Lending & borrowing · Elysium
Isolated lendingfor the HYPE economy.
Lend USDC, HYPE, or ELYRA to earn interest, or borrow against what you hold without selling it. Every market stands on its own, so risk in one never spills into another.
- Total value locked
- —
- Live markets
- — / 6
- Best supply APY
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- Lowest borrow APY
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Loading live market figures…
How it works
Three moves.
One market at a time.
- 01
Supply
Deposit into the market you choose and earn interest from borrowers. Your deposit is only exposed to that market.
Supply USDC
Collateral: WHYPE · Borrow: USDC · Core
Amount
2,500.00 USDC
- Supply APY
- —
- Points per day
- 60,000
- Exposure
- This market only
Example: 2,500 USDC supplied for one day. - 02
Borrow
Add collateral and borrow against it. Your health factor shows how safe your position is before you confirm.
Collateral
100.00 WHYPE
—
Debt
4,000.00 USDC
—
Health factor
No debt
No debt in this market.
- Health factor
- No debt
- Liquidation threshold
- 77.0%
- Max borrow
- 72.0%
Example: 4,000 USDC borrowed against 100 WHYPE at today's price. - 03
Earn points
Every active position earns points by the hour. HYPE earns more, and borrowing counts double.
Value$1,000.00× Hours24× HYPE multiplier2×× Borrow weight2×Points96,000Example: a $1,000 HYPE borrow held for 24 hours.
HYPE-native · Points
Bring HYPE
as it is.
Use HYPE straight from your wallet. Elyra handles wrapping for you, so there is no extra step on the way in or out, and HYPE positions earn the highest points multiplier.
- HYPE and WHYPEPoints multiplier
- 0×
- ELYRAPoints multiplier
- 0×
- USDCPoints multiplier
- 0×
- BorrowingBonus for borrowing
- 0×
Plus 25 points for a first supply, 25 for a first borrow, and a 5 point daily streak for up to 7 days.
Supply HYPEHYPE · the gas token of ElysiumA little HYPE is always kept for gas
Markets
Six markets.
Each one stands alone.
Every market pairs one collateral asset with one borrow asset and has its own rates and limits. Rates update live.
- CoreLLTV 77.0%Collateral: WHYPE · Borrow: USDCSupply APY—Borrow APY—
- CoreLLTV 77.0%Collateral: USDC · Borrow: WHYPESupply APY—Borrow APY—
- FrontierLLTV 38.5%Collateral: ELYRA · Borrow: USDCSupply APY—Borrow APY—
- FrontierLLTV 38.5%Collateral: ELYRA · Borrow: WHYPESupply APY—Borrow APY—
- EcosystemLLTV 62.5%Collateral: USDC · Borrow: ELYRASupply APY—Borrow APY—
- EcosystemLLTV 62.5%Collateral: WHYPE · Borrow: ELYRASupply APY—Borrow APY—
Security
Built to be
trusted.
Elyra is built to protect your funds first. Changes happen in the open, markets are kept separate, and the code is tested at every step.
- Separate markets
- Risk contained
- Each market has its own collateral, limits, and liquidation rules. A problem in one market cannot reach your funds in another.
- Transparent upgrades
- Public delay
- Any change to Elyra is announced on chain and only takes effect after a waiting period, so you always have time to review it.
- Emergency pause
- Limited power
- New borrowing can be paused if something looks wrong. Repaying and protecting your position always stay available.
- Extensively tested
- Ongoing
- Elyra is tested against extreme prices, tiny amounts, and long random sequences of user actions.
- External audit
- Before mainnet
- An independent audit will be completed before Elyra opens on mainnet, followed by a bug bounty.
Ecosystem
Native to Elysium.
Elysium is the network Kinetiq built for the HYPE economy, with HYPE as its gas token. Elyra launches there first, so lending sits next to the assets people already hold.
- Network
- Elysium Testnet
- Status
- Testnet
- Gas token
- HYPE
- Gas tokenHYPEPays for every transaction on Elysium. Supply it directly from your wallet.
- Wrapped HYPEWHYPEThe wrapped form of HYPE. Use it as collateral or lend it out to earn interest.
- StablecoinUSDCThe dollar side of the book. Lend it out, or borrow it against WHYPE and ELYRA.
- Protocol tokenELYRAThe Elyra token. Available in dedicated markets with more conservative borrowing limits.
What makes Elyra markets different?
Each market pairs one collateral asset with one borrow asset and has its own limits. Your deposit is only exposed to the market you choose, so trouble in one market never affects another.
Is Elyra live on mainnet?
Not yet. Elyra runs on Elysium Testnet, where tokens have no real value. Mainnet opens after an independent security audit.
Can I use HYPE directly?
Yes. Supply, add collateral, or repay with HYPE straight from your wallet, and Elyra handles the wrapping for you. A small amount of HYPE is always left in your wallet for gas.
How are points calculated?
You earn points for every hour a position stays open, based on its dollar value. HYPE and WHYPE earn 2×, ELYRA 1.5×, and USDC 1×, and borrowing counts double. Positions under $1 or held for less than an hour do not earn points.
Can Elyra be changed without notice?
No. Every change is announced publicly and only takes effect after a waiting period. New borrowing can be paused in an emergency, but repaying and managing your position always remain available.
Where do prices come from?
Each market uses its own price feed with built-in safety limits. If a price is out of date, new borrowing pauses in that market while supplying and repaying keep working.
What happens if my position is liquidated?
If your debt grows too large compared to your collateral, part of the debt can be repaid by someone else in exchange for some of your collateral plus a bonus. Keeping your health factor above 1 avoids this, and the app shows it before every action.