MEV Capital HYPE on HyperEVM
A Morpho vault on HyperEVM that lends out WHYPE deposits, curated by MEV Capital. Depositors earn 2.00% a year right now after a 10% performance fee.
Data from Morpho's API · updated
Net APY
2.00%
after fees, paid to depositors
30-day APY
2.03%
7-day 2.06%, from the share price
Deposits
$877K
12.31K WHYPE
Withdrawable now
$432K
49% of deposits
Performance fee
10%
of the interest earned
Depositors
478
largest holds 28.4%
MEV Capital HYPE APY history
Net APY earned each day, from the vault's share price: after fees, without token rewards
| Day | Deposits | Net APY |
|---|
Deposits over time
Where the money goes
The markets this vault lends to right now, largest first
| Market | Lent | Share |
|---|---|---|
| lstHYPE / WHYPELLTV 91.5% | $638K | 75.3% |
| kHYPE / WHYPELLTV 86% | $209K | 24.7% |
| Idle cashnot lent out | $0 | 0.0% |
| hbHYPE / WHYPELLTV 91.5% | $0 | 0.0% |
The curator decides which markets the vault may use and how much it may put in each (the cap). Allocators then move money between those markets within the caps. How vaults work.
What the loans are backed by
Share of this vault's lending by the collateral borrowers put up
| lstHYPE | 65.4% |
|---|---|
| kHYPE | 34.6% |
Returns over time
Net APY actually earned over each period, from the share price: after fees, without token rewards
| Last day | 2.01% |
|---|---|
| Last 7 days | 2.06% |
| Last 30 days | 2.03% |
| Last 90 days | 3.87% |
| Last year | 4.20% |
Who controls this vault
| Curator | MEV Capital |
|---|---|
| Owner | 0xb830…15C42-of-3 multisig |
| Guardian | 0xaaB0…f383 |
| Timelock | 3 dayswait before risky changes take effect |
| Allocators | 4addresses that move money between markets |
| Created | April 24, 2025 |
Timelocks give depositors time to leave before a change they dislike takes effect. Morpho risks explained.
Details
| Deposit asset | WHYPEprice $71.21 |
|---|---|
| Vault version | MetaMorpho (V1) |
| APY before fees | 2.23% |
| Public allocator | Onborrowers can pull liquidity between this vault's markets |
| Vault contract | 0xd19e…B487 |
| WHYPE token | 0x5555…5555 |
| Network | HyperEVM |
The curator's description: "The MEV Capital WHYPE vault provides a set of liquid collateral markets with an optimized risk-adjusted return through an active rebalancing strategy."
Largest depositors
478 addresses hold shares in this vault
| Address | Deposit | Share of vault |
|---|---|---|
| 0x5698…A3e0 | $249K | 28.4% |
| 0xe538…1C0F | $202K | 23.1% |
| 0xDbdA…1fd3 | $80.4K | 9.2% |
| 0x2cBB…6BE9 | $57.9K | 6.6% |
| 0x9665…99C9 | $51.1K | 5.8% |
| 0xe9A0…26E5 | $39.9K | 4.6% |
| 0xfE32…6294 | $30.1K | 3.4% |
| 0x7719…c883 | $28.1K | 3.2% |
| 0x9B72…317a | $24.1K | 2.8% |
| 0xDebb…6B89 | $16.7K | 1.9% |
When a few addresses hold most of a vault, one large withdrawal can use up the liquidity that is free right now.
About MEV Capital HYPE
MEV Capital HYPE is a MetaMorpho vault (Morpho V1) on HyperEVM, created on April 24, 2025. It takes WHYPE deposits and lends them to borrowers in 2 Morpho markets. The curator, MEV Capital, decides which markets it may use and how much can go into each.
It holds $877K (12.31K WHYPE) from 478 depositors and pays a net APY of 2.00% after its 10% performance fee. Over the last 30 days depositors actually earned 2.03% a year, and 4.20% over the last year.
Its largest position is lstHYPE / WHYPE at 75% of its deposits, followed by kHYPE / WHYPE (25%). Counting every market, its loans are backed mainly by lstHYPE (65%) and kHYPE (35%). 49% of deposits could be withdrawn right now.
Adding a market or raising how much can go into one waits behind a timelock of 3 days, which gives depositors time to leave first. The owner is a 2-of-3 multisig wallet. Morpho's app shows no warnings for this vault.
MEV Capital HYPE: quick answers
What is the APY of MEV Capital HYPE on HyperEVM?
MEV Capital HYPE pays 2.00% net APY right now, after its fees. Measured from the growth of its share price, it paid 2.03% over the last 30 days. The rate changes every day with what its borrowers pay.
What does MEV Capital HYPE lend against?
It lends WHYPE through 2 Morpho markets. The biggest is lstHYPE / WHYPE with 75% of its deposits. Overall its loans are backed mainly by lstHYPE (65%) and kHYPE (35%).
Can I withdraw from MEV Capital HYPE right now?
About $432K of its $877K in deposits (49%) could be withdrawn immediately. The rest is lent out and frees up as borrowers repay or as higher rates bring in new lenders.
Who runs MEV Capital HYPE and what does it charge?
MEV Capital curates it. It keeps 10% of the interest earned as a performance fee. The net APY shown is after these fees.
What are the risks of MEV Capital HYPE?
Like every Morpho vault, it can lose money if a borrower's collateral crashes faster than it can be liquidated, if a price oracle fails, or through a smart contract bug. Withdrawals can wait when its markets are fully borrowed. Adding a market or raising a cap waits behind a timelock of 3 days. This is not advice.
Other WHYPE vaults
The same deposit asset, other curators and networks
| Vault | Net APY |
|---|---|
| Felix HYPE V2V2Felix · HyperEVM · $2.65M | 0.63% |
| Felix HYPEFelix · HyperEVM · $1.83M | 0.63% |
