PERP.WIKI

Timeswap vs Zellic

Hyperliquid ecosystem comparison · Lending & Borrowing

Best for Borrowers
Different Focus Areas

Quick Take

Timeswap Oracle-less, non-liquidatable lending protocol on HyperEVM on HyperEVM, while Zellic Rising star blockchain security firm with deep DeFi and cryptography expertise on Multi-Layer. They serve different niches in the Hyperliquid ecosystem.

Based on public data for Timeswap and Zellic. Key differentiators: layer deployment, fee structure, liquidity depth, and community adoption. Last reviewed: Mar 2026.

Overview

Timeswap logo

Timeswap

Timeswap is a fully decentralized, oracle-free lending and borrowing protocol deployed on HyperEVM. It solves one of DeFi's most persistent structural problems: the fragility of oracle-dependent liquidation systems, which expose borrowers to cascading liquidations during volatile markets. Timeswap replaces this model with a novel three-variable AMM — balancing principal, interest, and collateral — that allows lenders and borrowers to set their own terms without relying on external price feeds. Borrowers deposit collateral and select a maturity date; if the loan is repaid before maturity, they reclaim their collateral in full. If not, the collateral transfers to lenders — creating a liquidation-free experience where the worst-case outcome is transparent and defined upfront. This design makes Timeswap uniquely well-suited for long-tail and volatile assets that oracle-dependent protocols cannot safely list. On HyperEVM, Timeswap gains access to Hyperliquid's deep liquidity, active trader community, and expanding DeFi ecosystem, enabling it to serve assets native to the chain. For yield seekers, it offers fixed-rate lending with clearly defined risk parameters; for borrowers, it removes the anxiety of unexpected liquidation.

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Zellic logo

Zellic

Zellic is a rapidly growing blockchain security firm that combines deep smart contract expertise with strong cryptographic and systems security knowledge, serving protocols across EVM ecosystems including HyperEVM. Founded by top competitive CTF players, Zellic's team brings an attacker's mindset to every engagement, proactively identifying vulnerabilities in complex DeFi protocols, cross-chain bridges, and financial primitives. Zellic has audited hundreds of millions in TVL across lending protocols, DEXes, and infrastructure projects—many architecturally similar to what is being built on Hyperliquid. Their reports are known for clear vulnerability disclosure with actionable remediation guidance. For HyperEVM projects seeking an audit firm with fresh perspectives and a strong track record in cutting-edge DeFi security research, Zellic provides rigorous assessment that complements the traditional audit landscape and has earned a reputation as one of the most thorough firms for complex protocol reviews.

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Feature Comparison

FeatureTimeswap logoTimeswapZellic logoZellic
LayerHyperEVMMulti-Layer
CategoryLending & BorrowingSecurity & Audits
StatusActiveActive
Launch Year2025
Websitetimeswap.iozellic.io
Twitter@TimeswapLabs
GitHubNot publicNot public
VerifiedUnverifiedUnverified
Tags
lendingoracle-lessfixed-ratenon-liquidatableTIME

Score Comparison

TimeswapZellic
Open Source
Timeswap
Not public
Zellic
Not public
Verified
Timeswap
Unverified
Zellic
Unverified
Ecosystem Breadth
Timeswap
5 tags
Zellic
0 tags
Maturity
Timeswap
Since 2025
Zellic
Unknown

Feature Matrix

FeatureTimeswap logoTimeswapZellic logoZellic
Open Source
Verified
Has Website
Has Twitter
Has GitHub
Active Status

Key Differences

Layer Architecture

Timeswap operates on HyperEVM (evm smart contracts on hyperliquid l1), while Zellic runs on Multi-Layer (spans multiple hyperliquid layers). This affects composability, transaction speed, and the types of integrations each protocol supports.

Category Focus

Timeswap is focused on lending & borrowing, while Zellic targets security & audits. They serve different user needs within the Hyperliquid ecosystem.

When to Use Each

Choose Timeswap if you...

  • Want a lending & borrowing solution on HyperEVM
  • Need features like lending and oracle-less
  • Need: Oracle-less, non-liquidatable lending protocol on HyperEVM

Choose Zellic if you...

  • Want a security & audits solution on Multi-Layer
  • Need: Rising star blockchain security firm with deep DeFi and cryptography expertise

Ecosystem Integration

Timeswap logo

Timeswap

Timeswap operates on HyperEVM (evm smart contracts on hyperliquid l1). As a HyperEVM protocol, it can compose with other EVM-based DeFi primitives and leverage smart contract flexibility.

Zellic logo

Zellic

Zellic operates on Multi-Layer (spans multiple hyperliquid layers). Spanning multiple layers lets it combine the strengths of each, though integration complexity is higher.

Community Verdict

Which do you prefer?

Share your experience with Timeswap or Zellic to help others in the Hyperliquid community make better decisions.

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