How I use
@HypurrFi markets to earn APY on Lending:
When I Lend in HypurrFi, I select which MARKET I want to lend to. We have 4 major markets: Prime, Yield, Scale, Pooled.
I have stablecoins or
$HYPE, I want yield on them.
On the Lend page I select which market I want to view. If you select Prime, you see what assets are available to Lend and borrow against in Prime. If you select Scale, you see what assets are available to Lend or borrow against in Scale.
This is why you will see a lot of options to lend an asset like
$USDT 0 if you search for it in the filter. You are not selecting which asset to Lend, you are selecting which market you are lending USDT to.
From here, I sort by APY, and exclude Legacy as it's deprecated (withdraw and move to Mewler guys!).
In the attached images I've filtered just Yield for an example. You see sUSDP from
@ParallelMoney on top. it has their base APY, shows you the supplied TVL, and how much is being borrowed. None is being borrowed because it's not a borrowable asset, it's meant to loop.
$USDC on the other hand is earning about 6%. Utilization is about 85%, which means the borrowers are comfy with paying about 6%. If another $5M USDC gets deposited int his market, the rates will drop because utilization drops, but over time the borrowers will slurp that up and utilization will return to about 85-90% with APY up to 6-9%.
The other thing this market tells you is what collateral assets are being used to borrow USDC, USDT, USDH. sUSDP is one, LHYPE is another, xHYPE, hwHYPE, kHYPE and more. This is a derivatives-focused market, which is why caps are lower, LTV is lower, and yield tends to be higher.
You can click into each asset and view its particular parameters of course and make the decision if you are willing to Lend your stables and HYPE to willing borrowers. HYPE is paying 3.25% today, it was 6% yesterday. You make the call.
If you don't want to think about this or sort through all the markets and assets, that's what the Earn vaults curated by
@ClearstarLabs are for. Clearstar evaluates risk and how much TVL in each market they should add from the Earn Vaults. They balance between Prime and Yield for now to be relatively conservative while earning a good rate on the stables deposited.
This is just for Lending evaluation. We're working on making this more clear in the UI, better signposts and market information. There's a bit of a different flow for borrowers, and I'll walk anyone through the most common UI flows on a call or here in another post sometime soon.
Give me Qs, or bring them to our telegram to talk strategy and rates and
@eulerfinance and
@hyperliquidx
Happy lending.