Hyperliquid has launched a manual borrowing feature built on its HyperCore infrastructure, allowing users to post HYPE or Bitcoin as collateral and borrow USDC or USDT. HYPE collateral supports a 65% loan-to-value ratio, while Bitcoin supports 50%, with liquidation thresholds of 82.5% and 75%, respectively. Borrowers pay interest on USDC and USDT, while users supplying those assets can earn interest. HYPE and Bitcoin collateral do not earn interest, and deposited USDC and USDT do not count toward borrowing capacity. Rates adjust with capital utilization and accrue hourly, with account-level and global borrowing limits. Existing records said the feature was available to manual and unified accounts while portfolio margin accounts used automated borrowing; the latest announcement describes manual borrowing as a portfolio margin feature. Total assets borrowed on launch day were previously reported at $269 million.