Crypto community researcher Kyle_13 (@kylewmi) shared a post stating that as order book liquidity matures, HLP's current yield has approached zero. The next upgrade is expected to automatically allocate idle USDC to lending sub-strategies, primarily lending to Portfolio Margin users. He mentioned that Portfolio Margin now supports HYPE, BTC, and other assets as collateral, with borrowing demand continuing to grow. Although HLP's role in market-making has diminished, it remains an important buffer layer in Hyperliquid's liquidation mechanism. https://(wublock123.com)/news/hyperliquid-hlp-lending-yields-idle-usdc-to-margin-loans-66454