🏦 Aviya Launches Institutional Credit Platform on Hyperliquid

**HyperLend has surpassed $100 million in USDC deposits**, marking continued growth while the broader DeFi lending market contracts. - DeFi lending deposits fell 25% in Q2 2026, the third consecutive quarter of decline - HyperLend's total deposits grew 34.6% to $672.7M in Q2 - The platform's USDC deposits specifically crossed the $100M milestone on July 23 - This follows steady growth from $1M in USDC deposits on Morpho in January HyperLend demonstrates resilience with double-digit growth across multiple metrics while competitors face bearish conditions. The platform's performance suggests users are consolidating funds into protocols they view as more reliable during market uncertainty.

**HyperLend is shutting down its USR market on August 10, 2026**, following the end of the USR recovery process in late August. The protocol will forcefully liquidate two borrowers with over 100 USR borrowed if they fail to repay by the deadline. Total USR debt on the platform is under $2,000, with no loans backed by it, presenting minimal protocol risk. **Key details:** - Liquidations will execute at $0.50 USD per USR (above market price) - Two affected wallets: 0x95388a9c868c8a68fe81dee7c2a9b556ec6fa5a8 and 0xfe904ae4a2dfcca42c50607a254ec33d6926cf29 - Remaining debt under $10 will be covered by HyperLend treasury - Liquidations may trigger taxable events depending on jurisdiction **For USR suppliers:** No immediate action required. While market utilization is at 100%, users can swap to USR using the [Escape Hatch function](https://app.hyperlend.finance/markets/0x0aD339d66BF4AeD5ce31c64Bc37B3244b6394A77). Withdrawals will be available after liquidations complete. Affected borrowers are advised to repay positions before the August 10 deadline to avoid forced liquidation.

HyperLend has introduced a Veto Council as an additional security layer for its protocol. **Key Details:** - The Council comprises partners, investors, and Hyperliquid community members - Functions as a protective backstop with authority to cancel queued multisig transactions - Designed to prevent unauthorized actions if Core Team accounts are compromised - Part of HyperLend's ongoing security enhancement efforts The move follows similar governance structures in DeFi, such as Scroll's recent Security Council launch, which operates a 9/12 multisig for protocol oversight.

**HyperLend's Stake & Save Program: Q1 Results** After three months, HyperLend's Stake & Save program has distributed over $40,000 in borrow rebates to users. This represents 18% of total protocol revenue during the period. **Key Metrics:** - Average annualized return: 11.6% APR across all staked HPL - Top performer: One user achieved ~4480% APR by staking early and maintaining a large borrow position - HPL token designed to grow alongside borrowing demand on the platform The program allows borrowers to stake HPL tokens and receive fee rebates, effectively reducing their borrowing costs. Rebates scale with the amount of HPL staked, with some users able to borrow against HYPE at near-zero rates. HyperLend plans to expand borrowing opportunities using this mechanism throughout the year.