what's hyperlend?
HyperLend is a lending and money market protocol built on HyperEVM, part of the Hyperliquid ecosystem. It uses the same code as Aave and offers lending and borrowing services with various APY rates: USDC deposits earn 6-15% APY, HYPE deposits earn around 5% APY, and USDT0 earns 7-13% APY. The platform operates a points system for users who deposit assets, with approximately 500 million total points expected to be distributed. Users can earn points through direct deposits or via yield aggregator partners like Harmonix, HyperBeat, and HyperWave. The protocol integrates with multiple ecosystem projects including Felix, Kinetiq, HypurrFi, and HyperUnit, allowing users to earn multiple point streams simultaneously. HyperLend features a tier ranking system (Eagle Tier mentioned) based on points accumulated. The platform has an upcoming Token Generation Event (TGE) scheduled for Q4 2025-Q1 2026, with an estimated 30% of tokens allocated for the airdrop. Users are advised to maintain loan-to-value ratios below 40-50% for optimal point earning. The protocol also offers leverage strategies through HyperLoop for maximizing yields and point accumulation.
Hyperlend offers 20% USDH supply incentives and HPL token loan rate discounts.
Links
x.com/hyperlendxLaunched supply incentives offering 20% returns for supplying USDH, running for one month from 2026-01-12.
Introduced HPL token utility providing rate discounts on loans.
Reached 70,000 users by the end of 2025, growing from 0 users at the start of the year.
Platform TVL stands at $350M with #4 ranking on one chain. Points program has ended.
kHYPE becomes the largest asset on the platform, surpassing regular HYPE by 25%, with $30M remaining deposit capacity before reaching its cap.
USDC borrowing costs reduced for one month through Gauntlet-optimized incentives, with example showing market rate of 7.52% reduced to net 1.92% borrow rate, ahead of upcoming portfolio margin launch.
Platform caps filled and then lifted due to demand, 5M sthype milestone expected soon.
Co-founder and CTO @fbsloXBT selected as finalist for CryptoIQ competition.
Whale deposits $6.6M worth of HYPE tokens (approximately 221K tokens) into the platform.
ETH suppliers earn 52% APY on the platform.
wHLP featured among top Pendle PTs with analyst noting HLP's major wins (10/10) and recent losses, expressing positive sentiment for the wrapped HLP product with points despite mixed performance history.
Hyperlend Stable Optimizer operates as a live autonomous agent on Wayfinder's strategies platform, currently in testing alongside four other strategies ahead of a dedicated sub-site launch and strategy harness release.
Equilibria launches new LHYPE pool with 250% vePENDLE boost, enabling LPs to earn boosted yields and multiple ecosystem points.
New asset listing for Pendle PT-kHYPE 19 March 2026 enables users to earn up to 25% APY through E-Mode looping with $30 million in HYPE available to borrow at sub-1% rates.
Points allocation now available for LHYPE minters using ValiDAO referral links, and upcoming integrations with HypurrFi and Felix Protocol announced.
Hyperlend integrated with Chainlink services this week as part of 52 new Chainlink integrations across 15 different chains.
RedStone's HyperStone oracle secures over $10B across DeFi protocols on HyperEVM including the platform, and first HIP-3 perpetuals are launching next.
RedStone's HyperStone oracle infrastructure powers the platform and covers 99.5% of all oracle feeds on HyperEVM, with HIP-3 markets launching soon.
Stablecoin yields on the platform sit at approximately 30% APY.
Morpho protocol is available on Hyperlend with looping functionality and individual market supply options for yield opportunities.
Hyperlend listed among DeFi projects planning Token Generation Event between now and end of year.
Points accumulation phase has concluded with no further actions required for participants.
Over $250m in assets borrowed in approximately 10 months, with HYPE as the most borrowed asset driving looped exposure to more than $320m in kHYPE and derivative deposits.
New Blockworks Portal launches with 71 charts across 5 dashboards for onchain data analytics.
Swype Card integration launches with zero transaction fees on real-world spending and Borrow Mode functionality, powered by Brahma technology.
USDC yields of 17% available on Arbitrum deployment with TVL currently at 1.3M.
