> For the complete documentation index, see [llms.txt](https://docs.hyperbolicprotocol.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.hyperbolicprotocol.com/protocol-summary.md).

# Protocol Summary

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* Borrowers deposit anything from stable to exotic crypto assets as collateral and borrow ETH to be paid back over time.
* HYPE investors earn [real sustainable yield](/protocol-rewards.md) from collected [origination](/borrowing.md#origination-fees) & [APR](/borrowing.md#apr) fees without staking.
* There is both a prioritized protocol-owned lending pool that pays 100% of fees to HYPE holders and an external pool that LPs earn the lion share of fees by providing lending liquidity.
* All position health & LTV calculations are 100% on-chain & secure.
* Wide variety of loan collateral options available with the ability to add more with ease.
* Easy to adjust [token taxes](/tokenomics.md#token-trade-tax) and [APR](/borrowing.md#apr) floor & ceiling to ensure competitiveness with the industry.
* No possibility of cascading liquidations for HYPE loans.
* Collateralized HYPE loans still earn protocol fees for borrowers.