Hyperlend announces upcoming TGE and launches HPL token

Hyperliquid ecological lending protocol Hyperlend announces the upcoming TGE, launching the token HPL. Shortly after the TGE ends, staking and locking features will go live.

The total token supply has not been disclosed, and the tokenomics are as follows: 30.14% allocated for ecosystem growth and incentives; 25% for genesis distribution; 22.5% allocated to core contributors; 17.36% allocated to strategic investors; 5% for liquidity.