What is YieldFi yHLP (YHLP)?
YieldFi is the issuance, distribution, and intelligence layer for tokenized yield vaults. yHLP is a liquid yield token that routes USDC into the Hyperliquid HLP vault, a market making strategy that provides liquidity to the Hyperliquid perpetual exchange. The vault earns fees from trading activites and PnL from market-making positions on the exchange. Returns are auto-compounded into the token price.
Where can you buy YieldFi yHLP?
YieldFi yHLP (YHLP) is traded on a wide range of centralized and decentralized exchanges. The most liquid markets for YHLP sit on tier-1 venues - the sort of exchanges where institutional desks and professional market makers rebalance continuously - which is what keeps the spread tight and the last price tied closely to fair value.
The price and 24-hour volume on this page combine the exchanges ReadPrices tracks for YHLP. Before you trade, compare the fee schedule and the order-book depth on the venue you plan to use: the same coin can cost noticeably more to buy on a thin market.
