HyperLend Powers Up with RedStone's Oracle Magic!

First Lending Platform on Hyperliquid EVM Goes Live with RedStone

Hold onto your hats, crypto fans! HyperLend just turbocharged its lending game by teaming up with RedStone's slick modular oracle protocol. This powerhouse duo is all about delivering those secure, rock-solid price feeds that keep the lending world spinning smoothly.

Yep, you heard it right! RedStone (RED) is now the beating heart of HyperLend, the trailblazing lending platform built on Hyperliquid (HYPE) Ethereum Virtual Machine. With RedStone's reliable and spot-on price data, HyperLend is ready to rock the lending scene like never before.

HyperLend isn't just any old lending protocol. It's the Aave (AAVE) of the Hyperliquid universe, but with a twist! Tailored for traders and market makers, it's packing real-time leverage, dynamic interest rates, and deep liquidity that'll make your head spin. The mainnet went live on March 24 on Hyperliquid EVM, and they've been all about that RedStone life from day one.

And guess what? HyperLend is just the latest in a long line of DeFi lending protocols to jump on the RedStone bandwagon. We're talking Venus Protocol, Morpho, Fraxlend, Lombard, ZeroLend, DeltaPrime, and the freshest face on the block, Spark Protocol, which joined the party on Feb. 11.

Oh, and did we mention that RedStone token RED is on fire? It's up 12% in the last 24 hours, currently chilling at $0.36. But let's keep it real, it's been on a wild ride since hitting $0.82 on March 16 after the DRILL program dropped. After hanging around $0.50 in mid-to-late March, it took a dive below that level on April 1. But hey, it's found a new home around $0.30, and that's where it's at right now.