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MLM: The Hyperliquid team is testing a protocol called BLP.
GateNewsBot
PURR-3,71%
PANews reported on November 8th that MLM posted on the X platform stating that the Hyperliquid team is currently testing a protocol called BLP on the Hypercore testnet. It is speculated that BLP stands for BorrowLendingProtocol, which appears to be a native lending market on Hypercore with functions such as borrowing, providing, and withdrawing. Currently, this market on the testnet only supports two cryptocurrencies: USDC and PURR. They might introduce an underlying lending layer to securely enable multi-margin trading. However, this has not been confirmed yet; everything is just speculation.
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