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
kHYPE Loop Strategy Delivers 1.10% Carry Per Leverage Unit on Felix
Felix has released a detailed breakdown of the kHYPE leveraged staking loop on HyperEVM, showing current returns across different risk profiles. **Current Economics:** - kHYPE yield: 1.94% APY (14-day average) - HYPE borrow cost: 0.84% - Net carry: +1.10% per unit of leverage - Formula: Net APY = leverage 脳 kHYPE yield - (leverage - 1) 脳 HYPE borrow rate **Key Risk Factors:** 1. **Rate inversion** - If borrow rates exceed staking yield, loan-to-value ratios drift upward. Even at a sustained 10% HYPE borrow rate, reaching the 86% liquidation threshold from 75% LTV would take approximately 1.7 years. 2. **Exit liquidity** - Unwinding positions requires either selling kHYPE at market price or waiting through an 8-9 day unstaking period. **Oracle Protection:** Felix prices kHYPE at redemption rate rather than market price. During September 2025, kHYPE traded as low as 0.88 on secondary markets while Felix's oracle remained stable, protecting borrowers' health factors but not exit prices. Users can access the strategy at [usefelix.xyz](http://usefelix.xyz/vanilla/borrow).
Felix Launches On-Chain DCA Trading for SpaceX Equity
Felix has introduced **fully on-chain Dollar-Cost Averaging (DCA) orders** for spot equity trading, starting with SpaceX (SPCX). **Key Features:** - Trade spot equities using automated DCA strategies - Fully on-chain execution for SPCX - Available through Felix's trading platform This builds on Felix's previous launch of spot SpaceX trading in mid-June, now adding automated recurring purchase functionality. Users can access the feature at [trade.usefelix.xyz/equities/SPCX](https://trade.usefelix.xyz/equities/SPCX).
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)