Hyperlend integrates with Infinit Labs' AI-powered DeFi automation platform as part of a HyperEVM Eco Airdrop strategy, allowing users to access the protocol alongside Kinetiq, Hypurr, and HyperBeat through one-click execution.
During the past 48 hours of extreme market volatility, the protocol processed over $5 million in liquidations with zero downtime, proving infrastructure reliability under stress conditions.
Hyperlend is using Chainlink as their primary oracle for the lending market on HyperEVM mainnet. Chainlink launched a HyperEVM testnet RPC as a public good to accelerate ecosystem growth.
Harmonix Finance vaults on Pendle's HyperEVM market now distribute rewards from the platform alongside other HyperEVM protocols, creating a new yield farming opportunity for vault depositors.
A new Pendle integration launches hakHYPE products with ~16% yields through Yield and Principal Tokens maturing Nov 20 2025, earning points from multiple protocols including Kinetiq and Hypurr.
The platform partners with Brahma to launch Swype Card enabling real-world crypto spending with zero transaction fees through end of year.
The platform is listed among DeFi projects planning a Token Generation Event (TGE) in Q4 of this year.
The platform announces a partnership with Hypurrs, offering points boosts to all holders.
Recent massive increases to slope2 parameters across markets have set upper interest rate limits unusually high, possibly in preparation for upcoming UTA features.
The platform now offers 500%+ APY for providing $ETH, significantly higher than previously reported yield rates.
The platform now offers $HYPE borrowing at 1% APY, with yield strategies available through integration with Kinetiq's PT-kHYPE token at 8.6% fixed APY, enabling leveraged positions yielding up to 49% APY.
$beHYPE token goes live on the platform, which currently maintains over $665M in total value locked.
Analysis estimates potential $18K airdrop value per Hypio NFT holder from upcoming TGEs including the protocol, based on historical patterns where completed projects allocated 10-30% of supply to Hypio holders with conservative 3% assumption for future launches.
Hyperlend TGE is expected in Q4 alongside multiple other project token generation events.
Hyperlend is part of an investment/advisory portfolio being showcased across major Asian crypto conferences including upcoming Korea Blockchain Week and Token 2049 Singapore, with 50+ meetings conducted to connect with investors, market makers, and exchanges.
Project adopts tiered reward system following Hyperliquid's S1 airdrop model for better user alignment.
Wallet linked to Saudi royal deploys 800k HYPE across protocol ecosystem; indirect connection to Saudi sovereign wealth fund identified.
PT-kHYPE token appreciates 2.05% monthly, offering up to 100% APR through leveraging strategies.
uSOL asset integration goes live on protocol.
New loyalty bonus system may be implemented to favor long-term holders over YT traders, while current YT trading shows 20% weekly gains with significant risks.
New dnHYPE vault launches with 33% yield and $5M cap, currently 75% filled ($3.75M).
New PT-kHYPE collateral integration launches while TVL reaches $9B on Pendle and $500M on HyperEVM, marking significant protocol growth.
New multi-protocol farming system launches with hbUSDT token, enabling simultaneous yield farming across seven protocols including Hyperbeat, Hypurrfi, Hyperswap, Ethena, Resolv, Felix, and Hyperlend points.
New LHYPE token launches with auto-compounding HYPE rewards and multi-protocol points accumulation across Felix, Hyperlend, HypurrFi, and Looping Collective platforms.
Pendle integration enables 14% fixed APY on hHYPE tokens with new forward curve functionality for variable/fixed yield options.
New Penpie integration enables hHYPE LP staking with 41% APY in PENDLE rewards
New Equilibria integration launches with 250% vePENDLE boost for HYPE lending, combining HyperliquidX interest and protocol points accumulation.
Two new Pendle V2 pools launch with December 18 maturity dates for HYPE and wHLP tokens.
New collateral type PT-kHYPE integrated into lending platform.
New vkHype staking derivative launches through Kinetiq protocol, expanding yield optimization pathways.
Trading volume hits $755.4M milestone, maintaining strong momentum with $462M post-airdrop activity.
Developer's parent company nolimithodl secures $150M fund, indicating strong institutional backing for protocol development.
kHYPE achieves dominant position as most supplied collateral asset across major DeFi protocols, with integrations spanning 7+ platforms including largest pools on Valantis and PRJX.
