HyperLend Partners with Pendle for Fixed Yield Options on HYPE Token
HyperLend introduces a new yield mechanism in partnership with Pendle. Users can now:
- Supply HYPE to receive hHYPE tokens
- Use hHYPE in Pendle markets for fixed APY (~14%)
- Split hHYPE into Principal Tokens (PT) and Yield Tokens (YT)
- Choose between fixed rates or variable yield exposure
**Key Features:**
- Capital remains in HyperLend generating base yield
- Forward curve creation enables advanced yield strategies
- Multiple term options (1,3,6 months)
**Important Note:** hHYPE transferred to Pendle cannot be used as HyperLend collateral.
Current fixed APY rates around 14% (subject to market conditions)