Hyperliquid introduces manual lending for HYPE and BTC

Hyperliquid has launched a manual lending feature allowing users to collateralize HYPE or BTC to borrow USDC and USDT. The loan-to-value ratios are set at 65% for HYPE and 50% for BTC, with liquidation thresholds at 82.5% and 75% respectively. Interest rates fluctuate based on utilization and are calculated hourly. The feature is available for manual and unified accounts, while portfolio margin accounts utilize automatic lending. The platform reported a total of $269 million in assets borrowed on the launch day.