{"slug":"stablecoin-yield-on-hyperliquid","question":"What is the best stablecoin yield on Hyperliquid right now?","answer":"9 stablecoin yield products on Hyperliquid in our data state a yield.","shortAnswer":"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 7.68% (variable, DefiLlama 2026-11-12). The range runs from 1.96% (Hyperliquid Earn — USDT0 lending on Hyperliquid L1) to 7.68%. Yields are variable and not guaranteed.","asOf":"2026-11-12","faq":[{"q":"Which of them can I buy without KYC?","a":"None of them is stated as buyable without KYC."},{"q":"Where does the yield come from?","a":"DL-MORPHOBLUE-FEUSDCV2-HYPERLIQUIDL1: Interest paid by borrowers. DL-MORPHOBLUE-FEUSDT0V2-HYPERLIQUIDL1: Interest paid by borrowers. DL-MORPHOBLUE-FEUSDT0-HYPERLIQUIDL1: Interest paid by borrowers. DL-HARMONIXFINANCE-USDC-HYPERLIQUIDL1: Vault strategy (mostly lending). 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."},{"q":"Which is the largest?","a":"By size, DL-HYPERLIQUIDEARN-USDC-HYPERLIQUIDL1 at $190M, followed by DL-MORPHOBLUE-FEUSDCV2-HYPERLIQUIDL1 at $15M and DL-HARMONIXFINANCE-USDC-HYPERLIQUIDL1 at $13M. Size is not safety, but a larger product usually means a deeper market to sell into."},{"q":"Are these yields fixed?","a":"9 of 9 are variable: the rate moves with markets and is not guaranteed. The figures on this page were last checked on 2026-11-12."}],"count":9,"rows":[{"ticker":"DL-MORPHOBLUE-FEUSDCV2-HYPERLIQUIDL1","name":"Morpho Blue — FEUSDCV2 lending on Hyperliquid L1","issuer":"Morpho Blue (protocol)","category":"DeFi Lending","yield":"7.68% (variable, DefiLlama 2026-11-12)","yieldPct":7.68,"yieldKind":"variable","minimumUsd":null,"size":"$14.7M","chains":"Hyperliquid L1","country":"Decentralized protocol","kycSecondary":"unknown","maturity":null,"lifecycle":"live","isin":null,"contract":null,"source":"https://defillama.com/yields/pool/32123361-6ab0-5d1c-b057-5f34c558fb3d","lastVerified":"2026-11-12","tier":"imported","page":"https://tokenbank.world/token/DL-MORPHOBLUE-FEUSDCV2-HYPERLIQUIDL1","json":"https://tokenbank.world/api/tokens/DL-MORPHOBLUE-FEUSDCV2-HYPERLIQUIDL1"},{"ticker":"DL-MORPHOBLUE-FEUSDT0V2-HYPERLIQUIDL1","name":"Morpho Blue — FEUSDT0V2 lending on Hyperliquid L1","issuer":"Morpho Blue (protocol)","category":"DeFi Lending","yield":"6.29% (variable, DefiLlama 2026-11-12)","yieldPct":6.29,"yieldKind":"variable","minimumUsd":null,"size":"$3.4M","chains":"Hyperliquid L1","country":"Decentralized protocol","kycSecondary":"unknown","maturity":null,"lifecycle":"live","isin":null,"contract":null,"source":"https://defillama.com/yields/pool/11b994db-6487-56d9-b17d-727b24e89c4e","lastVerified":"2026-11-12","tier":"imported","page":"https://tokenbank.world/token/DL-MORPHOBLUE-FEUSDT0V2-HYPERLIQUIDL1","json":"https://tokenbank.world/api/tokens/DL-MORPHOBLUE-FEUSDT0V2-HYPERLIQUIDL1"},{"ticker":"DL-MORPHOBLUE-FEUSDT0-HYPERLIQUIDL1","name":"Morpho Blue — FEUSDT0 lending on Hyperliquid L1","issuer":"Morpho Blue (protocol)","category":"DeFi Lending","yield":"6.21% (variable, DefiLlama 2026-11-12)","yieldPct":6.21,"yieldKind":"variable","minimumUsd":null,"size":"$2.1M","chains":"Hyperliquid L1","country":"Decentralized protocol","kycSecondary":"unknown","maturity":null,"lifecycle":"live","isin":null,"contract":null,"source":"https://defillama.com/yields/pool/d716dd56-359d-4dad-b89b-ac8f95df505e","lastVerified":"2026-11-12","tier":"imported","page":"https://tokenbank.world/token/DL-MORPHOBLUE-FEUSDT0-HYPERLIQUIDL1","json":"https://tokenbank.world/api/tokens/DL-MORPHOBLUE-FEUSDT0-HYPERLIQUIDL1"},{"ticker":"DL-HARMONIXFINANCE-USDC-HYPERLIQUIDL1","name":"Harmonix Finance — USDC vault on Hyperliquid L1","issuer":"Harmonix Finance (protocol)","category":"DeFi Lending","yield":"5.91% (variable, DefiLlama 2026-11-12)","yieldPct":5.91,"yieldKind":"variable","minimumUsd":null,"size":"$12.9M","chains":"Hyperliquid L1","country":"Decentralized protocol","kycSecondary":"unknown","maturity":null,"lifecycle":"live","isin":null,"contract":null,"source":"https://defillama.com/yields/pool/f06872f7-a5c9-478e-a7cf-a3ba356b99e6","lastVerified":"2026-11-12","tier":"imported","page":"https://tokenbank.world/token/DL-HARMONIXFINANCE-USDC-HYPERLIQUIDL1","json":"https://tokenbank.world/api/tokens/DL-HARMONIXFINANCE-USDC-HYPERLIQUIDL1"},{"ticker":"DL-HYPERLENDPOOLED-USDC-HYPERLIQUIDL1","name":"HyperLend