The latest $HYPE retrace is perfect to hoard some and use it to farm the best protocols on HyperEVM
Some of them might become very big as soon as they launch, and the best of them bring great tech along
Let's start from the top 👇
@hyperlendx is the biggest protocol on the chain with $300M in TVL 👇
That means around 30% of the total TVL of the chain is here and you might think that means you're late to it
Quite the opposite, when you thing how much farther can the chain go, and considering that the biggest product is on the way
HLP is one of the strongest financial assets in DeFi as of right now
Hyperlend will tokenize it on HyperEVM and turn it into full onchain liquidity
You'll be able to loop it and leverage its already great APR
▶️ There will also be Liquid Perpetual Positions
You'll be soon able to open leveraged positions on HyperEVM and use them as collateral in the isolated pool section
- Open a position with $USDC
- It gets transfered to @HyperliquidX L1
- It gets used to open a future position
And these are just the official stuff that we know of
▶️ Hyperlend is one of the first protocol that have gone live on the EVM
They have enough funds to cook pretty great things
If you decide to start farming on it, you have quite a good range of options:
You can lend $HYPE, $USDe and $sUSDe (Ethena), $USDT, $UBTC and $UETH (Unit), and $wstHYPE
Keep in mind that you'll have to find room for it, the cap do fill up often
And don't forget to claim the daily points to climb faster on the leaderboard, they get added to your regular points once a week
▶️ The main fundamentals of Hyperlend are forked from @aave
But there will be many innovative solutions built specifically for the $HYPE ecosystem
