HyperLend Adds USDH Borrowing Against HYPE Collateral

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.

Hyperliquid has paired HPL with USDH to reduce trading costs on the platform. **Key Details:** - The pairing aims to provide the **lowest possible trading fees** for HPL transactions - Operates under the Aligned Quote Asset (AQA) framework - Yield generated by USDH flows to the Assistance Fund **Context:** This follows Hyperliquid's August 2025 activation of multi-quote asset spot trading, which allowed base assets to pair with various quote assets beyond the original options. More information: [AQA Documentation](https://hyperliquid.gitbook.io/hyperliquid-docs/hypercore/aligned-quote-assets)

**HPL, the native token of HyperLend credit protocol, is set to launch on Hyperliquid exchange.** The token will be paired with USDH, a stablecoin by Native Markets, marking the official debut of HyperLend's governance and utility token. **Key Details:** - HPL serves as the token for HyperLend, a credit protocol built specifically for the Hyperliquid ecosystem - Trading will be available on the Hyperliquid exchange platform - The USDH pairing provides a stable trading option for users This launch follows the initial announcement of HPL in January, bringing the token from concept to active trading. The integration represents another step in expanding Hyperliquid's DeFi infrastructure with native lending capabilities.

HyperLend has announced an additional **150 million points allocation** to users who maintained consistent engagement with the protocol following the initial 300 million point distribution. **Key Details:** - Points reward users who demonstrated persistent activity on the platform - Users staking with the [@hypurr_co](https://twitter.com/hypurr_co) validator while staying active on HyperLend receive a **percentage boost** to their points - The allocation reflects HyperLend's focus on long-term ecosystem alignment The protocol has been tracking user activity in the background to identify and reward genuine participants. This follows previous distributions where 425M Hypurr points and 39.5M HyperLend points were allocated, with 100% of points going to LHYPE users. Users can check their points allocation at the [Looping Collective portal](https://www.loopingcollective.org/loopdrop).

**HyperLend** has listed a new asset: **Pendle PT-kHYPE** expiring March 19, 2026, developed by Pendle Finance and Kinetiq. **Key Features:** - Earn up to **25% APY** through E-Mode looping - Access to **$30 million in HYPE** borrowing at sub-1% rates - Users can loop positions to maximize returns **Important Limitations:** - PT-kHYPE can only be **supplied for yield** - borrowing not available - Market volatility may impact collateral value - Risk of liquidation and depeg events This follows previous PT-kHYPE listings, showing continued expansion of yield farming options on the platform. [Access the market](https://app.hyperlend.finance/markets/0xea84ca9849D9e76a78B91F221F84e9Ca065FC9f5)