HyperLend introduces HPL as rate insurance

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.