What Is Hyperlend?

Hyperlend is a smart contract-based lending platform where users can borrow crypto by locking collateral or lend assets to earn interest in a permissionless environment.

How Hyperlend Works Under the Hood

Lenders deposit assets to earn yields; borrowers supply collateral to borrow stable assets. The protocol dynamically manages risk and enforces automatic liquidation when necessary.

Key Features

• Dynamic interest rates calculated on-chain
• Over-collateralized loans
• No KYC or account setup
• Transparent loan dashboards
• Secure smart contracts

Pros & Cons

Pros

• Passive income potential
• Full custody via wallet
• Configurable borrowing parameters

Cons

• Volatility may affect collateral value
• Limited asset choice
• DeFi familiarity helpful