Euler V2 · Hyperliquid L1

WHYPE (EVK Vault eWHYPE-2)

Overview

The Euler V2 WHYPE pool on Hyperliquid L1 is a lending position where suppliers earn variable interest on deposits of the eWHYPE-2 token, which represents staked WHYPE in an EVK Vault. This protocol generates yield by matching supply with borrowing demand and distributing the resulting interest to lenders.

Total APY stands at 0.86%, with no additional reward component. The 7-day trend shows a rise of 0.71% while the 30-day trend indicates growth of 0.38%. This current rate is above the 30-day mean of 0.38%.

TVL in this pool amounts to $218K, with no data available on recent changes. The primary risk here stems from smart-contract vulnerabilities, given it’s a lending arrangement for a non-stablecoin asset. Euler V2 operates within typical parameters for its category, balancing supply and demand efficiently.

Composed 2026-05-20 from the structured data above. See methodology for the full pipeline.

Risk profile

• Smart contract risk

  Funds are deposited into a smart contract. A bug or exploit in the contract could lead to total loss. Audits reduce, but do not eliminate, this risk. Check the protocol page for audit history.

• Yield variability

  Current APY is 0.78%; 30-day mean is 0.81%. Yields can change as TVL and incentive emissions change.

• DefiLlama yield prediction

  DefiLlama's model classifies this pool's yield as "Stable/Up" with 53% confidence based on historical patterns.

These notes are derived from the pool's structured data, not editorial advice. See our methodology.