HyperLend

HyperLend has submitted a proposal to the Aave DAO to deploy a further friendly fork of Aave V3 on the Elysium L2. The proposal was posted to the Aave governance forum, with HyperLend saying its share of fees from the deployment would be used entirely to buy back HPL tokens from the market.

• Marks HyperLend's expansion beyond Hyperliquid into Elysium, an L2 network.
• Fee-funded HPL buybacks add another token utility alongside the recently introduced rate-insurance role.
• Full proposal available in the Aave governance forum.

After events on Binance overnight, the HyperLend team said it ran extensive checks and confirmed no harmful activity on the protocol, with no markets frozen. The team stated all funds deposited in HyperLend remain intact.

HyperLend warned its community that multiple fake accounts impersonating it are currently active on X, promoted by a network of scam accounts. The team identified @hyperlendx and @aviyafinance as the only official HyperLend accounts on the platform.

• Users are urged to double-check account details before clicking any links.
• The warning echoes a common pattern of impersonation aimed at phishing or promoting fraudulent offers in the Hyperliquid ecosystem.

HyperLend unveiled a new role for its HPL token: rate insurance for borrowers and lenders on its lending protocol. HPL holders can use the token to hedge against interest-rate volatility, adding a utility on top of the venue's lending markets.

• HPL rate insurance lets market participants lock in or hedge borrowing costs.
• Expands the HPL token's use case beyond governance within the Hyperliquid ecosystem.

Aviya Finance debuted a new look as a lending venue powered by HyperLend in the Hyperliquid ecosystem, a permissioned marketplace for approved institutions to access credit facilities, starting with fixed-rate loans. Aviya signed Anchorage as the venue's exclusive qualified custodian.

Aviya has now originated its first institutional credit facility: HyperionDeFi is providing a $1 million USDC line of credit to a borrower, secured against natively-staked HYPE held in qualified custody at Anchorage. Hyperion called it the first institutional credit facility on Hyperliquid.

HyperLend Labs acquired 5,017,336.42 hyperlend:native tokens in an OTC transaction, a move the team framed as a strategic decision. The tokens' use — whether for the protocol treasury, market support, or burn — was not detailed in the announcement, which came via a retweeted update from HyperLend Labs.

• Buyback/OTC purchase of 5.02M hyperlend:native tokens
• Purported purpose described only as "strategic"

HyperLend has introduced a Bridge function powered by @AcrossProtocol, letting users bridge and supply any supported asset into HyperLend from any chain Across supports in a single transaction. Depositors pick their deposit asset and the destination chain inside the HyperLend flow, removing the need to manually bridge tokens beforehand.