The leveraged position includes 1.56 million kHYPE as collateral, 1.06 million WHYPE borrowed, and 12,305 HPL staked to cut borrowing costs.
A large trader has built a substantial leveraged position on HyperlendX, supplying about $107.21 million in assets and borrowing about $70.94 million against that collateral. The position includes 1.56 million kHYPE posted as collateral, 1.06 million WHYPE borrowed, and a health factor of 1.31, a metric that indicates how close a lending position is to liquidation. The whale also staked 12,305 HPL, a mechanism that can reduce platform borrowing costs, with estimated annual savings of about $68,000 and $39,100 in fees already saved, according to Onchain Lens.