SEKAI

Sekai is a liquid staking protocol built on HyperEVM, Hyperliquid's EVM-compatible smart contract layer. The protocol allows anyone to launch a custom liquid staking token (LST) representing staked HYPE, with each LST backed by real staking yield and composable across DeFi applications. What sets Sekai apart from other liquid staking solutions is its shared exit liquidity layer—a design that removes the need for each new LST to bootstrap its own AMM pool, directly benefiting smaller or early-stage tokens that would otherwise struggle with fragmented liquidity. Rather than taking a traditional venture capital route, Sekai raised community funding through its Sekai Kappas NFT mint. No token or airdrop has been officially confirmed by the team, though the project referenced a TGE in communications around the Kappas mint. The public testnet went live on June 9–10, 2026, and all core interactions are currently accessible at no cost.

How to Participate in the SEKAI Airdrop

Since no airdrop has been confirmed, the strategy here is to build meaningful on-chain history on the Sekai testnet. The more distinct protocol interactions you complete, the stronger your position if a snapshot ever occurs. Here is a practical step-by-step approach:

<liConfigure your wallet for HyperEVM testnet. Add the Hyperliquid Testnet network to MetaMask or any EVM-compatible wallet. Use these settings: RPC URL https://rpc.hyperliquid-testnet.xyz/evm, Chain ID 998, and currency symbol HYPE.
1. Claim free testnet HYPE. Use the QuickNode Hyperliquid faucet or the Chainstack faucet (1 HYPE per 24 hours, no social verification needed) to fund your wallet.
2. Connect to the Sekai testnet app. Navigate to the Sekai testnet interface and connect your wallet. Confirm that your network is set to Hyperliquid Testnet before connecting.
3. Mint an LST. Browse the available liquid staking tokens and mint one using your testnet HYPE. This is the most fundamental protocol interaction you can perform.Please verify the token approval amount; authorize only the specific amount required for the transaction.
4. Redeem your LST. Initiate a redemption to burn your LST tokens. The protocol records your HYPE claim and mints a transferable ERC-721 receipt to your wallet. HYPE becomes claimable after a 7-day unbonding period.
5. Swap on the Sekai DEX. Use the built-in DEX to swap your LST for WHYPE directly. This exercises the instant exit liquidity mechanism and logs a separate contract interaction.
6. Provide liquidity on the Sekai DEX. Deposit into the shared HYPE pool. Market makers who hold unstaking receipts and refill the pool are central to how Sekai's exit liquidity works, so LP activity is one of the highest-signal actions you can take.

Sustained participation strategy: Repeat minting, redeeming, and swapping across multiple sessions rather than completing everything in one transaction batch. Spread activity over different days and try different LSTs to diversify your on-chain footprint.

Potential Reward

There is no confirmed token or airdrop mechanism. The Sekai team has not announced a token ticker, distribution mechanics, or any timeline. A TGE was mentioned in Kappas NFT mint communications, but nothing further has been disclosed. If a token does materialize, early testnet participants with diverse on-chain history would likely be best positioned.

Airdrop Requirements

• An EVM-compatible wallet configured for the Hyperliquid testnet (Chain ID 998).
• Testnet HYPE tokens obtained from a faucet—no real funds required.
• Direct protocol interactions: minting LSTs, redeeming, swapping, and providing liquidity.
• Kappa NFT holders have priority access to create new LSTs, but general users can participate in all other testnet actions without holding a Kappa.

Latest SEKAI Airdrop Updates

The Sekai public testnet launched on June 9–10, 2026, and is currently live with minting, redemption, swapping, and LP features available to all users; no token or airdrop details have been announced beyond the earlier TGE reference.

Risk

• No confirmed reward: There is zero guarantee that testnet activity will lead to any token distribution. You could spend time interacting without receiving anything in return.
• Testnet-to-mainet gap: Testnet contracts, snapshots, and eligibility criteria can change before mainnet. Activity that seems meaningful today may not count later.
• Hyperliquid ecosystem dependency: Sekai's value proposition is tightly coupled to HyperEVM and the HYPE staking economy. If Hyperliquid's roadmap shifts or HyperEVM adoption stalls, Sekai's relevance could diminish.
• NFT-gated access: Core features like launching new LSTs are restricted to Kappa NFT holders. If token distribution favors LST creators over general users, non-holders may receive a significantly smaller allocation.
• Smart contract risk: Testnet code is unaudited and subject to change. Do not send real funds to testnet addresses, and avoid reusing private keys that control mainet assets.

FAQ

Has Sekai officially confirmed an airdrop or token launch?

No. The team has not confirmed any airdrop, token ticker, or distribution plan. A TGE was referenced during the Kappas NFT mint, but no concrete details have followed. Participation is speculative.

Do I need to spend real money to participate?

No. The entire testnet experience is free. You claim testnet HYPE from public faucets and use it to interact with Sekai's contracts. Real funds are not needed until a mainnet launch occurs.

What actions should I prioritize on the testnet?

Cover the full range of protocol interactions: mint an LST, redeem it, swap on the Sekai DEX, and provide liquidity. Providing liquidity is particularly aligned with the protocol's core design since market makers who refill the shared pool play a key role in the exit liquidity mechanism.

[Data sources: airdrops.io source page, Sekai official testnet site, Sekai Twitter and Discord]