Moderate risk — proven Aave lending codebase deployed on a newer chain (HyperEVM), balanced by institutional recognition and rapid adoption.
Top Risks
1
HyperLend is a friendly fork of Aave deployed on Hyperliquid's HyperEVM chain. While Aave's codebase is well-audited, HyperEVM is a newer L1 with limited battle-testing compared to Ethereum, introducing infrastructure risk beneath a proven lending protocol.
2
Oracle dependencies for liquidation decisions on a newer chain may have different reliability characteristics than Ethereum mainnet. Hyperliquid's oracle infrastructure is less tested under extreme market conditions.
3
As the first major lending protocol on HyperEVM, HyperLend serves as the portfolio margin engine for the Hyperliquid ecosystem. High integration with Hyperliquid perpetuals creates correlated risk during market stress.
Risk Breakdown
Frequently Asked Questions
Is HyperLend safe to use?
HyperLend receives a B- risk grade (29/100) from Hindenrank, where lower scores indicate lower risk. Moderate risk — proven Aave lending codebase deployed on a newer chain (HyperEVM), balanced by institutional recognition and rapid adoption. HyperLend is a lending protocol on Hyperliquid's HyperEVM blockchain, built as an officially recognized fork of Aave. It offers both shared-risk core pools and isolated markets, with $308M in deposits. Its B grade reflects the proven Aave codebase and standard lending design, with moderate risk from operating on the newer HyperEVM chain.
What are the main risks of using HyperLend?
The key risks identified for HyperLend are: (1) HyperLend runs on Hyperliquid's HyperEVM chain, which is newer and less battle-tested than Ethereum. Chain-level issues could temporarily freeze lending operations during critical periods. (2) As a fork of Aave, the lending mechanics are well-understood, but modifications for HyperEVM compatibility could introduce subtle bugs not present in the original Aave deployment. (3) The protocol shares 10% of revenue with the Aave DAO under its licensing agreement, reducing economic efficiency compared to unlicensed alternatives.
What is HyperLend's risk score breakdown?
HyperLend scores 29/100 across eight risk dimensions: Mechanism Novelty: 0/15, Interaction Severity: 6/20, Oracle Surface: 2/10, Documentation Gaps: 2/10, Track Record: 6/15, Scale Exposure: 5/10, Regulatory Risk: 3/10, Vitality Risk: 5/10. The highest risk area is Scale Exposure at 5/10.
How does HyperLend compare to other Lending protocols?
Among 90 rated Lending protocols on Hindenrank, HyperLend ranks #17 by safety (lowest risk score = safest). Its 29/100 risk score and B- grade place it among the safer Lending protocols.
Has HyperLend ever been hacked or exploited?
HyperLend scores 6/15 on the Track Record risk dimension, indicating some history of security incidents or exploits. Higher scores reflect more severe or frequent incidents. Review the full risk report for details.