Hyperliquid launches manual borrowing, HYPE token reaches $90.92

VERA Brief

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The HYPE token reached a new high of $90.92 following the launch of manual borrowing on the Hyperliquid platform. This new feature allows users to borrow stablecoins using HYPE and Bitcoin as collateral, potentially increasing leverage and liquidity.

Key facts

• The HYPE token reached a record price of $90.92.
• Manual borrowing functionality was launched on the Hyperliquid decentralized exchange.
• Users can borrow stablecoins by pledging HYPE and Bitcoin as collateral.
• The development allows for increased leverage and potentially greater liquidity within the Hyperliquid ecosystem.