Kinetiq vs Treehouse
SwanBluechip verdict
SwanBluechip rates Kinetiq 7/10 versus Treehouse 5/10, so Kinetiq is the higher-conviction pick today — but the right call depends on what you need. Compare the takes below.
| Metric | Kinetiq | Treehouse |
|---|---|---|
| SwanBluechip Score | 7/10 · Strong | 5/10 · Watching |
| Category | LST | LST |
| Status | Token Live | Points Live |
| Airdrop | Token Live | None |
| TVL (DefiLlama, HL L1) | $1.14B | — |
| HIP layer | — | — |
Kinetiq
7/10 · Strong
Liquid staking for HYPE: stake HYPE, receive kHYPE. The largest liquid staking protocol on Hyperliquid by DefiLlama TVL at the time of review.
Treehouse
5/10 · Watching
Decentralized fixed-income protocol extended to Hyperliquid via tHYPE, a liquid staking token built on Kinetiq kHYPE with a rate-arbitrage layer. TREE token already launched (Jul 2025), so the big airdrop is past — remaining angle is GoNuts points seasons and tHYPE yield.
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