Hyperlend announces upcoming TGE and launch of HPL token

BlockBeats News, January 20, Hyperlend, a lending protocol in the Hyperliquid ecosystem, announced that it will soon conduct its TGE and launch the HPL token. Shortly after the TGE ends, staking and locking features will go live. The total token supply has not yet been disclosed. The tokenomics are as follows:

30.14% allocated to ecosystem growth and incentive measures;

25% for genesis distribution;

22.5% allocated to core contributors;

17.36% allocated to strategic investors;

5% for liquidity.