Project X · Hyperliquid L1

WHYPE-USD₮0 (0.05%)

Overview

The Project X WHYPE-USD€0 pool on Hyperliquid L1 is a multi-asset liquidity position where providers earn variable returns from trading fees generated by the protocol's decentralized exchange activities. The total APY stands at 24.83%, with no additional reward component. Over the past week, the rate has risen by 15.37% and over the last month it increased by 9.38%, placing the current yield above the 30-day mean of 19.87%. TVL in this pool is $1.79M with no reported change over the past week, exposing liquidity providers to impermanent loss due to its multi-asset nature. The protocol's decentralized exchange operations attract significant trading volume, contributing to stable fee generation for liquidity providers.

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 28.51%; 30-day mean is 45.37%. Yields can change as TVL and incentive emissions change.

• DefiLlama yield prediction

  DefiLlama's model classifies this pool's yield as "Down" with 71% confidence based on historical patterns.

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