Felix HIP-3 Markets Activate Growth Mode with 90% Fee Reduction
Felix HIP-3 Markets Activate Growth Mode with 90% Fee Reduction
馃殌 Felix fees slashed
Felix HIP-3 markets have entered growth mode, slashing fees by 90% to bootstrap adoption.
- Growth mode stacks with existing discounts like stablecoin collateral benefits and staking rewards
- @tradexyz enabled the feature for perpetual assets, reducing baseline taker fees to just 0.009%
- The mechanism helps novel markets gain traction by making trading significantly cheaper
This fee reduction represents a major incentive for traders to explore new HIP-3 markets while they establish liquidity.
Growth mode has been activated for all Felix HIP-3 markets
CRCL-USDH perp is now live to trade on Hyperliquid The perp market is deployed and managed by the Felix team (via HIP-3). The starting parameters of the market are the following: >Starting max leverage is 3x >OI cap set at 2M USD to start >On-hours and Off-hours pricing follows
Felix Launches On-Chain Stock Trading with 264 Assets
**Felix has launched fully on-chain spot equity trading**, allowing crypto users to access US capital markets without off-ramping funds. **Key features:** - 264 tokenized stocks and ETFs currently available - Deposit USDC from HyperCore spot, HyperCore perps, or Ethereum mainnet - Low execution costs (under 10bps for large orders like $1M GOOGL trades) - Not available in the US and other prohibited jurisdictions **Planned improvements:** - Limit orders and DCA functionality - International equities from Korea, Japan, and India - Hundreds more US equities - Integration as collateral on Felix lending markets Trade at [Felix Equities](https://trade.usefelix.xyz/equities) | [Documentation](https://usefelix.gitbook.io/docs/trading-products/spot-equities)
Felix Reintroduces USDH Borrowing Incentives with 77% LTV Options
Felix has relaunched **USDH incentives**, now targeting borrowers rather than lenders. **Key Details:** - Incentives available for USDH borrowed against **kHYPE, HYPE, and UBTC** collateral - All three assets offer **77% maximum loan-to-value (LTV)** ratios - Designed to reduce borrowing costs for traders using USDH in HIP-3 markets **Context:** This marks a shift from December's strategy, which focused on lending incentives and saw USDH Flagship vault reach $14.6m in deposits. The new approach aims to support traders holding spot assets who want to borrow USDH for trading. Borrow USDH at [Felix](https://www.usefelix.xyz/vanilla/borrow). Updates will be shared in the Felix Discord.
Felix Partners with Ondo to Bring US Equities Onchain
Felix is integrating with Ondo Global Markets to offer onchain spot equity trading. The platform will launch with access to **100+ US stocks** through trade.usefelix.xyz, expanding to 1,000+ equities in coming months. **Key features:** - Trade spot equities onchain with traditional finance-level liquidity - 24/5 trading availability - Multi-million dollar order execution from day one - Future ability to borrow against spot equity holdings Unlike previous onchain equity products limited by AMM liquidity constraints, Felix's implementation with Ondo provides institutional-grade execution. Ondo Global Markets maintains publicly audited holdings demonstrating overcollateralization, daily attestations, bankruptcy-remote legal structure, insurance fund, and multiple smart contract audits. The partnership builds on Ondo's existing infrastructure for tokenized stocks and ETFs, which uses Chainlink as its oracle platform for price data.
馃 Gold Perps Launch
**GOLD-USDH perpetual futures** are now live on Hyperliquid, deployed by the Felix team through HIP-3. **Key Features:** - **20x maximum leverage** (higher than PAXG-USDC) - **$2M USD open interest cap** initially - **Lower fees** due to USDH discounts - **Improved pricing** sourced from deeper off-chain liquidity venues The market follows standardized commodity perps with on-hours and off-hours pricing. This offers better hedging access for market makers compared to relying solely on spot PAXG pricing. [Trade GOLD-USDH](https://trade.usefelix.xyz/flx:GOLD) | [View Documentation](http://usefelix.gitbook.io/perps)
Felix Launches 5x USDH Incentive Campaign to Scale Hyperliquid's Native Stablecoin
Felix has launched a major **5x increase in USDH incentives** to accelerate adoption of Hyperliquid's native stablecoin over the next month. **Key Details:** - Users earn rewards by lending USDH to Felix's Flagship or Frontier vaults - USDH Flagship: $14.6M deposits, lends to HYPE, kHYPE, UBTC with 62.5-77% max LTV - USDH Frontier: New vault lending to HYPE, kHYPE, wstHYPE at 77% max LTV - Future incentives may extend to borrowers **Strategic Impact:** Growing USDH adoption drives **HYPE token buybacks** and enables cheaper trading on Hyperliquid through native stablecoin benefits for USDH pairs. This follows Felix's recent USDC incentive program, which offered supply APYs of 6.95% (Flagship) and 105.3% (Frontier). [View campaign details](https://app.merkl.xyz/?search=usdh&action=LEND&a)