Hyperliquid launches manual lending backed by HYPE and Bitcoin
- —$269 million in loans attracted on launch day backed by HYPE and BTC
- —Maximum LTV: 65% for HYPE and 50% for BTC
- —Rates are floating, depend on utilization, and update every hour
- —The launch coincided with HYPE's all-time high of $90.92
Why it matters: The service creates direct demand for HYPE and BTC as collateral and expands Hyperliquid's lending infrastructure beyond portfolio margin.
Source: Crypto Daily