HyperLend co-founder and CEO ness.hl pushed back on claims that the lending protocol had become obsolete after Hyperliquid’s latest product update. In a post on X, he said HyperLend is not leaving the market and argued that Hyperliquid’s move to add lending after launching portfolio margin was a natural product evolution rather than a replacement for HyperLend. He described the two as separate products with different strengths and different use cases. ness.hl also said HyperLend’s credit business is more efficient and that the platform already supports borrowing against multiple crypto assets. Looking ahead, he said the protocol plans to add stocks and commodities as collateral types. He added that the team’s next focus is Aviya, an institutional business line aimed at high-end clients operating in compliant environments. Built on the same codebase as HyperLend, Aviya will offer fixed-rate onchain credit. According to ness.hl, HyperLend has generated more than $2 billion in loan volume since launch, and Aviya will expand collateral coverage further to include high-yield bonds and securities.
HyperLend co-founder and CEO ness.hl said the protocol is not exiting the market, responding to recent questions over whether HyperLend had become outdated after Hyperliquid’s latest update.
In a post on X, he said Hyperliquid’s decision to open its own lending function after launching portfolio margin was a reasonable product evolution. At the same time, he said Hyperliquid and HyperLend are two separate products, each with its own strengths and each serving different use cases.
ness.hl said HyperLend’s credit business is more efficient. The platform already supports borrowing against multiple crypto assets as collateral, and it plans to add stocks and commodities as future collateral types.
He added that the team’s next priority is Aviya, an institutional business line designed for high-end clients in compliant environments. Aviya uses the same codebase as HyperLend and will provide fixed-rate onchain credit.
According to ness.hl, HyperLend has generated more than $2 billion in loan volume since launch. He also said Aviya will broaden collateral support to include a wider set of assets such as high-yield bonds and securities.
ness.hl stressed that HyperLend has not disappeared, that the team’s goal remains unchanged, and that it will increase investment and continue expanding the business.
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