Hyperliquid lending protocols · SwanBluechip
Borrow against HYPE and bridged assets, supply for yield. HyperEVM lending stack — distinct from HL native vaults.
3
projects tracked
7/10
top score (HyperLend)
2
Strong+ tier
All Lending projects, ranked
#1
HyperLend
Lending backbone of HyperEVM. Weekly XP system, 13-level referral structure.
7/10 · Strong
#2
HypurrFi
Lending and borrowing on HyperEVM with both pooled and isolated markets. Issues USDXL, a leverage-loop synthetic dollar backed by hybrid collateral.
7/10 · Strong
#3
Sentiment
First protocol to accept perp positions as collateral. No points program confirmed — watch for an announcement.
4/10 · Early
Questions
What is the best lending protocol on Hyperliquid?
HyperLend and HypurrFi are the top-rated lending markets, both Strong (7/10) on the SwanBluechip Score. HyperLend has more TVL and a 13-level referral structure; HypurrFi is positioned as the alternative with its own incentive program. Sentiment is earlier-stage at 4/10.
Can I borrow HYPE on Hyperliquid?
Yes — HyperLend and HypurrFi both support HYPE as collateral and borrowable asset, alongside wstHYPE, UBTC, and stablecoins.
What is the lending APY on Hyperliquid?
APYs vary with utilization. The /ecosystem/yields/ page tracks live APY per pool across all HL lending protocols sourced from DefiLlama.