nest CL · Hyperliquid L1

USDC-USDT0 (0.002%)

Overview

The NEST V1 USDC-USDT0 pool on Hyperliquid L1 is a single-asset stablecoin liquidity position where providers earn yield from trading fees generated by the protocol’s decentralized exchange activity. Total APY stands at 12.39%, combining base rewards with an additional incentive layer. The 7-day trend shows a decline of 8.55%, while no data is available for the 30-day trend; however, this rate currently falls below the 30-day mean of 19.94%. TVL remains at $241K without any reported change over the past week. Primary exposure includes impermanent loss risk due to multi-asset involvement, despite no direct IL risk indicated by the pool’s metadata. This liquidity depth supports trading activity on the DEX but exposes providers to volatility in both USDC and USDT values.

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.

• Depeg risk

  The pool is built on stablecoins. A depeg of any underlying asset would impact returns and principal.

• Yield variability

  Current APY is 6.78%; 30-day mean is 15.12%. Yields can change as TVL and incentive emissions change.

• DefiLlama yield prediction

  DefiLlama's model classifies this pool's yield as "Stable/Up" with 85% confidence based on historical patterns.

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