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.

Lending and borrowing protocols are essential infrastructure on Hyperliquid, unlocking capital efficiency by allowing users to borrow against staked assets and perp positions. Timeswap 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.