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Dashboards / Pendle / limUSD
limUSD
HyperEVMMatures 26 Nov 2026, 28 daysUnderlying limUSD at $1.0385
Implied APY
8.75%
fixed rate to maturity
Underlying APY
6.83%
+1.92 pts implied minus underlying
Max APY (LP)
8.10%
Liquidity
$1.28M
TVL
$2.02M
24h volume
$0
Implied 8.75% against 6.83% underlying
Implied and underlying APY, daily
ImpliedUnderlying
Data as of 28 Oct 2026 00:00 UTC/Source Pendle
$2.02M locked in this market
Market TVL, USD, daily
Data as of 28 Oct 2026 00:00 UTC/Source Pendle
The collateral
The underlying asset is the risk in a Pendle position. What backs limUSD, in Pendle's words and ours.
Class Stablecoin (issuer unverified)stables
What it is
limUSD is the flagship ERC-4626 yield-bearing stablecoin by Liminal, the native yield layer of Hyperliquid. It dynamically allocates capital across all of Hyperliquid's yield sources to always capture the most efficient yield available — including funding rates (via delta-neutral strategies on Hyperliquid's perpetual markets), staking rewards (xHYPE's spot leg is partially allocated to kHYPE, Kinetiq's LST, stacking staking rewards on top of funding rates), and money market lending rates. Holders also earn Kinepoints from Kinetiq
Quirks
Instant redemptions are available from any supported chain for a 0.01% fee, drawing from a liquidity buffer.
Risk involved
Negative yield may occur during extreme market conditions when funding rate payments heavily favor long positions (i.e. shorts paying longs). From Underlying Protocol
Sources: Pendle V2 API (market data and notes). Nothing here is investment advice.