Harmonix kHYPE
HAKHYPE
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HAKHYPE (Harmonix kHYPE) is an ERC-4626 yield-bearing vault share on HyperEVM issued by Harmonix Finance that wraps Kinetiq liquid-staked HYPE. Data gaps exist for Active Development and Community Support due to insufficient verifiable public information, requiring the redistribution of their combined 35% weight across the remaining sections. The token suffers from negligible 24-hour liquidity (~$100), high centralization under an anonymous team with no decentralized governance, and cannibalization within the Harmonix ecosystem. On security, Harmonix has engaged multiple audit firms (Verichains, Shieldify, Zenith), though remediation of eight critical/high findings from Shieldify remains unconfirmed and hakHYPE's specific vault contract was not explicitly verified within audit scopes. No hacks, exploits, or regulatory actions were identified.
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Security & Audits
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About Harmonix kHYPE (HAKHYPE)
HAKHYPE (Harmonix kHYPE) is an ERC-4626 yield-bearing vault share token operating on the HyperEVM network within the Hyperliquid ecosystem. Developed by Harmonix Finance, the token serves as a wrapper for kHYPE, which is a liquid-staked representation of HYPE issued via Kinetiq. Depositors receive HAKHYPE as a receipt token reflecting their share of the underlying vault, which aims to generate additional yield through automated protocol strategies on top of baseline staking returns.
The token features an elastic supply dictated by vault deposits and redemptions, with roughly 44,000 tokens in circulation and an estimated fully diluted valuation of $3.5 million. HAKHYPE experiences extremely limited market traction and thin liquidity, recording approximately $100 in 24-hour trading volume. Within the Harmonix ecosystem, the token faces competition and liquidity fragmentation alongside other internal yield products, such as haHYPE.
Harmonix Finance operates under centralized operator discretion without a decentralized autonomous organization (DAO), public on-chain voting, or publicly identified core team members. The broader protocol has been reviewed by audit firms including Verichains, Shieldify Security, and Zenith. A security review by Shieldify identified eight critical and high-severity issues related to deposit and withdrawal configurations, though available records do not confirm the remediation status of these findings or whether the specific HAKHYPE vault contract was in scope. While no hacks, exploits, or regulatory actions have been reported, the asset remains exposed to strategy performance fluctuations and thin market liquidity.