The Credit Layer of Hyperliquid, Powering Institutional Credit with @aviyafinance
Hyperliquid
Joined June 2024
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Introducing Aviya - Institutional Credit on Hyperliquid.
Aviya is a private, compliance gated credit venue built on Hyperliquid, designed to extend structured credit access to institutional participants.
The platform facilitates bilateral, fixed-rate financing, initially against HYPE collateral, with a roadmap to expand into additional asset classes over time.
As capital allocators increasingly engage with on-chain markets, access to predictable, structured credit becomes a requirement. Aviya is designed to meet this demand by offering a more controlled alternative to fully permissionless lending systems, while still leveraging the efficiency and settlement advantages of Hyperliquid’s infrastructure.
We view Aviya as a core component in the development of HyperLend as the credit layer of the Hyperliquid ecosystem, enabling capital formation, leverage, and structured financing across both native and future tokenized assets such as equities, commodities, fixed-income instruments and even the likes tokenised pre-IPO companies.
Over time, Aviya will serve as a gateway for institutional credit into emerging on-chain markets, including real-world and tokenized financial assets.
We are also pleased to deepen our collaboration with @HyperionDeFi, working together on institutional business development and capital formation.
Aviya represents a continued step toward integrating credit natively into the broader Hyperliquid financial system.
gLend.
The HyperLend Strategic Fund has made the decision to burn the HPL fees it has received to date for deploying HPL markets on Hyperliquid. By burning the HPL the HSF has accrued so far the Fund continues to work towards its goal of accruing maximum value to all aspects of the HyperLend protocol.
gLend.
The HyperLend team is heading to Singapore.
Come and hear about the future of Hyperliquid's credit layer at our booth at the @Hyperliquid event, or see our CEO @0xNessus speak at the @blockworksDAS and @HLglobal_ events.
gLend.
HyperLend retweeted
Aviya has originated it's first Institutional Credit Facility, with @HyperionDeFi providing a $1 million USDC line of credit for a borrower secured against natively-staked HYPE held in custody at @Anchorage
Over $10B of staked HYPE earns yield but can't work as collateral. Until today.
Together with @Anchorage and @HyperLendX, we launched the first institutional credit facility on Hyperliquid: borrow against natively staked HYPE held in qualified custody at a federally chartered bank.
Staked. Custodied. Collateral. All at the same time.
But HYPE is just the beginning.
Introducing @aviyafinance x @Anchorage
Aviya has signed an agreement with @Anchorage as the venue’s exclusive qualified custodian. Institutional borrowers can now access credit against all forms of HYPE with the confidence that their collateral is custodied with the first federally chartered crypto bank.
Anchorage Digital, home to the first federally regulated crypto bank in the U.S., provides proven infrastructure through which billions of dollars flow, with Atlas, their institutional settlement layer securing over $12.5 Billion in collateral to date. Through this agreement, institutions who borrow through Aviya will be able to manage their loans through Atlas, utilising its precise architecture 24/7 to pledge, release and reallocate with certainty.
With $21 billion in HYPE circulating and another $36+ billion worth staked, institutional loans backed by HYPE are an incredibly important unlock for billions of dollars waiting to be activated. Atlas’ seamless integration with Aviya’s HyperLend powered lending infrastructure allows institutions to unlock all forms of HYPE, with fixed rate facilities available for approved clientele.
HyperLend retweeted
Aviya has signed an agreement with @Anchorage as the venue’s exclusive qualified custodian. Institutional borrowers can now access credit against all forms of HYPE with the confidence that their collateral is custodied with the first federally chartered crypto bank.
Anchorage Digital, home to the first federally regulated crypto bank in the U.S., provides proven infrastructure through which billions of dollars flow, with Atlas, their institutional settlement layer securing over $12.5 Billion in collateral to date. Through this agreement, institutions who borrow through Aviya will be able to manage their loans through Atlas, utilising its precise architecture 24/7 to pledge, release and reallocate with certainty.
With $21 billion in HYPE circulating and another $36+ billion worth staked, institutional loans backed by HYPE are an incredibly important unlock for billions of dollars waiting to be activated. Atlas’ seamless integration with Aviya’s HyperLend powered lending infrastructure allows institutions to unlock all forms of HYPE, with fixed rate facilities available for approved clientele.
.@aviyafinance has a new look.
