According to ChainCatcher, lending platform HyperLend announced the HPL token economics: 30.14% will be used for ecosystem growth and incentives, 25% for genesis distribution, 22.5% will belong to core contributors, 17.36% will be allocated to strategic investors, and 5% will be reserved for liquidity.
HyperLend has reportedly raised $1.7 million to date, with investors including RockawayX, No Limit Holdings, Nucleus, Duplicate Capital, and Dumpster. Strategic investors received a 10% stake at the token issuance (TGE), followed by a four-month lock-up period, with the remaining stake unlocking gradually over two years. Staking and locking features will launch shortly after the token generation event, with rewards derived from the reserve factor and distributed based on participation.
The team emphasized that HPL has not yet been officially launched and reminded users to only trust information released through official channels.
