HyperLend is gearing up for the launch of its staking and locking features, set to debut shortly after the upcoming token generation event (TGE). As anticipation builds, the protocol has issued a reminder to users to rely solely on official communications regarding the token's status. According to the official information, users should be cautious of unofficial announcements that may lead to confusion.
HyperLend Team Clarifies Token Status
The HyperLend team has clarified that the token is not yet operational, urging the community to stay informed through official channels to avoid misinformation. This proactive approach aims to ensure that users are well-prepared for the features that will enhance their engagement with the platform.
Rebate Structure and User Incentives
In addition, the protocol has outlined that rebates will be sourced from the reserve factor, with distributions contingent upon specific staking or locking criteria. This structure is designed to incentivize user participation and foster a robust ecosystem as HyperLend prepares for its next phase.
As HyperLend prepares for its upcoming features, the Stacks ecosystem has recently entered a maturation phase, signaling potential growth for STX tokens. For more details, see the full article here.
