Project X · Hyperliquid L1

WHYPE-USDC (0.3%)

Overview

The Project X WHYPE-USDC pool on Hyperliquid L1 is a multi-asset liquidity position where providers earn yield through trading fees generated by the decentralized exchange activity. The protocol aggregates liquidity across multiple assets, with WHYPE-USDC serving as one of its key pairs.

Total APY stands at 57.39%, with no additional reward component. Over the past week, this rate has risen by 21.94% and over the last month it has increased by 22.81%. This current yield is above the 30-day average of 49.98%.

TVL in the pool totals $3.25M with no reported change over the past week. The primary risk for liquidity providers here is impermanent loss due to the multi-asset nature of the pool, alongside smart-contract vulnerabilities. Depth and stability of liquidity are key factors influencing yield performance within this DeFi exchange 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 15.42%; 30-day mean is 40.12%. Yields can change as TVL and incentive emissions change.

• DefiLlama yield prediction

  DefiLlama's model classifies this pool's yield as "Stable/Up" with 68% confidence based on historical patterns.

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