Pooled — USDC lending on Hyperliquid L1","issuer":"HyperLend Pooled (protocol)","category":"DeFi Lending","yield":"5.19% (variable, DefiLlama 2026-11-12)","yieldPct":5.19,"yieldKind":"variable","minimumUsd":null,"size":"$4.8M","chains":"Hyperliquid L1","country":"Decentralized protocol","kycSecondary":"unknown","maturity":null,"lifecycle":"live","isin":null,"contract":null,"source":"https://defillama.com/yields/pool/9d21c8a0-4ea9-4585-81a7-e3d09ab24a45","lastVerified":"2026-11-12","tier":"imported","page":"https://tokenbank.world/token/DL-HYPERLENDPOOLED-USDC-HYPERLIQUIDL1","json":"https://tokenbank.world/api/tokens/DL-HYPERLENDPOOLED-USDC-HYPERLIQUIDL1"},{"ticker":"DL-MORPHOBLUE-FEUSDC-HYPERLIQUIDL1","name":"Morpho Blue — FEUSDC lending on Hyperliquid L1","issuer":"Morpho Blue (protocol)","category":"DeFi Lending","yield":"4.46% (variable, DefiLlama 2026-11-12)","yieldPct":4.46,"yieldKind":"variable","minimumUsd":null,"size":"$2.7M","chains":"Hyperliquid L1","country":"Decentralized protocol","kycSecondary":"unknown","maturity":null,"lifecycle":"live","isin":null,"contract":null,"source":"https://defillama.com/yields/pool/8622e84a-794b-4b68-aad2-a6a2e0e0d2c7","lastVerified":"2026-11-12","tier":"imported","page":"https://tokenbank.world/token/DL-MORPHOBLUE-FEUSDC-HYPERLIQUIDL1","json":"https://tokenbank.world/api/tokens/DL-MORPHOBLUE-FEUSDC-HYPERLIQUIDL1"},{"ticker":"DL-FELIXCDP-FEUSD-HYPERLIQUIDL1","name":"Felix CDP — FEUSD lending (WHYPE Stability Pool) on Hyperliquid L1","issuer":"Felix CDP (protocol)","category":"DeFi Lending","yield":"4.02% (variable, DefiLlama 2026-11-12)","yieldPct":4.02,"yieldKind":"variable","minimumUsd":null,"size":"$4.7M","chains":"Hyperliquid L1","country":"Decentralized protocol","kycSecondary":"unknown","maturity":null,"lifecycle":"live","isin":null,"contract":null,"source":"https://defillama.com/yields/pool/2bae7cf8-d278-4b27-9959-7f5f92c6f14b","lastVerified":"2026-11-12","tier":"imported","page":"https://tokenbank.world/token/DL-FELIXCDP-FEUSD-HYPERLIQUIDL1","json":"https://tokenbank.world/api/tokens/DL-FELIXCDP-FEUSD-HYPERLIQUIDL1"},{"ticker":"DL-HYPERLIQUIDEARN-USDC-HYPERLIQUIDL1","name":"Hyperliquid Earn — USDC lending on Hyperliquid L1","issuer":"Hyperliquid Earn (protocol)","category":"DeFi Lending","yield":"3.12% (variable, DefiLlama 2026-11-12)","yieldPct":3.12,"yieldKind":"variable","minimumUsd":null,"size":"$189.7M","chains":"Hyperliquid L1","country":"Decentralized protocol","kycSecondary":"unknown","maturity":null,"lifecycle":"live","isin":null,"contract":null,"source":"https://defillama.com/yields/pool/6cd85774-b80b-5fd4-8194-7b4126b24634","lastVerified":"2026-11-12","tier":"imported","page":"https://tokenbank.world/token/DL-HYPERLIQUIDEARN-USDC-HYPERLIQUIDL1","json":"https://tokenbank.world/api/tokens/DL-HYPERLIQUIDEARN-USDC-HYPERLIQUIDL1"},{"ticker":"DL-HYPERLIQUIDEARN-USDT0-HYPERLIQUIDL1","name":"Hyperliquid Earn — USDT0 lending on Hyperliquid L1","issuer":"Hyperliquid Earn (protocol)","category":"DeFi Lending","yield":"1.96% (variable, DefiLlama 2026-11-12)","yieldPct":1.96,"yieldKind":"variable","minimumUsd":null,"size":"$2.0M","chains":"Hyperliquid L1","country":"Decentralized protocol","kycSecondary":"unknown","maturity":null,"lifecycle":"live","isin":null,"contract":null,"source":"https://defillama.com/yields/pool/70f5997c-1008-52dc-95c9-0087e2b07ebb","lastVerified":"2026-11-12","tier":"imported","page":"https://tokenbank.world/token/DL-HYPERLIQUIDEARN-USDT0-HYPERLIQUIDL1","json":"https://tokenbank.world/api/tokens/DL-HYPERLIQUIDEARN-USDT0-HYPERLIQUIDL1"}],"programs":[],"underlyings":[],"sources":[],"_links":{"page":"https://tokenbank.world/answers/stablecoin-yield-on-hyperliquid","index":"https://tokenbank.world/api/v1/answers"},"_citation":"TokenBank, “What is the best stablecoin yield on Hyperliquid right now?”, https://tokenbank.world/answers/stablecoin-yield-on-hyperliquid (data as of 2026-11-12), CC BY 4.0.","_license":"CC BY 4.0 — https://creativecommons.org/licenses/by/4.0/","_disclaimer":"Computed from sourced data; yields are variable and not guaranteed. Not investment advice. Verify each row’s source before relying on it."}