HyperLend Launches Veto Council to Strengthen Protocol Security
HyperLend Launches Veto Council to Strengthen Protocol Security
🛡️ New safety net deployed
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.
As part of our pursuit of continually refining and upgrading protocol security measures HyperLend is today introducing our newly created Veto Council. The Veto Council is a protective board made up of close partners, investors and key Hyperliquid community members. The Council
HyperLend Grows 34.6% While DeFi Lending Market Contracts 25% in Q2
**Market Divergence in DeFi Lending** While the broader DeFi lending sector experienced its third consecutive quarter of decline with deposits falling 25% in Q2 2026, HyperLend bucked the trend with significant growth. **HyperLend's Performance** - Deposits increased 34.6% to reach $672.7M - Achieved double-digit growth across multiple metrics - Maintained strong positioning despite bearish market conditions This marks a notable divergence from the overall market, with HyperLend continuing to establish itself as a leading lending venue within the Hyperliquid ecosystem's Credit Layer. *Source: [Blockworks](https://blockworks.co)*
🔍 One Staker Hits 4480% APR
**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.
🏦 Aviya Launches Institutional Credit Platform on Hyperliquid
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 Launches HPL/USDC Market as USDH Winds Down
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).