More details coming soon.

Benefits

• No matter how complex your protocol is, you won’t have trouble sourcing liquidity.
  • No need for an expensive pre-launch liquidity sourcing campaign.
• You don’t have to pay enormous incentives to attract and keep as large a TVL as possible, most of which won’t be used anyways.
• Depending on the type of borrowing integration used, you can greatly simplify your smart contract and massively reduce auditing costs.

Costs

There is only one requirement, but you can optionally offer incentives for different reasons.

We require integrators to stake some of our token $PLEX as a promise they won’t do anything malicious. The exact amount depends on your audits and the type of borrowing integration. This amount also degrades over time as trust builds. Instead of buying and staking $PLEX yourself, you can incentive existing $PLEX stakers to delegate on your behalf. In the beginning, the treasury is willing to lend $PLEX to integrators for this purpose.

Places where you might want to offer incentives:

• To stakers so they’ll delegate their stake to you.
• If you want to avoid paying either the demand-based funding fee or the base fee when borrowing liquidity, you can offer incentives to LPs instead.

Integration Procedure

TBA

Borrowing Constraints

Borrows can be done in two ways:

• Secured: We allocate assets into a position you own, but the assets never move off of Hyperplex. This type of borrowing requires a much smaller stake.
• Unsecured: We actually transfer assets to you to use. These have limits, require collateral, audits, and more. The required stake is also higher.

Regardless of the type of borrow, collateral must be posted for fees accrued and the collateral returned adheres to the lender’s curve equation (this is done automatically for you).