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.
Source: https://coinpedia.org/crypto-live-news/hyperliquid-tests-new-blp-lending-protocol-on-testnet/