Hyperliquid 正式上线基于 HYPE 和比特币的 USDC 及 USDT 手动借贷功能
Hyperliquid 于周五宣布正式推出手动借贷功能。用户现在可以使用 HYPE 代币和比特币作为抵押品,借入 Circle 发行的 USDC 和 Tether 发行的 USDT。
随着该功能的上线,HYPE 的价格大幅上涨 13%,触及 90.92 美元的新历史高点。这一市场反应反映了用户对 Hyperliquid 链上交易生态系统扩展的积极预期。
手动借贷功能详解与基础设施支持
手动借贷功能于 9 月 18 日正式在 Hyperliquid 平台上线。该功能允许用户以提供的 HYPE 和比特币为抵押,借入 USDC 和 USDT 等报价资产。Hyperliquid 指出,投资组合保证金(Portfolio Margin)和手动借贷功能均基于相同的底层 HyperCore 架构运行。截至目前,平台上的总借贷资产规模已达到 2.69 亿美元。
在利息机制方面,借出的报价资产(USDC 和 USDT)需支付利息,而存入的报价资产则可获得利息收入,利率由资金利用率设定。这一机制进一步丰富了 Hyperliquid 链上交易生态系统的 DeFi 借贷选择。
平台官方说明称:“手动借贷功能适用于手动/标准账户用户以及统一账户用户。对于投资组合保证金(PM)账户,借贷操作是自动化的,因此禁用了手动借贷动作。”
Key parameters: Loan-to-Value Ratio and Liquidation Threshold
It is worth noting that Hyperliquid clarifies the loan-to-value ratio (LTV) for different assets: HYPE's LTV is 65%, and BTC's LTV is 50%. In addition, some clearing thresholds are set at 82.5% for HYPE and 75% for BTC.
Theagreement also stipulates that 10% of the loan interest will be retained as a buffer to meet future clearing needs. This is because the interest paid by borrowers needs to be distributed proportionately to a wider group of asset suppliers.
HYPE and Bitcoin prices rebounded strongly
Driven by positive news, HYPE prices have risen more than 13% in the past 24 hours, and are currently trading at US$90.45. The lowest price during the period was US$79.35, and the highest price hit US$90.92. At the same time, trading volume surged by 75%, indicating a significant recovery in trader interest.
HYPE prices have risen nearly 60% since Trump said the U.S. Commodity Futures Trading Commission (CFTC) is committed to bringing Hyperliquid to the United States. Recently, Kraken's parent company Payward confirmed plans to launch a Hyperliquid-based online perpetual contract market among U.S. customers.
At the same time, as the Fed's interest rate hikes subsided, the price of Bitcoin regained its footing above $78,000, rising more than 2% in the past 24 hours. Intraday lows and highs were $75,971 and $78,372 respectively. The inflow of funds from spot Bitcoin ETFs also led to a small increase in trading volume.
CoinGlass 数据显示衍生品市场买盘活跃。截至撰写本文时,过去 24 小时内 BTC 期货未平仓合约总额增长了 4%,接近 535 亿美元。其中,芝加哥商业交易所(CME)的 BTC 期货未平仓合约增长超过 5%,币安(Binance)增长 2%,这表明上涨动力主要来自美国投资者。

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