Borrow against WHYPE
Teller pools on HyperEVM accept wrapped HYPE as collateral at up to 25% LTV, lending USDT at 15% APR. Every loan is fixed-term with no margin-call, so a price fall during the loan cannot liquidate your collateral.
| Collateral | Network | LTV | APR |
|---|---|---|---|
| WHYPE | HyperEVM | 25% | 15% |
Pool data read . Rates and LTVs are set per pool and change when operators change them.
A dollar loan on HyperEVM
The HyperEVM pool quotes 25% LTV at 15% APR. HyperEVM is young enough that most lending venues have not reached it yet, so a HYPE holder wanting dollars without selling has few places to go. This is one of them.
At 25%, a thousand HYPE backs a loan of roughly the figure shown above in USDT.
Bring WHYPE, already wrapped
HYPE is the HyperEVM gas token, so the pool holds the wrapped form at 0x5555555555555555555555555555555555555555. This is the one chain where Teller does not wrap for you: a canonical wrapper is still settling on HyperEVM, so native deposits stay switched off in the borrow sheet until one ships rather than routing your HYPE through a contract that may be replaced.
That means one extra step. Wrap to WHYPE yourself, then deposit it. Every other chain on Teller prepends the wrap to the transaction batch; this one asks you to arrive holding the ERC-20.
Leave yourself gas, because nothing does it for you
HYPE pays for transactions and also backs the loan, which sets a trap that does not exist anywhere else on the platform. Wrap the whole balance and you own collateral you cannot post, because the approval and the borrow both need gas you no longer have.
On every other chain Teller wraps inside the transaction batch and keeps 2.5% of the balance back automatically for precisely this reason. Wrapping manually here means doing that arithmetic yourself: decide the loan first, wrap only what it needs, and keep a working balance of HYPE aside before you start rather than discovering the shortfall at the approval.
Why a fixed term suits a young chain
Thin books and fast markets are the conditions under which a liquidation-based loan is most likely to close you out at a price nobody would have chosen. HyperEVM has both while it grows.
A Teller loan removes that variable entirely. Rate, LTV and the roll window lock when the loan opens, the protocol holds your WHYPE until you repay or roll, and no liquidation threshold exists in between. A move during the term leaves your obligation untouched, so what you manage is the due date rather than the chart. Miss it and the collateral is forfeit.
ApeCoin also trades on HyperEVM and has its own pool; see borrowing against ApeCoin for the cross-chain picture, or the full collateral list.
Frequently asked questions
Yes, through its wrapped form on HyperEVM. Teller pools hold WHYPE as collateral and lend USDT against it at the ceiling shown above.
Enough to pay for the approval and the borrow. HYPE is both the gas token and the collateral here, so wrapping the whole balance leaves you owning collateral you cannot post. Decide the loan first, then wrap only what it needs.
Not on this chain. A canonical HYPE wrapper is still settling on HyperEVM, so native deposits stay switched off in the borrow sheet rather than routing your balance through a contract that may be replaced. Wrap to WHYPE first, then deposit it.
Your obligation does not change. Teller loans carry no liquidation threshold during the term, which matters most on a young chain where books are thin and moves are fast.
USDT. HyperEVM pools lend USDT rather than the USDC most other networks here lend, delivered to the wallet that signed the borrow.
ApeCoin has a HyperEVM pool as well, alongside other tokens listed on the full collateral page. Each pool sets its own ceiling and rate.
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.