Hyperliquid Launches Manual Borrowing Feature

Hyperliquid has launched a manual borrowing feature, allowing users to lend and borrow various tokens, with $269 million borrowed on the first day.

Mercation Admin

September 18, 2026 1 min read

Hyperliquid Launches Manual Borrowing Feature

On September 18, the decentralized exchange Hyperliquid introduced a manual borrowing feature on HyperCore. This allows users to lend their assets for interest or collateralize HYPE and Bitcoin to borrow USDC, USDT, and other tokens. Within the first day, the total amount borrowed reached $269 million.

According to Hyperliquid co-founder Jeff Yan, the service is integrated with perpetual futures and spot trading through portfolio margin. The interest rates are influenced by liquidity utilization.