Powered by HyperLend, Aviya brings a secure, compliant venue to the Hyperliquid ecosystem, facilitating permissioned credit facilities for approved institutions. Initially offering fixed rate loans to borrowers, Aviya represents the next step of HyperLend’s vision of unlocking all HYPE, no matter the allocators requirements.
With pilot loans rolled out smoothly, Aviya’s landing page is now live. Visit the site and learn more at aviya.xyz
gLend.
It’s never been easier to bring your assets home to HyperLend.
Powered by @AcrossProtocol, HyperLend’s Bridge functionality now allows you to Bridge and Supply any asset into HyperLend from any chain Across supports in one simple transaction.
Choose your Deposit asset, choose where it Earns. Sit back and enjoy the yield.
gLend from anywhere with HyperLend x Across
HyperLend retweeted
Hey everyone, I'm long overdue for a response to the recent Hyperliquid updates, and judging by the number of DMs I've gotten, a lot of people are still wondering whether it's over for HyperLend.
I can say confidently that we're not going anywhere. Once portfolio margin went live on Hyperliquid, it was always going to make sense for them to eventually enable borrowing for other purposes and deploy that themselves.
Hyperliquid is Hyperliquid and HyperLend is HyperLend. Both have their pros and cons, and both are built for specific use cases. HyperLend's credit venue is far more efficient, and it already enables borrowing against a wide range of collateral types: crypto assets today, equities and commodities soon.
The next big thing for us is Aviya, our institutional arm, built for white-glove service in a compliant environment. It offers fixed-rate on-chain credit running on the same codebase as HyperLend, which has originated $2B+ in loans since deployment. Aviya extends that to an even wider range of collateral, including high-yield bonds and securities.
So no, HyperLend isn't dead. The mission is the same. We're doubling down and going bigger.
gLend.
LTV Update: E-Mode HYPE Looping
Following careful consideration from our Risk Team, HyperLend has updated it's HYPE Looping LTVs as follows:
HYPE LSTs / HYPE (Excluding kHYPE)
LTV: 77.7% -> 82.7%
Liquidation Threshold (LT): 87% -> 90%
kHYPE / HYPE
LTV: 81.5% -> 87%
Liquidation Threshold (LT): 87% -> 90%
Further information is available in the HyperLend Discord which can be accessed through the link in the next tweet.
LTV Update: HYPE
Following careful consideration from our Risk Team, HyperLend has updated it's HYPE market LTV as follows:
LTV: 60% -> 65.2%
Liquidation Threshold (LT): 75.2% -> 81.47%
Further information is available in the HyperLend Discord which can be accessed through the link in the next tweet.
Announcing the HyperLend Strategic Fund and Aviya Funding
HyperLend is excited to announce the creation of the HyperLend Strategic Fund (HSF), a vehicle dedicated to the growth of the HyperLend ecosystem. The HSF will manage HyperLend’s protocol treasury, including holding HPL tokens, and will receive all future revenue earned by the protocol.
The HyperLend Foundation has authorized a draw of up to 600,000 USDC from the HSF to fund the build-out of @aviyafinance, HyperLend's institutional arm. Aviya is a private, compliance-gated venue offering fixed-rate secured credit to institutional participants on Hyperliquid, built on HyperLend infrastructure.
The draw funds engineering, security, audits, infrastructure, legal, integrations, and operations. It is released in three tranches of 200,000 USDC each and reported on-chain as each is drawn. The Foundation's economic position in Aviya is not yet finalized; it will be set as part of Aviya's formation and disclosed when confirmed.
As Aviya facilities come online, the interest institutional borrowers pay feeds the reserve factor that funds HPL rebates. These institutions will therefore have a direct incentive to stake HPL, lowering their net borrow cost over the life of their facility. The intent is for demand for institutional credit to translate into demand for HPL over time.
The foundation's view is that the institutional momentum of Hyperliquid is stronger than ever, making this the correct moment to deploy fund assets to support Aviya’s development. In conjunction with the continued activation of Aviya’s strategic partnership with @HyperionDeFi, we expect Aviya to establish itself as the premier institutional credit venue in the Hyperliquid ecosystem.
The HSF reports treasury operations as they happen; authorization and tranche records are on-chain.
This notice is not an offer, solicitation, or investment advice.
- HyperLend Foundation