HyperLend

HyperLend is the largest lending protocol on Hyperliquid's HyperEVM blockchain by total value locked, positioning itself as the "banking infrastructure" of the Hyperliquid ecosystem. Launched on mainnet in March 2025, HyperLend offers a dual-pool lending architecture — Core Pools modeled on Aave v3 for capital-efficient multi-asset markets, and Isolated Pools forked from FraxLend v3 for two-token, risk-isolated pair markets. As the first project to integrate Chainlink Data Streams on Hyperliquid, HyperLend has established itself as the institutional-grade lending backbone for the HyperEVM DeFi stack.

Lending and borrowing protocols are essential infrastructure on Hyperliquid, unlocking capital efficiency by allowing users to borrow against staked assets and perp positions. HyperLend contributes to this category where protocols enable recursive yield strategies — stake HYPE, deposit LSTs as collateral, borrow stablecoins, and redeploy. The unified state between HyperCore and HyperEVM makes Hyperliquid lending uniquely capital-efficient.