Today Hyperliquid launched a credit line for institutional borrowing. Hyperion DeFi, Anchorage, and HyperLend said in a press release that this is the first transaction on the chain.
The collateral is HYPE that is still staked, placed in Anchorage Digital Bank’s qualified custody, so the coins don’t need to be transferred out first.
HyperLend’s CEO said that validators other than the lab and foundation have staked 150 million HYPE. He said this batch is worth more than $10 billion. Previously, people could only withdraw staking rewards and couldn’t use the same assets as collateral at the same time.
The collateral is HYPE that is still staked, placed in Anchorage Digital Bank’s qualified custody, so the coins don’t need to be transferred out first.
HyperLend’s CEO said that validators other than the lab and foundation have staked 150 million HYPE. He said this batch is worth more than $10 billion. Previously, people could only withdraw staking rewards and couldn’t use the same assets as collateral at the same time.