Due to the events that took place on Binance overnight the HyperLend team has run extensive checks and confirmed that there has been no harmful activity on the platform, meaning the protocol has not needed to freeze any markets.
All funds deposited in HyperLend are intact and the protocol has functioned as intended throughout the day.
Our security team is alert and monitoring for any further developments. Any actions made at a protocol level will be communicated from the @hyperlendx and team members accounts if made.
HyperLend
Pooled lending and credit markets on Hyperliquid EVM with over $325M in TVL
3.6/ 5
Our score
Good
Lending model
Pooled
Chains
Hyperliquid
Main collateral assets
HYPEkHYPE
Audited
Yes
Governance token
HPL
What is HyperLend?
HyperLend is a pooled decentralized lending protocol operating natively on the Hyperliquid EVM chain. Users can earn yield on deposits or borrow against HYPE and HYPE liquid staking tokens. Total value locked in the protocol reached approximately $325 million in October 2026.
Leadership and backing
The protocol is led by Chief Executive Officer Nessus, who works alongside risk analysis partner Block Analitica and security partner Hypernative. The HyperLend Strategic Fund manages protocol treasury holdings.
Lending mechanics and cross-chain access
HyperLend operates a pooled lending model using smart contracts with variable rates. Borrowers can access high-efficiency leverage through specialized features such as efficiency mode (E-Mode) for correlated pairings, including HYPE liquid staking tokens against spot HYPE, where loan-to-value limits reach up to 82.7% and liquidation thresholds sit at 90%. Cross-chain depositors can bridge and supply capital directly from external networks into HyperLend pools via an integrated Across Protocol bridge integration. The platform's native governance token is HPL.
Institutional credit expansion
Alongside its pooled lending markets, HyperLend powers Aviya, a dedicated credit venue for institutions. In collaboration with Anchorage, Aviya facilitates permissioned, fixed-rate credit facilities on Hyperliquid EVM for approved institutions.
Audits and platform risks
HyperLend hosts its smart contract audit documentation in a public repository on GitHub. Users face variable borrowing interest spikes during high market utilization and collateral liquidation risk during market downturns.
Best for:Hyperliquid EVM asset holdersHYPE liquid staking loopersInstitutions seeking fixed-rate credit
Pros and cons
Pros
- Over $325M in total value locked on Hyperliquid EVM
- Up to 82.7% loan-to-value ratios for correlated HYPE staking positions
- Single-transaction cross-chain deposits via Across Protocol integration
- Smart contract audit reports published publicly on GitHub
Cons
- Restricted to the Hyperliquid EVM ecosystem
- Borrowing interest rates fluctuate dynamically with market utilization
- Aviya institutional fixed-rate markets are permissioned for approved institutions
Our review
3.6/5
Good
HyperLend offers pooled lending markets on Hyperliquid EVM, with TVL of approximately $325 million as of October 16, 2026.
HyperLend is a pooled lending market on the Hyperliquid EVM network. By deploying a shared pool model, it allows users to deposit funds to earn yield or borrow against supported assets. Total value locked reached approximately $325M in October 2026 across core assets like HYPE and related liquid staking tokens.
Risk parameters are managed actively. For standard HYPE positions, the loan-to-value limit sits at 65.2% alongside an 81.47% liquidation threshold. For correlated assets, HyperLend provides an Efficiency Mode (E-Mode) for HYPE looping, pushing collateral limits higher. The protocol accepts HYPE liquid staking tokens with up to an 82.7% loan-to-value ratio, while kHYPE collateral allows up to 87% with a 90% liquidation threshold. This structure increases capital efficiency for yield strategies, though it raises liquidation exposure if price parity diverges quickly.
The protocol includes an integrated bridging function built with Across Protocol. Depositors can transfer and supply collateral from external networks in a single transaction. Beyond open lending, the team supports Aviya, an institutional credit product developed with Anchorage that offers permissioned, fixed-rate loans. Governance uses the HPL token, while the HyperLend Strategic Fund manages protocol treasury holdings and receives future protocol revenue.
