HyperLend HYPE Core Market is a lending pool on Hyperliquid's HyperEVM for supplying and borrowing HYPE. Yield comes from borrower interest payments on the Aave v3-forked protocol, governed by team-controlled multisig with timelock enforcement.
AUM
$220m
Net APY
0.61%
Active Users
9k
Type
Lending
Network
Hyperliquid
CCC
High RiskCeiling A
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CurrentPotential
This rating is based solely on publicly available information. DeFi protocol risk assessed across Security, Strategy and Operations on the AAA–D scale. The range from CCC to A reflects the gap between the current assessment and the potential rating achievable if all identified improvement areas are addressed.
SCSSmart Contract Security82
KMPKey Management Permissions65
MMarket61
LLiquidity56
CCollateral56
PMProtocol Mechanics70
ICEInfra Counterparty Exposures56
PCEProtocol Counterparty Exposures83
GGovernance33
FRFinancial Resilience42
TLCTeam Legal Compliance40
DTDocumentation Transparency52
Performance
Assets Under Management · 30D▼ 0.07%
$220m
Over the last 30 days, the total value of HyperLend HYPE Core Market has dropped 0.07% with $148.24K in outflows.
Supply APY · 30D▼ 67.33%
0.61%
Over the last 30 days, the APY has decreased from 1.88% to 0.61%.
Active Users · 30D▼ 0.36%
9k
Over the last 30 days, active users have decreased by 0.36%, reaching 9.2K wallets.
Market Details
ChainHyperliquid
Utilization Rate78.27%
LTV60%
Max LTV77.77%
Liquidation Threshold75.2%
Max Liquidation Threshold87%
TreasuryNot reported
Code AuditsZellic ↗
Oracles UsedRedStone ↗
Protocol BaseAave v3
Stated Withdrawal TimeInstant
Component Ratings
Contract Addresses
Smart Contract0x00a8...9a1a8b
WHYPE0x5555...555555
hHYPE0x0D74...16bD34
TimelockA0xaAaa...D17879
ACLManager0x1091...00a04A
LendingPool0x00A8...9A1A8b
EmergencyAdmin0xC2A0...db7cAc
TreasuryMultisig0xCBF4...E43d7b
Key Strengths
S1Three independent security audits from top-tier firms covering all core contracts
S2Verified GnosisSafe multisig governance with TimelockController enforcement for all admin actions
S3Open-source codebase built on battle-tested Aave v3 architecture with inherited safety mechanisms
Key Risks
R1Multisig signer threshold, count, and identities not publicly disclosed despite controlling all protocol upgrades
R2No token-based governance with the HPL token not yet live, leaving decision-making centralized in team-controlled multisig
R3Timelock delay durations not publicly documented, preventing independent verification of governance safeguards
R4Small team with limited financial transparency and key-person concentration risk
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