Hyperliquid Unlocks Manual Borrows for HYPE and BTC

Hyperliquid has launched manual borrows against its native HYPE token and Bitcoin. Users can borrow USDC and USDT quote assets using their supplied collateral. The total assets borrowed have reached $269 million as of today.

The borrowing feature is available to Manual/Standard and Unified Account users, with portfolio margin accounts having automated borrowing enabled. HYPE has a loan-to-value (LTV) of 65%, while Bitcoin's LTV stands at 50%. The partial liquidation threshold for HYPE is 82.5%, and for Bitcoin it is 75%.

Hyperliquid retains 10% of borrowed interest as a buffer for future liquidations, distributing the interest paid by borrowers proportionally to suppliers.