Hyperlend reaches $100M in USDC deposits, signaling growing adoption of the lending protocol.
DeFi & Yields ·
HyperLend has reached $100 million in USDC deposits, marking a milestone for the lending protocol. The protocol, described as the Credit Layer of Hyperliquid, powers institutional credit alongside Aviya Finance.
Concurrent with the deposit milestone, HyperLend is launching Season 1 of its $HYPE Treasury unlock rewards program on July 26. Users must maintain their positions for a minimum of 90 days to qualify for Interest Crates eligibility, with compounding rewards available for tracking.
The deposit figure reflects activity in a single stablecoin pair and does not indicate total protocol value locked or broader usage metrics across other assets.