Kinetiq's stated path for a token on Elysium, rung by rung. The first two run on this pad. The last two are Hyperliquid's own markets, shown live from its API.
Constant product on virtual reserves, in native HYPE. All 1,000,000,000 tokens start in the curve; buying moves the price up it, selling moves it down. A 1% fee on each trade is split between the protocol, the creator and the holders.
When the curve holds its graduation target, graduate() moves the HYPE and the tokens left into an AMM pool on Elysium and burns the LP tokens in the same call. Kinetiq's words for this rung: launch on an Elysium AMM, deepen on Elysium prop-AMM markets
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Kinetiq: graduate to a HyperCore spot orderbook
. A spot listing on HyperCore goes through Hyperliquid's spot token deploy (HIP-1 and HIP-2); nothing on this pad does it for a coin. These are the spot pairs trading on HyperCore right now.
Kinetiq: reach a perpetual listing through HIP-3
. HIP-3 lets a builder who stakes HYPE deploy their own perp dex on HyperCore. These are the HIP-3 dexes live now and what they list.
