HyperLend Launches Veto Council to Enhance Protocol Security Ahead of HYPE Rewards on June 26

HYPE1.66%
According to Foresight News, HyperLend, a lending protocol on HyperEVM, launched Veto Council on June 26 to strengthen its security measures. The Veto Council, composed of core partners, investors, and key Hyperliquid community members, serves as a safeguard capable of canceling queued protocol multisig transactions if the core team is compromised. Additionally, the first season of HYPE treasury rewards goes live on June 26, with users required to maintain positions for at least 45 days to qualify for interest rewards.
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