Ramses CL V2 · Hyperliquid L1

UBTC-USDC (CL 0.12%)

Overview

The Ramses HL UBTC-USDC pool on Hyperliquid L1 is a liquidity position that generates yield through trading fee accrual from the decentralized exchange (Dex). Users deposit an equal amount of both UBTC and USDC tokens to create this liquidity pair, with Ramses HL collecting fees from trades executed against this liquidity. This pool competes among several venues for similar token pairs on Hyperliquid L1.

Total APY stands at 49.05%, combining base yield with a reward layer. Over the past seven days, the APY has declined by 43.86% and over thirty days it is down 20.50%. The current rate of 49.05% falls below the 30-day mean of 110.27%, indicating a trend of yield compression. This suggests that recent trading activity has been less profitable for liquidity providers.

TVL currently sits at $59,103, with no specific data on its seven-day change available, implying stability given the pool's size. The primary risk exposure is impermanent loss (IL) due to the multi-asset nature of this liquidity provision. Additionally, trading volume and liquidity depth play crucial roles in determining the pool’s profitability for liquidity providers.

Composed 2026-05-22 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 191.67%; 30-day mean is 98.04%. Yields can change as TVL and incentive emissions change.

• DefiLlama yield prediction

  DefiLlama's model classifies this pool's yield as "Down" with 99% confidence based on historical patterns.

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