# Non-EVM Asset as Collateral

The following guide describes how a user can use <mark style="color:green;">**HYPE tokens as collateral**</mark> to borrow from Arkis through "wrapping".

More information on "wrapping" can be found at [Non-EVM Assets as Collateral](/home/for-borrowers/non-evm-assets-as-collateral.md)

Trade video tutorial can be found at [Non-EVM Asset as Collateral](/home/non-evm-asset-as-collateral.md)

## Issuing arkisHYPE

An Asset Manager can request that their HYPE tokens be wrapped into ArkisHYPE, an ERC-20 token representing a 1:1 HYPE token in the Arkis ecosystem.&#x20;

### Why arkisHYPE?

As Arkis Protocol operates on the Ethereum main net, users can only use ERC tokens as collateral within Arkis. However, if an Asset Manager wants to collateralise non-Ethereum chain (and even non-EVM) assets, they can still do this through Arkis.&#x20;

The process is the following:&#x20;

1. Send HYPE tokens to the Arkis wrapper contract on Hyper EVM.&#x20;
2. Arkis issues arkisHYPE ERC-20 token and sends it to Asset Manager's address on Ethereum main net.&#x20;
3. Arkis prices arkisHYPE 1:1 to HYPE using Hyperliquid's market price feed.&#x20;
4. Arkis creates a pool where arkisHYPE is whitelisted as a collateral asset.&#x20;
5. Asset Manager can take leverage using arkisHYPE as collateral.&#x20;

When the trade is closed, the Asset Manager returns arkisHYPE to redeem their HYPE tokens.&#x20;


---

# Agent Instructions: Querying This Documentation

If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question.

Perform an HTTP GET request on the current page URL with the `ask` query parameter:

```
GET https://docs.arkis.xyz/home/for-borrowers/examples-of-trades/non-evm-asset-as-collateral.md?ask=<question>
```

The question should be specific, self-contained, and written in natural language.
The response will contain a direct answer to the question and relevant excerpts and sources from the documentation.

Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.