Hyperliquid News Today: Hyperliquid's BLP and HIP-3 Indicate a Fundamental Change in DeFi Structure
Hyperliquid, a decentralized exchange (DEX) known for its high throughput and built on its own Layer 1 blockchain, is reportedly piloting a native lending platform called BLP (BorrowLendingProtocol) on the Hypercore testnet. According to analyst MLM, this experimental feature enables users to borrow, lend, and withdraw assets, initially supporting
The platform’s ecosystem is also advancing rapidly with HIP-3, a proposal that turns Hyperliquid into a permissionless protocol for launching new markets. Under HIP-3, any user can create perpetual markets by staking HYPE, the platform’s native token, according to a
RedStone’s HyperStone
These changes have major implications for token economics. HIP-3’s staking requirements reduce HYPE’s circulating supply, which could drive scarcity and price growth. Market creators earn a share of trading fees, aligning their interests with platform expansion, while RedStone’s
The BLP and HIP-3 projects underscore Hyperliquid’s goal to reshape decentralized derivatives. While BLP’s lending protocol is still in its early stages, HIP-3’s open market model and RedStone’s oracle integration mark a significant evolution in DeFi infrastructure. The next few months will reveal whether these advancements can drive sustained growth or encounter obstacles from operational risks and increased competition.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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