Introducing kHYPE

What is kHYPE? kHYPE is a fully backed, cross-network-compatible ERC-20 token, backed 1:1 by an equivalent amount of HYPE and held securely in Kraken’s custody. Clients can verify this for themselves at any time by inspecting our reserves onchain. kHYPE works with decentralized applications (dApps) on Ink. Learn more about kHYPE Why kHYPE? kHYPE is a wrapped token: it’s backed by, and represents, HYPE, letting holders utilize the value of the underlying across different blockchain networks. Wrapped tokens carry some added risk on top of the general risks of holding cryptocurrencies – learn more about the risk disclosures here. With kHYPE, you get a wrapped token backed by Kraken’s 15+ years of expertise and infrastructure. Each kHYPE token stays backed 1:1 by HYPE, held securely and verifiable onchain. How kHYPE is secured Kraken holds full reserves for every kHYPE token minted and provides clients with a way to verify their holdings directly. Check the reserves yourself: kHYPE Ink smart contract HYPE custody address Benefits of kHYPE kHYPE transforms HYPE’s utility by allowing it to seamlessly integrate into Ink, with plans to extend compatibility to additional networks. Developers can build with kHYPE in their dApps. Holders can use it in DeFi in the same way they’d use HYPE elsewhere. kHYPE is available at launch on Ink. Get started with Kraken Some crypto products and markets are unregulated, and you may not be protected by government compensation and/or regulatory protection schemes. The unpredictable nature of the cryptoasset markets can lead to loss of funds. Tax may be payable on any return and/or on any increase in the value of your cryptoassets and you should seek independent advice on your taxation position. Geographic restrictions may apply. Share this: Share on X (Opens in new window) X Share on LinkedIn (Opens in new window) LinkedIn Share on Facebook (Opens in new window) Facebook (Kraken)