# Natsu Mining Season (LIVE)

*Natsu* (夏) means summer. It’s the season of **matsuri**, fire-work lit nights, and relentless growth in the rice fields. Just as the fields soak up sunlight, **Kinto users will harvest higher real yields** all summer long. Act before the cicadas fall silent.

<figure><img src="https://3204478300-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FkwGpOqIolO3lPoyd0ZL8%2Fuploads%2Fjq1FVFc4jdUNX3OYgKAR%2Fimage.png?alt=media&#x26;token=e84f57c9-aa64-4a21-803b-403d709d0058" alt=""><figcaption></figcaption></figure>

Starting June 10th, all activity earns standard Mining Program rewards — and Natsu-specific boosts layered on top.

## 1️⃣ Stake $K — Earn More of Everything <a href="#a770" id="a770"></a>

* 25 % base APY (paid in $K).
* Additional **+50 % mining bonus** for every staked $K during Natsu.
* Staked balance also unlocks better Hyperliquid exchange rates (see below).

## 2️⃣ Morpho Vault — 25 % Yield for USDC LPs <a href="#id-710d" id="id-710d"></a>

Last month, we turned [$K into productive DeFi collateral](https://medium.com/mamori-finance/%EF%B8%8F-k-is-now-defi-collateral-d8ba57ad47d7) via Morpho Blue on Arbitrum. Borrowers can post $K as collateral at up to 40 % LTV, enabling safe leverage or runway financing.

Supply USDC into the new $K market for the whole season and earn:

* **10 % fixed USDC yield — variable yield paid per block, remainder paid end of season.**
* **15 % streaming $K incentives — paid daily**

Combined target ≈ **25 % APY. |** Available only to deposits **before Sept 15.**

## 3️⃣ Trade Perps — Boosted by Your Stake <a href="#fd1f" id="fd1f"></a>

Hyperliquid trading rewards now scale with commitment to the network:

<figure><img src="https://miro.medium.com/v2/resize:fit:1400/1*RCnTAQIZMQLgcr0E4XYpcw.png" alt="" height="320" width="700"><figcaption></figcaption></figure>

Lower thresholds = faster stacking of $K.

Fees remain 5 bps with tiered discounts.

<figure><img src="https://miro.medium.com/v2/resize:fit:1400/0*A_doGmuk0b4E7pbU.png" alt="" height="394" width="700"><figcaption></figcaption></figure>

## 4️⃣ Bring Your Friends, Get Rewarded <a href="#id-6c6a" id="id-6c6a"></a>

Our referral program continues:

* For every **new Kinto user** you refer who **deposits ≥ $1 000** and keeps it during the campaign, stakes ≥ 10 $K, **or** trades ≥ $10 000 in perps, **you both receive 1 $K**.

No cap. Grow the village, grow your stack.

The heat won’t last forever. **Natsu ends on September 15**. When autumn leaves start falling, today’s APYs and staking boosts will be gone.