Kraken launched kHYPE, a 1:1 custodial package for HYPE

Cryptocurrency exchange Kraken announced that kHYPE is now live. kHYPE is a wrapped version of HYPE, fully backed by Kraken on a 1:1 basis and can be verified on-chain.

This asset can be used in DeFi on the Ink chain and can be redeemed back to the original asset at any time.