HyperEVM vaults and stablecoin yields
Data last changed · by Joseph, Ethereum node operator
A short, hand-picked list of HyperEVM and HyperCore vaults, with live net APY and size from the protocols' own APIs. HLP trails at 3.36%.
- Across the 5 dollar vaults listed, net APY ranges from 3.36% (Hyperliquidity Provider (HLP)) to 6.35% (Felix USDT0).
- Higher APY usually means more borrowing demand or more risk, not a free lunch.
- This list is curated by hand and kept short on purpose.
| Vault | Asset | Where | Net APY | Size | Perf. fee | Risk notes |
|---|---|---|---|---|---|---|
| Hyperliquidity Provider (HLP) | USDC | HyperCore Market-making vault | 3.36% | $179.3M | No fee (HLP) | Trading losses are possible (HLP has had drawdown events). 4-day withdrawal lockup after deposit. APR is trailing, not promised. |
| Felix USDC | USDC | HyperEVM (Morpho) Lending vault | 3.68% | $4.0M | 10.00% | Lends to borrowers against crypto collateral. Bad debt, oracle and curator risk. Withdrawals depend on idle liquidity. |
| Felix USDT0 | USDT0 | HyperEVM (Morpho) Lending vault | 6.35% | $2.4M | 10.00% | As above, plus USDT0 bridge/issuer risk. |
| Gauntlet USDC | USDC | HyperEVM (Morpho) Lending vault | 3.76% | $1.5M | 10.00% | Lending, oracle and curator risk. Smaller vault, liquidity can be thin. |
| Felix USDe | USDe | HyperEVM (Morpho) Lending vault | 6.04% | $257,069 | 10.00% | USDe is a synthetic dollar (funding-rate based) with its own depeg risk. Small vault. |
| Felix HYPE | WHYPE | HyperEVM (Morpho) Lending vault (HYPE) | 0.48% | $4.3M | 10.00% | Earns in HYPE, so USD value swings with HYPE price. Lending and curator risk. |
HLP: Hyperliquid info API (vaultDetails, trailing APR). Morpho vaults: Morpho API (net APY after the curator fee). Not a ranking; not an endorsement.
Disclosure: no sponsored placements or affiliate links on this page yet. If we add any, they will be labeled here, and sponsors never change the data or the order of rows. How we make money