Hyperliquid Launches Manual Borrows with Borrowed Volume Reaching $269 Million Hyperliquid has officially launched Manual Borrows, with assets lent out via the HyperCore infrastructure reaching approximately $269 million. This feature shares the same system as Portfolio Margin, allowing users to collateralize hyperliquid:native and BTC to borrow USDC or USDT. Under the mechanism, users borrowing USDC or USDT pay interest, while those providing these assets to the system earn interest, with rates dynamically adjusting based on pool utilization. For holders of HYPE or BTC, the key benefit is the ability to unlock liquidity without selling their spot assets.
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