nest CL · Hyperliquid L1

WHYPE-USDC (0.0805%)

Overview

The NEST V1 WHYPE-USDC pool on Hyperliquid L1 is a liquidity position for trading pairs, generating yield through fees earned from trades executed against the pooled liquidity. The protocol attracts traders by offering depth and low slippage on the WHYPE-USDC pair. Total APY stands at 94.72%, entirely driven by reward incentives with no base yield component. Over the past week, this rate has risen by 26.94% and over the last month it increased by 42.99%. This current APY is well above the 30-day average of 70.38%. TVL in the pool amounts to $2.68M with no reported change over the past week. The primary risk here involves impermanent loss due to the multi-asset nature of the liquidity pair, exposing users to price fluctuations between WHYPE and USDC. Liquidity depth remains strong for this DEX pair within the NEST V1 protocol ecosystem.

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 71.02%; 30-day mean is 127.24%. Yields can change as TVL and incentive emissions change.

• DefiLlama yield prediction

  DefiLlama's model classifies this pool's yield as "Down" with 81% confidence based on historical patterns.

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