Hyperliquid Tests New BLP Lending Protocol on Testnet

The post Hyperliquid Tests New BLP Lending Protocol on Testnet appeared first on Coinpedia Fintech News

The Hyperliquid team is trialing a new feature called BLP, likely a BorrowLendingProtocol, on their Hypercore testnet. This native borrowing and lending platform currently supports USDC and PURR tokens, allowing users to borrow and supply assets. Speculation suggests BLP could power Hyperliquid’s Multi-Margin system, though details are still being tested. This move aims to enhance DeFi capabilities within Hyperliquid by offering seamless, integrated lending functions for its community.