🔄 HPL-USDH Pairing Launches

Aviya, a compliance-gated credit venue, has launched on Hyperliquid to provide structured credit access for institutional participants. **Key Features:** - Facilitates bilateral, fixed-rate financing against HYPE collateral - Offers a controlled alternative to permissionless lending while maintaining on-chain efficiency - Plans to expand into additional asset classes including tokenized equities, commodities, and fixed-income instruments **Strategic Vision:** Aviya is positioned as a core component of HyperLend, serving as the credit layer for the Hyperliquid ecosystem. The platform aims to enable capital formation and structured financing across both native and future tokenized assets. The launch deepens collaboration with [Hyperion DeFi](https://twitter.com/HyperionDeFi) on institutional business development and capital formation, building on their March 2026 partnership that introduced compliance-gated private pools for large-scale entities.

Hyperliquid has deployed a new trading market pairing HPL with USDC as USDH gradually phases out its deployment. **Key Changes:** - Most HPL liquidity is being transferred to the new HPL/USDC market - This market now offers the deepest liquidity for HPL trading - The existing HPL/USDH market will remain operational for now - Full liquidity support will gradually transition to the USDC pair The move reflects the broader shift away from USDH while maintaining trading continuity for HPL holders. Traders can access the new market at [app.hyperliquid.xyz/trade/HPL/USDC](https://app.hyperliquid.xyz/trade/HPL/USDC).

**HyperLend is discontinuing USDH borrowing and lending** following USDH's announcement to wind down operations on Hyperliquid. **Key Timeline:** - Within 48 hours: Users will no longer be able to supply or borrow USDH on HyperLend - The market will eventually close completely **What Users Should Do:** - Repay any outstanding USDH loans proactively - Consider swapping USDH for USDC on the HyperCore spot orderbook - Zero-fee redemption options available at [USDH.com](http://USDH.com) **Other Platforms:** - Felix USDH-denominated HIP-3 markets remain active for now - USDH deposits on Felix Vanilla unchanged - Timeline for USDH Frontier and Flagship vault sunsets coming soon HyperLend thanked Native Markets for their contributions to the Hyperliquid ecosystem.

HyperLend has completed its upgrade to Aave v3.6 following an agreement with the Aave DAO. **Key Updates:** - Enhanced e-mode functionality for increased user optionality - Multiple security hardening measures implemented - Protocol resilience improved **Security Process:** - Two independent audits conducted (Pashov Audit Group and additional auditor) - Partnership with Block Analitica for ongoing safety monitoring - 7-day timelock and review period instituted - $250k mainnet bug bounty program activated during review The upgrade builds on recent LTV adjustments that improved borrowing rates for HYPE, USDC, kHYPE, and uBTC.

HyperLend has launched HPL token staking as part of its credit layer infrastructure on Hyperliquid. **Key Features:** - **Stake and Save** - A fee rebate product that reduces borrowing costs for users - Rebates scale progressively based on the amount of HPL tokens staked - Larger borrows generate larger savings, up to a defined ceiling - Initial parameters allow users to borrow against HYPE at near-zero rates The staking mechanism aims to position HyperLend as Hyperliquid's primary credit layer by offering competitive borrow rates. This represents the first utility implementation for the HPL token, which was announced in January 2026. The fee rebate structure creates an incentive for users to stake HPL tokens while borrowing, effectively lowering their cost of capital through the platform.