You can now borrow stables against your $HYPE without selling it.. another reason to keep money on Hyperliquid
manual borrows are live:
- supply HYPE or BTC as collateral, borrow USDC or USDT
- $10k of HYPE gives up to $6.5k borrowing capacity, subject to caps and available liquidity
- supply USDC or USDT instead and earn interest from borrowers
say you want cash but still want to hold your $HYPE .. now you have that option directly on HyperCore
what interests me is how this could keep more money on the platform.. traders can hold coins, borrow against them and put idle stables to work in the same place
iโm bullish on giving people more reasons to stay, even when theyโre not trading perps..
Hyperliquid
Manual borrows are live on Hyperliquid
Portfolio margin and manual borrows use the same underlying HyperCore infrastructure, with $269M in assets borrowed today.
Users can supply HYPE and BTC as collateral to borrow quote assets (USDC and USDT). Borrowed quote assets pay interest, and supplied quote assets earn interest, with rates set by utilization.