What is the best stablecoin yield on Hyperliquid right now?
9 stablecoin yield products on Hyperliquid in our data state a yield. The highest right now is Morpho Blue — FEUSDCV2 lending on Hyperliquid L1 at 7.92% (variable, DefiLlama 2026-11-11). The range runs from 1.95% (Hyperliquid Earn — USDT0 lending on Hyperliquid L1) to 7.92%. Yields are variable and not guaranteed.
Where you hold your stablecoins decides which markets you can use without bridging. These are the lending markets, vaults and yield-bearing stablecoins on Hyperliquid in our data, with today’s rate. DeFi rates float with borrowing demand and are refreshed daily from DefiLlama; issuer yields come from the issuer.
How this list is made: Lending markets and vaults for a dollar or euro stablecoin, and yield-bearing stablecoins, on Hyperliquid, with a stated rate above zero; sorted by rate, top 100.
Figures from our live dataset · data as of 2026-11-11 · this answer as JSON · not investment advice
| Token | Issuer | Yield / return | Minimum | KYC to buy | Chain |
|---|---|---|---|---|---|
| DL-MORPHOBLUE-FEUSDCV2-HYPERLIQUIDL1 Morpho Blue — FEUSDCV2 lending on Hyperliquid L1 | Morpho Blue (protocol) | 7.92% (variable, DefiLlama 2026-11-11) checked 11 Nov 2026 | None | Not stated | Hyperliquid L1 |
| DL-HARMONIXFINANCE-USDC-HYPERLIQUIDL1 Harmonix Finance — USDC vault on Hyperliquid L1 | Harmonix Finance (protocol) | 6.31% (variable, DefiLlama 2026-11-11) checked 11 Nov 2026 | None | Not stated | Hyperliquid L1 |
| DL-MORPHOBLUE-FEUSDT0V2-HYPERLIQUIDL1 Morpho Blue — FEUSDT0V2 lending on Hyperliquid L1 | Morpho Blue (protocol) | 5.72% (variable, DefiLlama 2026-11-11) checked 11 Nov 2026 | None | Not stated | Hyperliquid L1 |
| DL-MORPHOBLUE-FEUSDT0-HYPERLIQUIDL1 Morpho Blue — FEUSDT0 lending on Hyperliquid L1 | Morpho Blue (protocol) | 5.64% (variable, DefiLlama 2026-11-11) checked 11 Nov 2026 | None | Not stated | Hyperliquid L1 |
| DL-HYPERLENDPOOLED-USDC-HYPERLIQUIDL1 HyperLend Pooled — USDC lending on Hyperliquid L1 | HyperLend Pooled (protocol) | 4.67% (variable, DefiLlama 2026-11-11) checked 11 Nov 2026 | None | Not stated | Hyperliquid L1 |
| DL-MORPHOBLUE-FEUSDC-HYPERLIQUIDL1 Morpho Blue — FEUSDC lending on Hyperliquid L1 | Morpho Blue (protocol) | 4.47% (variable, DefiLlama 2026-11-11) checked 11 Nov 2026 | None | Not stated | Hyperliquid L1 |
| DL-FELIXCDP-FEUSD-HYPERLIQUIDL1 Felix CDP — FEUSD lending (WHYPE Stability Pool) on Hyperliquid L1 | Felix CDP (protocol) | 3.92% (variable, DefiLlama 2026-11-11) checked 11 Nov 2026 | None | Not stated | Hyperliquid L1 |
| DL-HYPERLIQUIDEARN-USDC-HYPERLIQUIDL1 Hyperliquid Earn — USDC lending on Hyperliquid L1 | Hyperliquid Earn (protocol) | 3.09% (variable, DefiLlama 2026-11-11) checked 11 Nov 2026 | None | Not stated | Hyperliquid L1 |
| DL-HYPERLIQUIDEARN-USDT0-HYPERLIQUIDL1 Hyperliquid Earn — USDT0 lending on Hyperliquid L1 | Hyperliquid Earn (protocol) | 1.95% (variable, DefiLlama 2026-11-11) checked 11 Nov 2026 | None | Not stated | Hyperliquid L1 |
More questions
Which of them can I buy without KYC?
None of them is stated as buyable without KYC.
Where does the yield come from?
DL-MORPHOBLUE-FEUSDCV2-HYPERLIQUIDL1: Interest paid by borrowers. DL-HARMONIXFINANCE-USDC-HYPERLIQUIDL1: Vault strategy (mostly lending). DL-MORPHOBLUE-FEUSDT0V2-HYPERLIQUIDL1: Interest paid by borrowers. DL-MORPHOBLUE-FEUSDT0-HYPERLIQUIDL1: Interest paid by borrowers. DL-HYPERLENDPOOLED-USDC-HYPERLIQUIDL1: Interest paid by borrowers. DL-MORPHOBLUE-FEUSDC-HYPERLIQUIDL1: Interest paid by borrowers. DL-FELIXCDP-FEUSD-HYPERLIQUIDL1: Interest paid by borrowers. DL-HYPERLIQUIDEARN-USDC-HYPERLIQUIDL1: Interest paid by borrowers. DL-HYPERLIQUIDEARN-USDT0-HYPERLIQUIDL1: Interest paid by borrowers.
Which is the largest?
By size, DL-HYPERLIQUIDEARN-USDC-HYPERLIQUIDL1 at $195M, followed by DL-MORPHOBLUE-FEUSDCV2-HYPERLIQUIDL1 at $14M and DL-HARMONIXFINANCE-USDC-HYPERLIQUIDL1 at $13M. Size is not safety, but a larger product usually means a deeper market to sell into.
Are these yields fixed?
9 of 9 are variable: the rate moves with markets and is not guaranteed. The figures on this page were last checked on 2026-11-11.