chain redemptions and market stability when needed. As part of this partnership, Flowdesk will also enable kHYPE as a tradable asset and eligible collateral to their global client base across spot, derivatives and credit business lines. "We are pleased to work with the incredible team at Kinetiq to bolster liquidity and enhance adoption of kHYPE globally. As an early supporter of the Hyperliquid ecosystem our firm is committed to drive further development and institutional adoption of leading protocols and teams." - @HansonBirringer