Crypto

Hyperliquid Opens Manual Borrowing Against HYPE and Bitcoin Collateral

Guavy AI Editorial Team Published September 20, 2026

Instruments

HYPE BTC USDT USDC

Hyperliquid has launched manual borrowing against HYPE and Bitcoin collateral, allowing users to take direct stablecoin loans against their holdings.

The feature uses HyperCore infrastructure and extends borrowing beyond the platform's automated portfolio-margin system. Users can post HYPE or BTC as collateral and borrow USDC or USDT, with maximum loan-to-value ratios of 65% for HYPE and 50% for BTC.

Borrowing rates vary with utilisation, while supplied quote assets earn interest. Interest on borrowed assets accrues continuously, and rates are updated hourly. The differing LTV caps set distinct borrowing capacity for HYPE and BTC holders from the outset.

The rollout coincided with HYPE reaching an all-time high of $90.92 on September 18, according to Cointelegraph. The reported $269 million borrowed on launch day suggests strong interest in the new feature.

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