Kraken Blog/
Introducing kHYPE
Kraken has launched kHYPE, a 1:1 backed ERC-20 wrapped token representing HYPE, designed for use on the Ink network with plans for future cross-network compatibility.
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Read the original report at Kraken BlogWhy It Matters
The introduction of kHYPE expands the utility of the HYPE asset by enabling its use within the Ink ecosystem and decentralized applications, leveraging Kraken's custody infrastructure.