Introduction

In this guide, we're going to test out the HyperLiquid Testnet, and learn how to supply and borrow assets though the HyperLend platform.


What is HyperLend?

HyperLend is an innovative platform for lending and borrowing digital assets, designed to be efficient, secure, and user-friendly. Built on Hyperliquid's EVM blockchain, it aims to become the leading money-market platform within the Hyperliquid ecosystem.

Key features of HyperLend include:

• Security and Transparency: Leveraging blockchain technology for secure and transparent financial transactions.
• Broad Asset Support: Flexible infrastructure that supports a wide range of coins with appropriate risk parameters.
• DeFi Compatibility: Seamless integration with other decentralized finance (DeFi) platforms.

By democratizing access to financial resources, HyperLend enhances liquidity and strengthens the Hyperliquid ecosystem, fostering an inclusive and robust digital financial market.

Step 1

First, head over to HyperLend & take the quick tour.






Step 2

Connect your wallet & add network.

Now press the "Faucet" button to claim test tokens.





Step 3

Now let's supply & borrow some Ethereum.

To do this, head over to the Markets page & press "Supply" on ETH.

If you don't have any test ETH you should attempt the faucet again.


Insert any amount, then press "Supply".


Now go back to the Markets page and this time press "Borrow", and again insert an amount, then press "Borrow".

Approve/Confirm transaction.







Step 4

Now we just need to do the same thing with MBTC.

If you don't have any test MBTC you should attempt the faucet again.


Approve/Confirm transaction.

Once approved, press "Supply" again for MBTC, Insert the same amount and press "Supply".


Now go back to the Markets page and press "Borrow", and again insert an amount, then press "Borrow".

Approve/Confirm transaction.

Outro

That's all for this guide!

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Disclaimer: This guide is provided strictly for educational purposes and should not be considered financial advice. The content is designed to offer insights into various web3 topics & projects.

We do not recommend putting real money into random projects without conducting plenty of your own research first. It is crucial to make informed decisions based on your own understanding and risk tolerance.