Hyperlend announces its upcoming HPL token TGE, with staking and locking features to follow, alongside its previously disclosed token allocation and funding details.
On January 20, Hyperlend, a DeFi lending protocol in the Hyperliquid ecosystem, officially announced its upcoming TGE and the launch of the HPL token. Following the TGE, staking and locking features will be introduced. Its token distribution allocates 30.14% for ecosystem growth, 25% for genesis, 22.5% to core contributors, 17.36% to strategic investors, and 5% for liquidity. The project earlier completed a $1.7 million funding round with participants including RockawayX and No Limit Holdings, with strategic investor tokens unlocking over a two-year period.