Information
TVL
Fees and Revenue
Protocol Information
USDhl is a fiat stable custom-built for the Hyperliquid ecosystem, serving as a building block for HIP-3, fx, payments, and more
Category:Yield
Methodology
Fees: The yield generated by M, a wholesale dollar collateralized by short-term U.S Treasuries
Revenue: 100% of the fees collected are distributed to users in WHYPE tokens, with allocations proportional to their activity on eligible venues, such as trading volume or LP provision, rather than simply holding USDHL.