Theo Network thBill · Hyperliquid L1

THBILL

Overview

The Theo Network thBill THBILL pool on Hyperliquid L1 is a single-asset position that generates yield from real-world asset-backed tokens, specifically THBILL. The protocol facilitates the issuance and trading of these tokens, which represent claims on underlying assets.

Total APY stands at 3.49%, with no separate reward component. Over the past week, the rate has declined by 0.83%, while over the last month it has increased by 0.54%. This current rate is slightly below the 30-day mean of 3.54%.

TVL in the pool is $3.05M with no reported change over the past week. The primary risk exposure here is smart-contract risk, given that this is not a stablecoin or multi-asset liquidity pool.

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.

• Yield variability

  Current APY is 3.22%; 30-day mean is 3.48%. Yields can change as TVL and incentive emissions change.

• DefiLlama yield prediction

  DefiLlama's model classifies this pool's yield as "Down" with 50% confidence based on historical patterns.

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