Kinetiq Launches Elysium Mainnet for Hyperliquid

The mainnet launch follows the opening of Elysium’s public testnet in September. Kinetiq, which additionally operates the $HYPE liquid staking token kHYPE, is focusing on high-frequency buying and selling and market-making functions with the brand new chain.

HyperEVM’s documented configuration permits 3 million gasoline in small blocks each second and 30 million gasoline in massive blocks each minute. Elysium’s builders describe its 300 million gas-per-second goal as validated in pre-mainnet load testing.

The payment design units a minimal base payment of 0.1 gwei and avoids a parent-chain information payment by storing transaction information offchain. The said intention is to let market makers refresh quotes 5 to 10 instances a second cheaply. Mainnet precedence charges are collected by the community somewhat than burned.

Kinetiq’s introduced income mannequin, printed in August, allocates 25% of sequencer charges to builders, 25% to its treasury and 50% to open-market $KNTQ purchases. It stated all bought $KNTQ can be despatched to the Hyperliquid Help Fund and burned.

HyperCore Connections Come Later

The launch doesn’t but embrace two deliberate hyperlinks to HyperCore’s buying and selling infrastructure. A local market-data interface, which might let contracts learn orderbooks, costs, balances and positions for peculiar name gasoline, is scheduled for an ArbOS community improve about 4 weeks after mainnet.

The identical improve is about so as to add the quick order-submission path. Underneath that design, an Elysium contract sends buying and selling directions to an agent licensed to put and cancel orders on a consumer’s HyperCore account, however not withdraw or switch funds.

At launch, Elysium runs commonplace ArbOS software program and token bridges, with $HYPE bridging from HyperEVM at 1:1 because the native gasoline asset. Its safety documentation specifies a single sequencer, permissioned validation and one Conduit-operated data-availability server. Commonplace withdrawals have a problem interval of about 5.5 days. A multi-member data-availability committee and permissionless fraud proofs are deliberate for later hardening.