Morpho Blue · Hyperliquid L1

THBILL

Overview

The Morpho Blue THBILL pool on Hyperliquid L1 is a single-asset lending position where suppliers earn variable interest on deposits of the token THBILL, which represents a stablecoin-like asset within the Morpho Blue protocol’s lending ecosystem. The total APY stands at 0%, with no additional reward component and no trend data available over the past week or month. TVL in the pool is $1.18M, with no reported change over the last seven days. Primary exposure here is to smart-contract risk due to the single-asset nature of the pool without impermanent loss concerns. Given its role as a lending position, the utilization rate reflects typical levels for such pools within Morpho Blue’s protocol category.

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

  Yields can change as TVL and incentive emissions change. The current APY is not a guarantee.

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