nest CL · Hyperliquid L1

KNTQ-WHYPE (0.25%)

Overview

The NEST V1 KNTQ-WHYPE pool on Hyperliquid L1 is a liquidity position token for an automated market maker (AMM) protocol, where users earn trading fees from providing liquidity to the AMM pair. The protocol generates yield by charging traders who execute swaps against pooled liquidity and distributing those fees back to liquidity providers. This pool competes with other venues offering similar tokens on Hyperliquid L1.

The total APY is 161.15%, comprising base yields alone since there's no additional reward layer. Over the past seven days, the APY has decreased by 5.63%, and trend data for the last thirty days is not available. The current rate stands above the thirty-day mean of 154.06%. This suggests a recent decline in trading activity or fee generation.

TVL at $79M shows stability given its relatively small size. Over the past seven days, TVL has declined slightly, reflecting modest liquidity adjustments. Primary exposure for this multi-asset pool is impermanent loss (IL), as users face price deviation risks when swapping tokens. Additionally, liquidity depth in this AMM pool influences trading slippage and fee distribution efficiency.

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.

• Impermanent loss

  This pool holds multiple assets, so price divergence between them can reduce your USD value below what holding the assets separately would yield.

• Yield variability

  Current APY is 111.62%; 30-day mean is 158.15%. Yields can change as TVL and incentive emissions change.

• DefiLlama yield prediction

  DefiLlama's model classifies this pool's yield as "Down" with 75% confidence based on historical patterns.

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