Euler V2 · Hyperliquid L1

WHYPE (EVK Vault eWHYPE-3)

Overview

The Euler V2 WHYPE pool on Hyperliquid L1 is a single-asset lending position where suppliers earn variable interest on deposits of the token WHYPE. The protocol generates yield by routing borrowing demand against pooled liquidity and distributing the resulting interest spread to lenders. This pool stands as one of several venues for WHYPE on this chain, offering a specialized market for the asset.

The total APY is 11.21%, with no additional reward component since `apy_reward` is null. Over the past seven days, the rate has increased by 6.21% and over thirty days, it has risen by 6.50%. The current APY exceeds the 30-day mean of 6.82%, indicating expanding yield for lenders.

TVL in this pool stands at $9.2M with no recent change data available. Given its modest size, any shifts would be relatively noticeable against the absolute amount. The primary risk here is smart-contract exposure, as there is no IL risk noted for single-asset pools. For a lending protocol, the Euler V2 WHYPE pool operates within typical parameters for both liquidity and interest rate responsiveness to borrower demand.

Composed 2026-05-22 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 0.82%; 30-day mean is 4.05%. Yields can change as TVL and incentive emissions change.

• DefiLlama yield prediction

  DefiLlama's model classifies this pool's yield as "Stable/Up" with 81% confidence based on historical patterns.

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