A whale address deposited two HYPE-linked staking assets into HyperLend and then borrowed USDC against the position, according to on-chain tracker Onchain Lens. The wallet supplied 873.16K wstHYPE, valued at about $47.37 million, and 627.81K kHYPE, valued at roughly $33.71 million. That brought the total collateral posted on the protocol to around $81.07 million.
After opening the collateral position, the address borrowed $20.57 million in USDC. Onchain Lens said the position was showing a health factor of 2.91 at the time of monitoring, with net equity of about $60.50 million. The transaction was cited by BlockBeats in a report published on Aug. 3.
The disclosed figures describe the size of the collateral, the amount borrowed, and the risk metric attached to the position, without adding any further details about the owner of the wallet.
A whale address deposited HYPE-related staking tokens into the HyperLend protocol and borrowed USDC against the position, according to Onchain Lens.
BlockBeats reported on Aug. 3 that the address supplied 873.16K wstHYPE, worth about $47.37 million, and 627.81K kHYPE, worth about $33.71 million.
The combined collateral was about $81.07 million. After posting that collateral, the address borrowed $20.57 million in USDC. The position had a health factor of 2.91 and net equity of about $60.50 million at the time of monitoring.
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