It's been 3 months since we launched the Stake & Save program, so its time for our first ever HPL Staking quarterly review. Over the first 3 months of the Stake & Save program borrowers have been paid out over $40,000 in borrow rebates, which equates to approximately 18% of protocol revenue over this time. Annualised, this averages out to approximately 11.6% APR across all HPL staked on HyperLend. Our most successful Saver is earning ~4480% APR on their staked HPL, having purchased their staked tokens early in the program and kept up a significant borrow position almost in perpetuity over the quarter. HPL is designed to accrue value through and for borrowers on HyperLend. As borrow demand grows on HyperLend, HPL is designed to grow with it, a feature we’ve already seen in practice on days where rates have spiked due to market activity. We’re very happy with the way the market has adopted HPL staking on Core Markets and we’re excited to roll out further borrowing opportunities that benefit from the mechanic over the rest of the year. gLend and happy saving.