💰 Hyperliquid launches native loans: $269M on the first day
Hyperliquid has launched a manual native lending system on its mainnet. Users can deposit $HYPE or $BTC as collateral to borrow $USDC and USDT. The success was immediate: $269 million borrowed in the first day.
⚙️ How does it work?
· LTV: up to 65% of the value of HYPE and 50% of BTC.
· Liquidation: if collateral falls below 82.5% (HYPE) or 75% (BTC).
· Rates: updated every hour based on pool utilization. Initial rate: 5% per year.
· Infrastructure: runs on HyperCore, the same as the portfolio margin system.
📈 Market impact
· HYPE hit a new all-time high above $90 after the announcement.
· The USDC supply in the pool surpassed $408 million, with utilization of 68.3% and a 3.08% return for depositors.
⚠️ Risks to consider
· Collateral dependency: the price of HYPE directly affects borrowing capacity and liquidation risk.
· Chain risk: Hyperliquid has suffered exploits in the past, though the modular design aims to isolate lending risk.
· Regulatory pressure: the CFTC is under pressure to regulate the platform.
🧠 Why does it matter?
Hyperliquid adds a layer of credit to its ecosystem, giving HYPE a more direct use case beyond trading. It’s a step toward becoming a complete financial platform, not just a perpetual exchange.
Do you think native loans will push HYPE to new highs? 👇
#Hyperliquid #HYPE #DeFi #analisis #BTC
Hyperliquid has launched a manual native lending system on its mainnet. Users can deposit $HYPE or $BTC as collateral to borrow $USDC and USDT. The success was immediate: $269 million borrowed in the first day.
⚙️ How does it work?
· LTV: up to 65% of the value of HYPE and 50% of BTC.
· Liquidation: if collateral falls below 82.5% (HYPE) or 75% (BTC).
· Rates: updated every hour based on pool utilization. Initial rate: 5% per year.
· Infrastructure: runs on HyperCore, the same as the portfolio margin system.
📈 Market impact
· HYPE hit a new all-time high above $90 after the announcement.
· The USDC supply in the pool surpassed $408 million, with utilization of 68.3% and a 3.08% return for depositors.
⚠️ Risks to consider
· Collateral dependency: the price of HYPE directly affects borrowing capacity and liquidation risk.
· Chain risk: Hyperliquid has suffered exploits in the past, though the modular design aims to isolate lending risk.
· Regulatory pressure: the CFTC is under pressure to regulate the platform.
🧠 Why does it matter?
Hyperliquid adds a layer of credit to its ecosystem, giving HYPE a more direct use case beyond trading. It’s a step toward becoming a complete financial platform, not just a perpetual exchange.
Do you think native loans will push HYPE to new highs? 👇
#Hyperliquid #HYPE #DeFi #analisis #BTC
