Analyst: Hyperliquid or Alpha Testing Native Lending Market BLP

BlockBeats News, November 8th, Analyst MLM disclosed that the Hyperliquid team is currently testing a feature named BLP on the Hypercore testnet, speculated to stand for BorrowLendingProtocol. From the testing situation, it appears to be a Hypercore-based native lending market with functions such as borrowing, lending, and withdrawal.

Currently on the testnet, this market only supports USDC and PURR. Perhaps this is their planned mechanism for securely implementing a multi-collateral system by introducing an underlying lending layer. However, it is not yet confirmed, and all of this is still speculative.