Felix Launches 5x USDH Incentive Campaign to Scale Hyperliquid's Native Stablecoin
Felix Launches 5x USDH Incentive Campaign to Scale Hyperliquid's Native Stablecoin
馃挵 Felix Goes 5x
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).
The second round of Felix Vanilla USDC incentives is now live To start, these incentives will be allocated to USDC lenders on Felix Vanilla, both to the USDC Flagship vault and the USDC Frontier vault as well as USDC borrowers against kHYPE and HYPE at 62.5% max LTVs. (As a
Felix USDH incentives are now ramping significantly To continue accelerated scaling of USDH, Felix is now offering over 5x USDH incentives over the next month+ compared to USDH incentives we already have live. Users can now earn these USDH incentives by lending USDH to either
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 Vanilla Launches USDH Lending Incentives with 25.74% APR
**Felix Vanilla** has launched its first round of **USDH lending incentives**, offering significantly higher returns for USDH suppliers. **Key Details:** - USDH lenders now earn **borrower interest + USDH incentives** - Current APR jumps from **3.54% to 25.74%** with incentives - Rates will normalize as more lenders participate and vault expands **How It Works:** - Unlike previous USDC incentives for borrowers, these target USDH lenders - Simply supply USDH to start earning enhanced returns - Campaign details available through [Merkl](https://app.merkl.xyz/opportunities/hyperevm/MORPHOVAULT/0x207ccaE51Ad2E1C240C4Ab4c94b670D438d2201C) This follows Felix's earlier USDC borrower incentives launched in November, expanding their reward programs across different user segments.
馃搱 Coinbase Stock Trading Goes Live on Hyperliquid
**COIN-USDH perpetual futures** are now available for trading on Hyperliquid, deployed by the Felix team through HIP-3. **Key Trading Parameters:** - Maximum leverage: **3x** - Open interest cap: **$2M USD** initial limit - Follows standardized equity pricing for market hours **Fee Benefits:** All Felix HIP-3 markets now feature **reduced trading fees** through Growth Mode, providing cost savings for traders. **Recent Expansion:** This follows the launch of CRCL-USDH perps and TSLA-USDH futures, showing Felix's continued expansion of equity trading on decentralized platforms. [Trade COIN perps](https://app.hyperliquid.xyz/trade/flx:COIN) | [View documentation](http://usefelix.gitbook.io/perps)
Felix HIP-3 Markets Activate Growth Mode with 90% Fee Reduction
**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.