HyperLend

HyperLend HYPE Core Market

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

$148.64m+0.41%

Supply APY

0.59%+43.59%

CCCRated Protocol

Updated Mar 11, 2026

Risk Rating

CCC

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This rating is based solely on publicly available information. 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.

SCS: Smart Contract Security

KMP: Key Management Permissions

M: Market

L: Liquidity

C: Collateral

PM: Protocol Mechanics

ICE: Infra Counterparty Exposures

PCE: Protocol Counterparty Exposures

G: Governance

FR: Financial Resilience

TLC: Team Legal Compliance

DT: Documentation Transparency

Potential Score

Provider risk assessed across Business, Operations, Reliability, and Security.

View the detailed scoring breakdown

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Contract Addresses

Smart Contract

0x00a8...1a8b

hHYPE

0x0D74...bD34

TimelockA

0xaAaa...7879

ACLManager

0x1091...a04A

LendingPool

0x00A8...1A8b

EmergencyAdmin

0xC2A0...7cAc

TreasuryMultisig

0xCBF4...3d7b

GovernanceMultisig

0x2110...8E9C

PoolAddressesProvider

0x72c9...170C

Key Strengths

Three independent security audits from top-tier firms covering all core contracts
Verified GnosisSafe multisig governance with TimelockController enforcement for all admin actions
Open-source codebase built on battle-tested Aave v3 architecture with inherited safety mechanisms
Multi-oracle redundancy using Hyperliquid native, Pyth, and RedStone data feeds
Hypernative partnership providing real-time monitoring and automated incident response
Fully non-custodial with all user assets held in on-chain smart contracts and no confirmed exploits

Key Risks

Multisig signer threshold, count, and identities not publicly disclosed despite controlling all protocol upgrades
No token-based governance with the HPL token not yet live, leaving decision-making centralized in team-controlled multisig
Timelock delay durations not publicly documented, preventing independent verification of governance safeguards
Small team with limited financial transparency and key-person concentration risk
Protocol untested under severe market stress with less than 12 months of operational history