What is Hypurr Finance?

HypurrFi is a decentralized, non-custodial lending protocol operating on the Hyperliquid blockchain. It enables users to deposit native assets such as HYPE, stHYPE, and USDC into liquidity pools to earn interest. These deposits can serve as collateral, allowing users to borrow against them for leveraged yield opportunities. The platform introduces USDXL, an overcollateralized stablecoin pegged to the U.S. Dollar, which users can mint by depositing supported assets. USDXL is backed by user deposits and a reserve of tokenized U.S. Treasuries, enhancing its stability and providing additional security. HypurrFi's design encourages efficient capital utilization, enabling users to loop and leverage their positions while maintaining control over their assets.