New LHYPE/WHYPE stable pool launches on HyperEVM in collaboration with Looping, featuring optimized rewards and minimal slippage.
High APY rates available: 74% on HYPE and 84% on USDHL tokens
PT-kHYPE now supported as collateral with up to 5x leverage capability, following Pendle's launch on HyperEVM with kHYPE market integration.
New asset USR by Resolv Labs now available for borrowing using HYPE as collateral.
TVL reaches $701M with $159M in protocol, surpassing Felix to become largest money market on network.
Protocol expands cross-chain capabilities through deBridge integration for HyperEVM
kHYPE deposits reach $48.32M with deposit caps filling within 60 seconds, while achieving largest LP positions on Valantis ($26M) and PRJX ($6M).
TVL surges to $420M in under 24 hours, representing 18% growth from previous $355M level.
Platform enables borrowing $HYPE against kHYPE collateral with looping feature
TVL decreases to $355M from previous $445M, representing a 20% decline while maintaining second position behind Felix.
Platform reaches 25,000+ total users with 1,000+ daily active users; launches cross-chain deposits via LayerZero and new HyperLoop feature for asset looping.
Integrates Chainlink services, joining 11 other protocols across multiple chains.
Current TVL reaches $445M, establishing position as second-largest protocol in expanding HyperEVM ecosystem.
Current lending rate stands at 0.35%, positioning higher than Felix (0.26%) but lower than Hypurrfi (0.92%) and Sentiment (3.99%) in the competitive landscape.
New wrapped HLP vault launches with 8% yield and multi-asset deposit support.
AMA session scheduled for June 23rd at 12:00PM EST featuring team leads @johndohyo and @0xNessus to share project updates and insights.
Technical infrastructure transitioning from EVM to HyperCore platform.
Protocol integrates Chainlink Data Streams as first adopter on HyperliquidX, enhancing lending efficiency with sub-second price feeds.
Protocol expands to four new platforms (Morphobeat, HyperSwap, HypurrFi, Mizu) with platform-specific features including up to 91.5% LTV ratio and varied reward structures across each integration.
Protocol shifts focus to HyperCore orderbooks, enabling larger trades and improved capital efficiency for liquidations.
Protocol launching two new features: HLP tokenization with leveraged yield farming and Liquid Perpetual Positions enabling futures trading via HyperliquidX L1 integration.
Lending vaults now have available space for new deposits and borrowing.
Points distribution scheduled for release today.
Protocol achieves $100.92M in total borrows, maintaining largest lending volume in HyperEVM ecosystem.
Active phishing campaign using fake Google ads targets users with malicious transaction signatures.
Lending pools reaching maximum capacity, causing temporary borrowing constraints until limit increases.
Achieves leading money market protocol status within Hyperliquid ecosystem, which has reached $1.3B total TVL.
Thin USDT0 and USDe liquidity pools experiencing high volume, creating arbitrage opportunities between HyperliquidX Core and hyperEVM.
Protocol now integrated in HyperEVM ecosystem via HyperliquidX and HyperFND platforms.
Protocol TVL surges 250% to $1B over past month.
USDT0 stablecoin integration adds new borrowing capabilities against HYPE collateral.
Active scammers impersonating project are targeting Fidenza NFT holders by requesting permissions.
New USDe borrowing against HYPE now available with 20x rewards.
USDe integration now live on platform, expanding stablecoin options.
USDe integration enables HYPE-collateralized borrowing with 20x supply rewards.
Fee increase scheduled in 2 days alongside active buyback program; new collateral options enabled through Felix Protocol, Hyperlend, and HypurrFi integrations.
HYPE token now supported as collateral for margin trading through multiple protocols.
New dashboard partnership with Block Analitica enables tracking of all markets, positions, and lending metrics.
Platform reaches $90M+ TVL and $23M+ borrowed with 6300+ users in first month, while implementing multiple security features and asset integrations.
Only 1% of HYPE supply currently exists on HyperEVM, presenting early entry opportunities across multiple integrated DeFi protocols.
Lending platform launches points program with daily XP claims and NFT-based multipliers for HYPE, stHYPE, LHYPE, and USDXL assets.