Hyperliquid

Convertible Credit

Lending that retains crypto upside.

Borrowers

Buy HYPE Now

Pay USD Later

Buy HYPE with 50% downpayment,
repay mortgage in 36 monthly installments.
No liquidations.

Lenders

Lend for Yield and

Crypto Upside

Debt converts to HYPE plus a 20% premium.

Market Makers

Unified Liquidity

Simple Market Making

Debt tokens structured as consolidated annuities with uniform coupon rate and indefinite duration.
Liquidity concentrated into a single, incentivized pool.