There's a reason why everyone is paying 18% to borrow $HYPE for a loop on Felix. It prints points. It's basically the only surefire way to get a bunch of points, even if you have to pay a lot for it. Worth it? At $10 (base case) per point, it makes sense. With $4k in HYPE looped like this (could perhaps push it a bit more, but I think a buffer is needed, so I don't) you're effectively getting $100 a week or so, while paying $61, at 18% interest rates. However, that's only for the Kinetiq loops - if you want to earn the Kinetiq points too, it makes sense maybe to pay that much. However, you can just use the standard wsthype-hype loop, where the interest is much lower, barely 3%, and you're generating some pretty decent yield, provided your position is hedged for HYPE itself. The calculation makes a even more sense if $15, or $20 per point (doubtful personally, especially if the points program lasts for months more, which I think it will) TLDR: Looping triumphs all, but go for wsthype loop instead of Kientiq on Felix, cheaper and will be so for the forseeable time.