What is the best stablecoin yield on Hyperliquid right now?
7 stablecoin yield products on Hyperliquid in our data state a yield. The highest right now is Morpho Blue — FEUSDT0V2 lending on Hyperliquid L1 at 7.24% (variable, DefiLlama 2026-10-19). The range runs from 3.81% (HyperLend Pooled — USDC lending on Hyperliquid L1) to 7.24%. 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 2026-10-19 · this answer as JSON · not investment advice
| Token | Issuer | Yield / return | Minimum | KYC to buy | Chain |
|---|---|---|---|---|---|
| DL-MORPHOBLUE-FEUSDT0V2-HYPERLIQUIDL1 Morpho Blue — FEUSDT0V2 lending on Hyperliquid L1 | Morpho Blue (protocol) | 7.24% (variable, DefiLlama 2026-10-19) checked 19 Oct 2026 | None | Not stated | Hyperliquid L1 |
| DL-MORPHOBLUE-FEUSDCV2-HYPERLIQUIDL1 Morpho Blue — FEUSDCV2 lending on Hyperliquid L1 | Morpho Blue (protocol) | 6.57% (variable, DefiLlama 2026-10-19) checked 19 Oct 2026 | None | Not stated | Hyperliquid L1 |
| DL-MORPHOBLUE-FEUSDT0-HYPERLIQUIDL1 Morpho Blue — FEUSDT0 lending on Hyperliquid L1 | Morpho Blue (protocol) | 6.31% (variable, DefiLlama 2026-10-19) checked 19 Oct 2026 | None | Not stated | Hyperliquid L1 |
| DL-HARMONIXFINANCE-USDC-HYPERLIQUIDL1 Harmonix Finance — USDC vault on Hyperliquid L1 | Harmonix Finance (protocol) | 5.76% (variable, DefiLlama 2026-10-19) checked 19 Oct 2026 | None | Not stated | Hyperliquid L1 |
| DL-FELIXCDP-FEUSD-HYPERLIQUIDL1 Felix CDP — FEUSD lending (WHYPE Stability Pool) on Hyperliquid L1 | Felix CDP (protocol) | 5.11% (variable, DefiLlama 2026-10-19) checked 19 Oct 2026 | None | Not stated | Hyperliquid L1 |
| DL-MORPHOBLUE-FEUSDC-HYPERLIQUIDL1 Morpho Blue — FEUSDC lending on Hyperliquid L1 | Morpho Blue (protocol) | 3.83% (variable, DefiLlama 2026-10-19) checked 19 Oct 2026 | None | Not stated | Hyperliquid L1 |
| DL-HYPERLENDPOOLED-USDC-HYPERLIQUIDL1 HyperLend Pooled — USDC lending on Hyperliquid L1 | HyperLend Pooled (protocol) | 3.81% (variable, DefiLlama 2026-10-19) checked 19 Oct 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-FEUSDT0V2-HYPERLIQUIDL1: Interest paid by borrowers. DL-MORPHOBLUE-FEUSDCV2-HYPERLIQUIDL1: Interest paid by borrowers. DL-MORPHOBLUE-FEUSDT0-HYPERLIQUIDL1: Interest paid by borrowers. DL-HARMONIXFINANCE-USDC-HYPERLIQUIDL1: Vault strategy (mostly lending). DL-FELIXCDP-FEUSD-HYPERLIQUIDL1: Interest paid by borrowers. DL-MORPHOBLUE-FEUSDC-HYPERLIQUIDL1: Interest paid by borrowers. DL-HYPERLENDPOOLED-USDC-HYPERLIQUIDL1: Interest paid by borrowers.
Which is the largest?
By size, DL-HARMONIXFINANCE-USDC-HYPERLIQUIDL1 at $15M, followed by DL-MORPHOBLUE-FEUSDCV2-HYPERLIQUIDL1 at $9M and DL-HYPERLENDPOOLED-USDC-HYPERLIQUIDL1 at $6M. Size is not safety, but a larger product usually means a deeper market to sell into.
Are these yields fixed?
7 of 7 are variable: the rate moves with markets and is not guaranteed. The figures on this page were last checked on 2026-10-19.