Understanding Sekai

Sekai is an innovative liquid staking protocol built upon the HyperEVM framework, which is part of Hyperliquid’s EVM-compatible smart contract platform. This protocol enables users to create custom liquid staking tokens (LSTs) that represent staked HYPE, ensuring that each token is backed by actual staking returns and can be utilized throughout the decentralized finance (DeFi) ecosystem.

One of the standout features of Sekai is its shared exit liquidity layer. Typically, when a new LST is introduced, it must establish its own Automated Market Maker (AMM) pool, a process that can be challenging for smaller or newer tokens. Sekai has instead opted for community funding through its Sekai Kappas NFT mint, distancing itself from conventional venture capital approaches.

Sekai Airdrop Information

As of now, there has been no official confirmation regarding a token issuance or airdrop from the Sekai development team. However, Sekai stands out as one of the more technically advanced projects within the Hyperliquid ecosystem. Participating in early testnet activities is currently the best method to establish an on-chain presence ahead of any possible snapshot decisions. The public testnet was launched on June 9-10, 2026.

At this stage, the creation of new LSTs is limited to holders of Kappa NFTs and select partners. Nonetheless, all users have the opportunity to mint, redeem, and trade existing LSTs or provide liquidity on the Sekai DEX.

If you are exploring additional projects that currently do not have a native token and may potentially offer an airdrop to their early users in the future, consider reviewing our curated list of upcoming retroactive airdrops so you do not miss out on future DeFi opportunities!