The Hyperliquid team is testing a new protocol, BLP, on the Hypercore testnet, as reported by MLM on the X platform. BLP is believed to stand for BorrowLendingProtocol, suggesting it could be a native lending market on Hypercore. The protocol currently supports USDC and PURR cryptocurrencies for lending, providing, and withdrawing functions. While there is speculation about the introduction of a multi-margin trading layer, this remains unconfirmed.