In the fast-paced world of DeFi on Hyperliquid, Project X is making waves with its kHype pools. If you're not familiar, Project X is a community-driven decentralized exchange (DEX) built on HyperEVM, essentially a tuned-up fork of Uniswap v4 optimized for Hyperliquid's lightning-fast 50ms finality. It strips away fees to make trading seamless, and its native token PRJX is at the heart of liquidity provision and points farming.

A recent thread from @rcivNFT highlights the excitement around the first payout from these pools, courtesy of the Kinetiq airdrop. Kinetiq, or KNTQ, is a token in the ecosystem, and this drop is just the beginning—potentially one of three payouts. The user shared that they're seeing around $2k in KNTQ, with UNIT and PRJX amounts still to be determined.

What's clever here is the strategy: taking that Kinetiq airdrop and immediately liquidity providing (LP'ing) it on PRJX. This move locks in early volume APR (annual percentage rate) and racks up more PRJX points. APR in this context is the yield you earn from providing liquidity, often boosted by trading fees and incentives in the pool.

The thread quotes an earlier post from August noting that the pools "continue to cook," meaning they're performing well and generating solid returns. Community replies are buzzing— one user points out the yield hitting $1 per minute, which is impressive for early-stage liquidity.

Discussions dive into risks like impermanent loss (IL), where the value of your LP position can fluctuate due to price changes in the paired assets. @rcivNFT explains it's essentially DCA'ing (dollar-cost averaging) out of their KNTQ position while earning yield and points— a smart way to mitigate upside loss on KNTQ.

Others chime in on the strategy's aggressiveness, lockup periods (none mentioned, suggesting flexibility), and overall hype. One reply from @BOBBYBIGYIELD, who's building @prjx_hl, affirms that KNTQ pools are "amazing rn" (right now).

For meme token enthusiasts, this ties into the broader Hyperliquid narrative, where projects like PRJX blend DeFi utility with community-driven momentum, often exhibiting meme-like volatility and rewards. If you're farming points or hunting airdrops, keeping an eye on Project X via their site could pay off.

This thread underscores how interconnected these ecosystems are—airdropped tokens fueling liquidity, which in turn boosts APR and points for future drops. Stay tuned for UNIT and PRJX updates, as they could signal even bigger opportunities in this space.