Borrow against PURR
Teller pools on HyperEVM accept PURR as collateral at up to 20% LTV, lending USDT at 15% APR. Almost no other venue holds it as collateral. Every loan is fixed-term with no margin-call, so a price fall during the loan cannot liquidate your collateral.
| Collateral | Network | LTV | APR |
|---|---|---|---|
| PURR | HyperEVM | 20% | 15% |
Pool data read . Rates and LTVs are set per pool and change when operators change them.
Older than the chain it borrows on
PURR existed on Hyperliquid before HyperEVM did, distributed to early users rather than sold. When the EVM arrived it became an ERC-20 that contracts could hold, which is what makes this row possible at all: Teller pools take it at 20% LTV and 15% APR, at 0x9b498c3c8a0b8cd8ba1d9851d40d186f1872b44e.
Almost nowhere else will hold it
A community token on a young chain is close to the definition of collateral no major money market accepts. There is no Aave market for it, no Compound listing, and few venues on HyperEVM itself. For a holder who wants dollars without selling, the practical choice is this pool or nothing.
Bring gas, and bring the right token
HyperEVM transactions are paid in HYPE, not in PURR, so hold some before you start. The approval and the borrow both need it, and running out between the two leaves collateral approved and unposted.
Check the contract as well. A recognisable community token on a new chain attracts imitations, and the pool accepts the single address above, rejecting everything else at the deposit.
The loan
Deposit PURR, receive USDT, repay or roll on the due date. Rate, LTV and the roll window lock when the loan opens and the protocol holds the collateral until you close it out. Every loan is fixed-term with no margin-call, so a price fall during the loan cannot liquidate your collateral, which matters on a chain where books are still young. Miss the due date and the collateral is forfeit.
The gas token has its own page at WHYPE, and the rest of the chain is on the HyperEVM page.
Frequently asked questions
Almost nowhere. There is no Aave market or Compound listing for it and few venues on HyperEVM itself, so for a holder wanting dollars without selling the practical choice is this pool.
Some HYPE for gas. HyperEVM transactions are paid in HYPE, and both the approval and the borrow need it; running out between the two leaves collateral approved and unposted.
Start from the row in the table. A recognisable community token on a new chain attracts imitations, and the pool accepts one contract address, rejecting everything else at the deposit.
Nothing happens to the loan. There is no liquidation threshold during the term, which matters on a chain where books are still young.
USDT. HyperEVM pools lend USDT rather than the USDC most other networks here lend, delivered to the wallet that signed the borrow.
Open a loan
Connect a wallet, deposit your collateral, and borrow a stablecoin. No credit check, no application.
Go to the borrow tab →No collateral to pledge? Check whether you pre-qualify for a no-collateral personal loan. Soft check, no hard pull.