IMO another interesting play on Pendle with kPoints.
@kinetiq_xyz is sunsetting the points system with the final distribution on Oct 16, while the Pendle pool officially ends Nov 13.
YT already priced this in with a dump, APY on YT-kHYPE now ~6.76%.
Thesis:
1/ Kinetiq = top project on Hyperliquid rn.
2/ kPoints wonât be diluted. In fact, likely valued higher than market expected because of early ending.
3/ Weekly distribution formula is dynamic & undisclosed â very likely YT gets an extra bonus in the next/last week (no reason to screw Pendle & its users).
With ~11M kPoints emitted, fair start looks like $15â25 per kPoint⊠with upside ( $HYPE playbook).
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