Hyperliquid details HyperCore module as lending supply exceeds $400 million

Hyperliquid co-founder Jeff Yan explained the design of the HyperCore module, which separates financial functions into independent units similar to Amazon's AWS. The platform has launched manual borrowing, with over $408 million in USDC supply available on the first day. Portfolio margin users can now earn interest on idle stablecoins. As of the report, USDC utilization stands at 68.3% with a deposit APY of approximately 3.08%. The lending module isolates risk by ensuring every loan has a corresponding liquidity provider, distinct from the platform's other trading modules.