HyperLoan Lending protocol PR request #16955
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HyperLoan Lending protocol
Name (to be shown on DefiLlama):
HyperLoan
Twitter Link:
https://x.com/hyperloanapp
Website Link:
https://www.hyperloan.app/
Logo:
https://raw.githubusercontent.com/bestdeep/resource/main/hyperloan.png
Chain:
besc
Short Description:
HyperLoan is a decentralised non-custodial lending protocol built on BESC HyperChain where users can participate as suppliers or borrowers. Suppliers provide liquidity to the market while earning interest, and borrowers can access liquidity by providing collateral that exceeds the borrowed amount.
Category:
Lending
Documentation/Proof: Provide links to documentation or any other resources that verify the oracle's usage:
https://hyperloan.gitbook.io/hyperloan-docs/
methodology:
TVL: Counts the tokens locked in the contracts to be used as collateral to borrow or to earn yield. Borrowed coins are not counted towards the TVL, so only the coins actually locked in the contracts are counted. There's multiple reasons behind this but one of the main ones is to avoid inflating the TVL through cycled lending.
Fees: Include borrow interest, flashloan fee, liquidation fee and penalty paid by borrowers.