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    SEKAI

    What is Sekai?

    Sekai is a liquid staking protocol built on HyperEVM, Hyperliquid’s EVM-compatible smart contract layer. It lets anyone launch a custom liquid staking token (LST) representing staked HYPE, with each LST backed by real staking yield and usable across DeFi.

    The protocol’s main draw is its shared exit liquidity layer. Normally, every new LST has to bootstrap its own AMM pool, which disadvantages small or early-stage tokens. Sekai raised community funding through a Sekai Kappas NFT mint rather than a traditional VC round.

    Ongoing

    Sekai Airdrop Details

    No token or airdrop has been officially confirmed by the Sekai team. That said, Sekai is one of the more technically differentiated projects in the Hyperliquid ecosystem, and early testnet participation is the most direct way to establish on-chain history before any snapshot decisions are made. The public testnet launched on June 9-10, 2026. Creating new LSTs is currently restricted to Kappa NFT holders and close partners, but anyone can mint, redeem, and swap existing LSTs and provide liquidity to the Sekai DEX.

    How to participate in the Sekai Airdrop

    Step 1: Set up a compatible wallet

    Install MetaMask or another EVM-compatible wallet if you do not have one. Sekai runs on HyperEVM, so you will need to add the Hyperliquid testnet network manually.

    Add the following network settings to your wallet:

    • Network Name: Hyperliquid Testnet
    • RPC URL: https://rpc.hyperliquid-testnet.xyz/evm
    • Chain ID: 998
    • Currency Symbol: HYPE

    Step 2: Get free testnet HYPE tokens

    Visit the QuickNode Hyperliquid faucet to claim free testnet HYPE. You can also use the Chainstack faucet (1 HYPE per 24 hours, no social verification required).

    Step 3: Visit the Sekai testnet app

    Go to the SEKAI testnet page and connect your wallet. Make sure your wallet is pointed to the Hyperliquid testnet network before connecting.

    Step 4: Mint an existing LST

    Browse the available LSTs on the platform and mint one using your testnet HYPE. This is the most direct interaction with the protocol and establishes your activity on-chain.

    Step 5: Redeem your LST

    After minting, try redeeming your LST. The protocol will burn your LST tokens, record the HYPE claim, and mint a transferable ERC-721 receipt to your wallet. Your HYPE becomes claimable after the 7-day unbonding period ends.

    Step 6: Swap on the Sekai DEX

    Use the Sekai DEX to swap your LST for WHYPE directly. This tests the instant exit liquidity mechanism and adds a distinct contract interaction to your on-chain history.

    Step 7: Provide liquidity to the Sekai DEX

    Add liquidity to the shared HYPE pool on the Sekai DEX. Market makers who hold unstaking receipts and refill the pool are a core part of the protocol’s design, so LP activity is one of the more meaningful actions you can take.

    Frequently asked questions

    Is there a confirmed Sekai airdrop?

    No token or airdrop has been officially confirmed by Sekai. The project referenced a TGE in communications around the Kappas NFT mint, but no token ticker, distribution mechanics, or timeline has been announced.

    Do I need to invest money to participate?

    The testnet is entirely free. Get testnet HYPE from any of the available faucets and use it to interact with Sekai’s testnet app at no cost. Real funds are not required until mainnet launches.

    Who gets priority access on Sekai?

    Sekai Kappas NFT holders currently have priority access to create new LSTs on testnet. General users can mint, redeem, swap, and provide liquidity with existing LSTs without holding a Kappa.

    Conclusion

    Sekai brings a technically distinct approach to liquid staking on HyperEVM, with shared exit liquidity and transferable unstaking receipts solving two real problems for smaller LSTs. The public testnet is live now, and participation is free. Mint, redeem, swap, and provide liquidity to cover the full range of on-chain actions while mainnet is still being built out.

    You're interested in more projects that do not have any token yet and could potentially airdrop a governance token to early users in the future? Then check out our list of potential retroactive airdrops to not miss out on the next DeFi airdrop!

    Difficulty

    Easy

    Cost to Farm

    Free

    Overview