Project X · Hyperliquid L1

WHYPE-PURR (0.3%)

Overview

The Project X WHYPE-PURR pool on Hyperliquid L1 is a multi-asset liquidity position where providers earn variable returns from trading fees generated by the decentralized exchange activities. The protocol aggregates liquidity across multiple assets, enabling users to trade various tokens with each other.

Total APY stands at 23.76%, with no additional reward component. Over the past week, this rate has increased by 13.27% and over the last month it rose by 21.79%, significantly outpacing the 30-day mean of 5.82%.

TVL currently sits at $154K with no reported change over the previous seven days. The primary risk for this pool is impermanent loss due to its multi-asset composition, exposing liquidity providers to price fluctuations between paired tokens.

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 4.86%; 30-day mean is 10.48%. Yields can change as TVL and incentive emissions change.

• DefiLlama yield prediction

  DefiLlama's model classifies this pool's yield as "Stable/Up" with 67% confidence based on historical patterns.

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