There is finally a good money market on @HyperliquidX that turns tokens into instant, looping assets all inside a sub-second block. @hyperlendx is shaping up to be the capital engine on Hyperliquid, turning every idle token into productive assets for its users. - - - - - Hyperlend is a permissionless lending layer on Hyperliquid EVM that lets users • Supply tokens (like $HYPE) • Borrow stables in <1 sec blocks • Loop yields or hedge in real time Think @aave, but natively wired to Hyperliquid’s order books. We can see that this gives rise to capital-efficiency plays • wHLP: tokenised shares of Hyperliquid’s HLP vault; borrow against them & loop 3-5 times • Liquid Perp Collateral: turn your open perp PnL into collateral -- > effectively keeping your trade open while farming yield simultaneously • Symmetric/Under-Collat Loans: hedge-protected LTV boosts & $HYPE-staking utility leasing for market-makers This composable use of assets unlock many use cases • Yield-on-Margin: farm while your perp PnL compounds • Delta-Neutral Risk Transfer: tokenised perps tradable OTC • MM Strategy Vaults: share order-flow PnL with retail liquidity Traction • $380 M TVL (2nd largest dApp on Hyperliquid after Hyperliquid's trading platform) • Roughly 25k+ wallets, about 1k+ DAU • @LayerZero_Core cross-chain deposits live + HyperVault + wHLP shipped + Looping assets live (HyperLoop) Things to consider • Cross-Domain “bridge risks”: Every L1 <> EVM hop depends on Hyperliquid’s spotSend bridge, and any exploits can freeze redemptions and strand positions mid-loop...