Sources (2)
Specs
| Lending model | Pooled |
|---|---|
| Chains | Hyperliquid |
| Main collateral assets | HYPE, kHYPE · unverified |
| Audited | Yes |
| Governance token | HPL |
| Rates | Variable · unverified |
Not disclosed by the provider: KYC required, Flash loans, Permissionless markets, Bug bounty, Isolated markets, Real-world-asset collateral, Own stablecoin.
Data from the provider's website and public sources. Fees and availability change; confirm on the official site before you sign up.
Key features
Pooled liquidity markets
Depositors pool funds to earn dynamic variable interest while borrowers access liquidity against supported Hyperliquid EVM assets.
High LTV efficiency mode
E-Mode allows correlated assets such as HYPE liquid staking tokens to borrow against HYPE with loan-to-value ratios up to 82.7%.
Cross-chain bridge and supply
An integrated Across Protocol bridge lets users bridge assets from external chains and deposit them into HyperLend pools in one transaction.
Institutional lending through Aviya
Offers compliant, permissioned credit facilities and fixed-rate loans for approved institutions in partnership with Anchorage.
Continuous risk management
HyperLend has published updates to its HYPE market and E-Mode risk parameters.
Inside HyperLend
HyperLend Pooled Markets
The main decentralized lending platform on Hyperliquid EVM where users supply collateral and borrow against dynamic interest rate curves.
Bridge & Supply
A cross-chain deposit feature powered by Across Protocol that lets users transfer and supply assets from external chains in a single transaction.
Aviya
An institutional credit product built in partnership with Anchorage that facilitates permissioned, fixed-rate loans within the Hyperliquid ecosystem.
HyperLend screenshots
What users say about HyperLend
Community discussion notes that the platform enables direct transfers of spot positions to supply positions on HyperEVM.
Based on 1 Reddit posts and comments from the last 12 months, checked Oct 20, 2026. These are posts by users on other sites, not reviews submitted on CryptoReview.
User reviews
No user reviews yet. Have you used HyperLend? Share your experience below.
FAQ
Who leads HyperLend?
HyperLend is led by CEO Nessus, who represents the protocol at public industry events.
What chains does HyperLend support?
HyperLend runs natively on Hyperliquid EVM. Users can also deposit assets from other chains via an integrated Across Protocol bridge.
Does HyperLend require KYC verification?
Aviya institutional products are permissioned, while the main pooled protocol is decentralized.
Has HyperLend been audited?
Yes, HyperLend maintains a public repository of smart contract audit reports on GitHub.
Does HyperLend have a native token?
Yes, HyperLend uses the HPL token for protocol governance, and the HyperLend Strategic Fund manages protocol treasury holdings.
What is E-Mode on HyperLend?
Efficiency Mode supports correlated HYPE and HYPE liquid staking token positions with loan-to-value ratios reaching up to 87%.
Latest from HyperLend on X
There are multiple fake HyperLend accounts currently active on X, with a network of scam accounts advertising them.
The only official HyperLend X accounts are @hyperlendx and @aviyafinance. Always double check account details before clicking any links.
Stay safe and gLend. https://t.co/UliL9AETPU
The only official HyperLend X accounts are @hyperlendx and @aviyafinance. Always double check account details before clicking any links.
Stay safe and gLend. https://t.co/UliL9AETPU
Introducing HPL as Rate Insurance
The HyperLend Strategic Fund has made the decision to burn the HPL fees it has received to date for deploying HPL markets on Hyperliquid. By burning the HPL the HSF has accrued so far the Fund continues to work towards its goal of accruing maximum value to all aspects of the HyperLend protocol.
gLend.
gLend.
The HyperLend team is heading to Singapore.
Come and hear about the future of Hyperliquid's credit layer at our booth at the @Hyperliquid event, or see our CEO @0xNessus speak at the @blockworksDAS and @HLglobal_ events.
gLend.
Come and hear about the future of Hyperliquid's credit layer at our booth at the @Hyperliquid event, or see our CEO @0xNessus speak at the @blockworksDAS and @HLglobal_ events.
gLend.
Recent public posts from @hyperlendx, shown as published. Not reviewed or endorsed by CryptoReview.
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