With final markets settling across the Hyperliquid ecosystem we would like to remind our users of the pending shutdown of USDH. HyperLend recommends that users repay any outstanding USDH debt and convert any supplied USDH to USDC. See QT for methods to convert USDH.

New HPL Market: HPL/USDC With USDH slowly winding down its deployment a new market has been deployed on Hyperliquid pairing HPL with USDC. The majority of HPL liquidity will be moved over to this market, making it the trading venue with the deepest liquidity for HPL at this time. The HPL/USDH market on Hyperliquid will remain available for the forseeable future, with a plan to sunset and transition full liquidity support to the USDC pair over time.

Sunsetting USDH on HyperLend In light of todays announcement that USDH will begin winding down operations on Hyperliquid we have made the decision to begin the process of sunsetting USDH borrowing and lending on HyperLend. Within 48 hours users will no longer be able to supply or borrow further USDH on HyperLend as we look to wind down and eventually close this market. We encourage our users to be proactive in repaying any USDH loans they hold. @nativemarkets have been a pleasure to work with and a positive force in the Hyperliquid ecosystem and we wish the team all the best moving forward. As in all things DeFi, Hyperliquid will win in the end. gLend.

"HyperLend exits Q1 2026 as the leading lending venue in the Hyperliquid ecosystem" Hyperliquid's Credit Layer continues to establish itself as a core piece of the house of all finance. Read the full report from @Blockworks below.

HyperLend has completed it's upgrade to Aave v3.6 as per our agreement with the Aave DAO. The v3.6 upgrade centres around e-mode, allowing the protocol to offer more optionality to its users in this mode in the future. This upgrade also includes multiple security hardening measures, making the protocol more resilient. HyperLend is committed to continual renewal and improvement of our protocol, working with Block Analitica (@BlockAnalitica) to ensure user safety is paramount. We conducted two audits, one with Pashov (@PashovAuditGrp) and one with an independent auditor, before scheduling the upgrade. We then instituted a 7-day timelock and review period, during which the code became eligible for our mainnet bug bounty program of $250k. HyperLiquid's Credit Layer remains stronger than ever. gLend

In light of recent events, we at HyperLend want to extend our sincere support to those affected, these are truly difficult times, and our DMs are always open if anyone wants to talk. HyperLend had no exposure and all flows have continued processing smoothly. If you have any concerns whatsoever, please don't hesitate to reach out, we're happy to walk you through everything. Enjoy the rest of your Sunday, HL fam.

HyperLend is proud to announce our inaugural institutional product in collaboration with Hyperion, the first publicly-listed Hyperliquid DeFi company This partnership introduces compliance-gated private pools and dedicated credit facilities, allowing large-scale entities to borrow against HYPE. By unlocking these avenues, we are tapping into billions in dormant capital and building the foundation for the house of all finance. Institutional capital is ready, and so are we. gLend.