nest CL · Hyperliquid L1

WHYPE-UBTC (0.2%)

Overview

The NEST V1 WHYPE-UBTC pool on Hyperliquid L1 is a multi-asset liquidity position that generates yield through trading fees from decentralized exchange activities. Users deposit tokens to provide liquidity and earn rewards based on the volume of trades executed against their pooled assets.

Total APY stands at 86.59%, entirely driven by reward incentives with no base yield component. Over the past week, this rate has risen by 39.47% and over the month it has increased by 15.71%, significantly outpacing the 30-day average of 57.11%.

TVL currently sits at $559K with no reported change in the last seven days. The primary risk for this pool is impermanent loss due to its multi-asset nature, exposing liquidity providers to price fluctuations between paired tokens. This high-risk profile aligns with the volatile trading environment typical of decentralized exchanges.

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.

• 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 57.29%; 30-day mean is 111.14%. Yields can change as TVL and incentive emissions change.

• DefiLlama yield prediction

  DefiLlama's model classifies this pool's yield as "Down" with 58% confidence based on historical patterns.

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