Project X · Hyperliquid L1

KNTQ-WHYPE (1%)

Overview

The Project X KNTQ-WHYPE pool on Hyperliquid L1 is a liquidity position within the decentralized exchange category, where users provide liquidity to earn trading fees generated by the protocol. Total APY stands at 46.68%, with no additional reward component. Over the past seven days, this rate has increased by 40.18% and over thirty days by 22.36%, significantly exceeding the 30-day mean of 41.34%. TVL currently sits at $319K without a reported change over the last week. The primary risk for participants is impermanent loss due to the multi-asset nature of the pool. Given its liquidity depth, this pool attracts substantial trading volume, which enhances fee generation potential but also amplifies exposure to price volatility across multiple assets.

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 3.59%; 30-day mean is 19.48%. Yields can change as TVL and incentive emissions change.

• DefiLlama yield prediction

  DefiLlama's model classifies this pool's yield as "Down" with 59% confidence based on historical patterns.

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