HyperLend

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.

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)

The crypto market just experienced **record-breaking volatility** with extreme price swings and trading volumes over the past 48 hours. **HyperLend's Performance:** - Maintained 100% uptime throughout the chaos - Processed all loans, repayments, and supply transactions without interruption - Handled over **$5 million in liquidations** seamlessly This period served as a **major stress test** for the lending protocol, demonstrating the robustness of its infrastructure during extreme market conditions. The successful operation during such turbulent times proves HyperLend's reliability when users need it most.