Project X · Hyperliquid L1

WHYPE-USDC (0.05%)

Overview

The Project X WHYPE-USDC pool on Hyperliquid L1 is a liquidity position for the token pair WHYPE and USDC, facilitating trades through automated market-making. This DeFi protocol generates yield by charging fees on swaps executed against this liquidity.

Total APY stands at 35.60%, with no separate reward component. The 7-day trend shows an increase of 20.93% while the 30-day trend indicates growth of 16.41%. This current rate exceeds the 30-day mean of 31.21%.

TVL is $12.2M, with no reported 7-day change data available. The primary risk for this multi-asset pool includes impermanent loss exposure due to price fluctuations affecting liquidity providers. Given its position within a decentralized exchange ecosystem, the depth and reliability of liquidity are critical factors influencing performance.

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 37.10%; 30-day mean is 57.51%. Yields can change as TVL and incentive emissions change.

• DefiLlama yield prediction

  DefiLlama's model classifies this pool's yield as "Down" with 60% confidence based on historical patterns.

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