The more I interact with @hyperlendx, the more I think that it might just be the most powerful lending primitive on-chain right now
Built on @HyperliquidX, it brings speed & next-level capital efficiency to DeFi lending
Let’s dive into why it's worth interacting with 🧵👇
To begin with, what exactly is @hyperlendx?
HyperLend is a DeFi lending protocol designed for traders, quants, and market makers, built to maximize capital efficiency without compromising speed/security
It’s everything crypto lending should be: fast, flexible, and fully transparent
At its core, @hyperlendx lets you:
→ Earn passive yield by supplying assets
→ Borrow against your crypto without selling
→ Use leverage through isolated or core lending pools
→ Loop positions with one-click leverage
→ Claim rewards & earn points daily
All on @HyperliquidX
As for some of the features that matter:
◆ Core & Isolated Pools: Pick capital-efficient multi-asset pools/safer two-asset markets
◆ E-Mode: Borrow with higher LTV using correlated assets like stablecoins for more efficiency
◆ HyperLoop: Use flashloans for instant leveraged positions in one step
◆ Borrow Against L1 Assets: Use tokens like $HYPE or uBTC as collateral without bridging issues
Moving on to their rewards & points system 👇
Users earn points on @hyperlendx through:
→ Daily Claims (based on rank)
→ Lending/Borrowing assets
→ Depositing assets in HLP vaults
→ Looping with HyperLoop
→ Hypio NFT multipliers
→ Testnet OG multipliers
→ Referral boosts
The best part?
Zero Fees on Deposits + Withdrawals
@hyperlendx takes no cut from the user directly when depositing or withdrawing.
Instead, protocol revenue comes from:
→ Reserve fees (from interest)
→ Liquidation fees
→ Flash loan fees (0.04%)
Now that we've covered most of what's important and must knows, let's get to the juicy part:
✦ How to earn points & passive APY while having exposure to $HYPE
✦ How to loop
✦ How to earn points & passive APY while having exposure to $HYPE
One of the strategies I use is basically lending/borrowing $HYPE & $USDT0 based on where I see the markets going
For reference, let's assume that $HYPE is likely to head to $48-50s before $38-40s
In this case 👇
So my plan would be to:
→ Head to:
→ Buy & Lend $HYPE at CMP on @hyperlendx -> borrrow $USDT0 -> buy more $HYPE -> Buy $kHYPE (or lend it back on Hyperlend for more points + better LTV ratio + APY)
→ Around $48-50s: I swap back $kHYPE to $HYPE -> repay USDT0 debt -> Get back my $HYPE (+ upside) -> Swap all for USDT0
Now assuming I want to trade it to the downside as well:
→ Lend USDT0 -> Borrow $HYPE -> Swap for USDC -> Lock that in @liminalmoney
→ Once price is around $38-40s: Remove funds from Liminal (+ APY) -> Swap back to $HYPE (for cheaper) -> Repay debt to get back USDT0 (+ upside)
After this, I can just buy more $HYPE around those levels & repeat the same loop for upside, or use it for something else
Now that @kinetiq_xyz is live, here's exactly what I'm doing and making the best of it (with a complete video guide):
Started off by staking HYPE for kHYPE on Kinetiq (likely counts towards kPoints but can use others like @prjx_hl or @HyperSwapX to swap HYPE + other assets for kHYPE)
Now, how I split those (Assuming you're putting in $1K):
👉 $250: LPing HYPE/kHYPE on @prjx_hl
👉 $150: Borrowing HYPE against kHYPE (borrow 80% of your lending amount) on @felixprotocol, @HypurrFi, @hyperlendx, or @0xHyperBeat
👉 $300-500: Keeping some aside to lock into @ValantisLabs
👉 $200-500: Staking in @0xHyperBeat in wHYPE vault
PS: You can also hold some funds in kHYPE and/or use borrowed hype to farm protocols like @hyperunit if you want to stick to a few rather than too many
Found this to be the best possible way to get exposure while farming various dApps at once (Assuming all you have is $1K)
While there's a lot more that I'm doing, I've covered most of it in the video below, and if you're farming and interacting with @HyperliquidX eco as well, let me know what you're doing with your kHYPE in the comments 👇
Links/referrals:
- @kinetiq_xyz:
- @prjx_hl: (10% bonus points)
- @felixprotocol:
- @HypurrFi: (Extra 5% points)
- @hyperlendx:
- @0xHyperBeat:
- @ValantisLabs:
Complete breakdown video with steps 👇
✦ How to loop
There are various ways to loop this with other protocols, and while we've covered 2 of those (one above and one in 🧵 below), let's take a look at some other options 👇
→ @liminalmoney x @hyperlendx x @kinetiq_xyz loop: Use the strategy shared above
→ @prjx_hl x @kinetiq_xyz x @HyperSwapX x @hyperlendx loop: In the 🧵 above
→ @felixprotocol x @liminalmoney x @hyperunit x @hyperlendx loop: Lend HYPE & borrow wHYPE on Hyperlend (90% LTV) -> Lend wHYPE on Felix to borrow USDT0 -> Swap USDT0 on Hyperliquid for USDC -> Use 50% on Liminal pool (strategy in 🧵 below) + 50% to farm UNIT
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