TL;DR
- HyperLend allocated 30.14% of its HPL token supply to growth and incentives.
- The project raised $1.7 million from investors like RockawayX and Nucleus.
- It functions as a lending protocol built on the HyperEVM blockchain.
HyperLend disclosed the token structure of HPL with a clear emphasis on practical use and user participation. The lending protocol, built on HyperEVM, allocated 30.14% of the total supply to growth and incentive programs, the largest share within its distribution model. The decision places rewards and adoption mechanisms at the center of the project’s early phase.
The announcement followed a $1.7 million funding round backed by crypto-focused investment firms, including RockawayX, Nucleus, Vistula Capital, Dewhales Capital, No Limit Holdings, Duplicate Capital, Dumpster, and YAM.
Alongside capital support, HyperLend confirmed working relationships with established DeFi entities such as Aave, Chainlink, Circle, Ethena, Wintermute, Pyth Network, RedStone, and Resolv. The presence of such partners signals early operational alignment rather than promotional association.
HPL Tokenomics
Allocation:
• 30.14% Ecosystem Growth and Incentives
• 25% Genesis
• 22.5% Core Contributors
• 17.36% Strategic Investors
• 5% Liquidity pic.twitter.com/4ZO1zgfqQZ— HyperLend (@hyperlendx) January 19, 2026
HyperLend positions itself as credit and lending infrastructure for the Hyperliquid environment. The protocol targets developers who already operate within HyperEVM and require native borrowing and collateral tools without rebuilding a credit layer. Its architecture aims to reduce technical friction and allow faster deployment of financial applications inside the network.
Token allocation details and release structure
According to the published tokenomics, 25% of HPL goes to genesis participants, 22.5% to core contributors, 17.36% to strategic investors, and 5% to liquidity provision. The remaining portion covers incentives and protocol expansion. The team stated that every category follows a defined vesting plan to reduce early sell pressure and keep interests aligned over time.
Strategic investors receive 10% of their allocation at the token generation event, followed by a four-month cliff and a linear unlock over two years. Core contributors face a longer schedule, with a one-year cliff and a two-year linear release. HyperLend described the structure as a safeguard for continuity, ensuring that builders and backers remain engaged beyond the launch phase.
The protocol also clarified that HPL is not live yet
The team repeated that any circulating tokens, claim pages, or unofficial links lack legitimacy. Users were urged to rely exclusively on announcements published through verified HyperLend channels, a precaution aimed at reducing exposure to impersonation and phishing attempts.
HyperLend explained that rebates will draw funding from the reserve factor and will reach users based on stake or lock conditions and participation rules. Further information on staking mechanics and reward formulas will appear closer to activation.
HyperEVM launched in early 2025, adding general-purpose programmability to Hyperliquid, a platform previously centered on perpetual trading. Since the launch, more than 100 decentralized applications have deployed on the infrastructure, reflecting steady developer engagement and expanding use cases.
