Morpho Blue · Hyperliquid L1

FEHYPE

Overview

The Morpho Blue FEHYPE pool on Hyperliquid L1 is a lending position where suppliers earn variable interest on deposits of the FEHYPE token, which is part of the Morpho Blue protocol's suite of DeFi products designed to enhance liquidity and yield generation for users.

Total APY stands at 2.42%, with no additional reward component. Over the past week, this rate has increased by 1.75%, while over the last month it has declined by 1.02%. This current rate is above the 30-day mean of 1.14%.

TVL in the pool totals $43.5M with no reported change over the past week. The primary risk here is smart-contract exposure, given that this is a single-asset lending position without impermanent loss concerns. Morpho Blue's protocol aims to optimize liquidity and interest rates dynamically, which can affect utilization levels but currently operates within expected parameters for this asset class.

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 0.56%; 30-day mean is 1.17%. Yields can change as TVL and incentive emissions change.

• DefiLlama yield prediction

  DefiLlama's model classifies this pool's yield as "Stable/Up" with 60% confidence based on historical patterns.

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