WHYPE THBILL — 40.49% APY Staking Pool

IL RiskMulti-asset

The WHYPE THBILL pool on Project X (Hyperliquid L1) currently yields 40.49% APY with $11.9K in total value locked. Deposit your WHYPE, THBILL and earn passive DeFi yield — no KYC, no lockup, self-custodied.

By APY Hub · Reviewed by Ankit Sharma · Last reviewed: May 2026

Start Earning 40.49%

Pool Statistics

APY

40.49%

Base APY

40.49%

TVL

$11.9K

Protocol

Project X

Chain

Hyperliquid L1

Tokens

WHYPETHBILL

Get Exchange Bonus — Buy WHYPE, THBILL

Affiliate disclosure: APY Hub may earn a commission from partner links on this page. Bonuses and rates are subject to each exchange's terms; verify current offers before depositing.

Tangem

Safe wallet

10% discount

Ledger

Secure hardware wallet

Fast delivery

APY & TVL History

Historical APY and TVL data for WHYPE THBILL, sourced from the DeFiLlama API. Use the charts to assess whether the current yield is a recent spike or a sustained rate. Sudden APY jumps often indicate new incentive programs — verify whether they are ongoing before making deposit decisions.

About WHYPE THBILL

The WHYPE THBILL pool is a decentralized yield-generating position managed by the Project X protocol on the Hyperliquid L1 blockchain. Depositors provide WHYPE, THBILL liquidity and receive a share of the fees and rewards generated by pool activity — with no intermediaries, no KYC, and full on-chain transparency.

With 40.49% APY and $11.9K in total value locked, this pool represents an active liquidity opportunities in the Hyperliquid L1 DeFi ecosystem. The TVL figure reflects real user confidence — every dollar locked is a deposit from someone who chose this pool over thousands of alternatives.

How This Pool Generates Yield

Yield in WHYPE THBILL comes from trading fees and protocol activity (40.49% base APY). This fee-based yield is more sustainable than token-emission models since it directly reflects real economic activity through the pool.

Unlike centralized staking on exchanges, your deposit in WHYPE THBILL is secured by Project X's open-source smart contracts on Hyperliquid L1. You can verify the exact contract addresses, see every transaction in the pool, and withdraw your position at any time without requiring anyone's permission.

Who Should Use WHYPE THBILL?

This pool suits investors who already hold WHYPE, THBILL and want to put those assets to work beyond simply holding. Note that this is a multi-asset pool with impermanent loss risk — it suits investors who are comfortable holding both assets in the pair and are less concerned about optimizing the exact ratio.

How to Stake WHYPE, THBILL in Project X

Get Exchange Bonus

Follow these steps to start earning 40.49% APY in the WHYPE THBILL pool. The entire process takes 15–30 minutes for first-time DeFi users.

Step-by-Step Guide: Staking WHYPE, THBILL in Project X
Step	Action	Details & Tips
1	Buy WHYPE, THBILL	Purchase on Bybit, BINGX, or MEXC. Choose the Hyperliquid L1 network for withdrawal to save bridging fees.
2	Set up a wallet	Install MetaMask or use a Ledger hardware wallet. Add the Hyperliquid L1 network if not auto-detected.
3	Get Hyperliquid L1 for gas	Buy a small amount of Hyperliquid L1's native token to pay transaction fees (usually $1–10 worth).
4	Connect to Project X	Visit the official Project X app. Bookmark the URL. Never use links from DMs or social media.
5	Approve & deposit	Approve the token spend, confirm the deposit transaction. Yield starts accruing in the next block.
6	Track & harvest	Check back regularly. Some pools require manual reward claims — harvest and reinvest to maximize APY.

Gas Costs and Break-Even

On Hyperliquid L1, expect to spend approximately $2–$30 in gas for the deposit and withdrawal transactions combined. At 40.49% APY, a $4507 deposit recovers $5 in gas within a week. Scale your position accordingly — smaller deposits are better suited to low-fee chains.

Risk Assessment — WHYPE THBILL

Every DeFi investment involves risk. The table below summarizes the key risk factors specific to the WHYPE THBILL pool. Read carefully before depositing.

WHYPE THBILL — Full Risk Analysis
Risk Factor	Level	Description
Impermanent Loss	⚠️ Present	Multi-asset pool: if WHYPE, THBILL prices diverge significantly, your position value decreases relative to holding. Monitor price ratios actively.
Asset Price Risk	🟡 Moderate–High	WHYPE, THBILL can lose significant value. Your position's USD value moves with the asset price, independent of your yield.
Exposure Type	🟡 Multi Asset	Multi-asset exposure increases complexity. Understand how the pool rebalances before depositing.
Smart Contract	⚠️ Inherent	All DeFi protocols carry smart contract risk. Verify Project X's audit history before depositing.
Liquidity Risk	🟡 Monitor	Lower TVL means larger deposits may face slippage on entry/exit. Check current depth before depositing.
Protocol Risk	🟡 Verify audits	Review Project X's documentation, audit reports, and community reputation before committing large positions.

Frequently Asked Questions

What is the current APY for WHYPE THBILL?

The current APY for the WHYPE THBILL pool on Project X is 40.49%. This rate updates daily based on pool utilization, trading volume, and protocol incentives. Always verify the live rate on the Project X interface before depositing, as rates can shift significantly within hours.

What is the TVL of WHYPE THBILL?

The total value locked (TVL) in the WHYPE THBILL pool is currently $11.9K. Higher TVL indicates greater user trust and deeper liquidity — larger positions can enter and exit with minimal price impact.

How do I stake in WHYPE THBILL?

Acquire WHYPE, THBILL on a CEX like Bybit or BINGX, withdraw to a Hyperliquid L1-compatible wallet, visit the official Project X interface, connect your wallet, and deposit into the WHYPE THBILL pool. Your yield begins accruing immediately.

Is WHYPE THBILL safe to use?

Project X is a DeFi protocol. As with all DeFi, smart contract risk is inherent. Check Project X's audit history before depositing significant funds.

How do I withdraw from WHYPE THBILL?

Connect your wallet to the Project X interface, navigate to your position, and select "Withdraw" or "Remove Liquidity." Your principal plus accrued yield returns to your wallet, minus gas fees on the Hyperliquid L1 network.

Buy WHYPE, THBILL and Start Earning Today