Supply tokens to HypurrFi smart contracts to earn interest when other users borrow them, and use deposited tokens as collateral to borrow assets or mint USDXL. Deposited tokens are transferred to the HypurrFi liquidity pool smart contracts.

In HypurrFi, supplied tokens automatically accrue dynamic interest based on the current market supply and demand rate. Interest rates are determined by the borrow utilization rate, which measures the proportion of assets currently borrowed against the total supplied in the pool. As liquidity is supplied, borrowed, repaid, or withdrawn from the pool, the interest rates are updated accordingly.

HypurrFi community governance can also adjust incentives to encourage deposits to specific pools.

Onchain Lending ProtocolBorrow