Felix Launches Frontier Vaults for Higher Yield Stablecoin Lending
Felix Launches Frontier Vaults for Higher Yield Stablecoin Lending
š Frontier Vaults Just Dropped
Felix Vanilla introduces Frontier Vaults, a new offering for stablecoin lenders seeking higher yields through more exotic collateral markets. Key updates:
- New collateral options including UETH, hwHLP, and WHLP
- Increased LTV of 77% for kHYPE and HYPE (up from 62.5%)
- Support for hbUSDT and PT-hbUSDT looping strategies
- Risk-segmented lending pools via Morpho protocol
Felix Vanilla has already attracted $550M in deposits, primarily used for:
- Looping on various HYPE-related assets
- Borrowing for perps trading
- DeFi farming activities
Visit Felix Vanilla to explore the new Frontier Vaults.
Introducing Felix Frontier On Hyperliquid, stablecoin holders are hungry for new ways to generate yield. The primary venues for this thus far have been lending, the basis trade, and HLP As a part of Felix Vanilla, we are now rolling out Frontier Vaults, which offer higher yield
Felix Vanilla has crossed $550M in deposits. Users are utilizing Felix Vanilla to power a number of key activities: ā Loop on kHYPE, kHYPE PTs, and stHYPE ā Loop on yield bearing dollar assets like hwHLP and wHLP ā Borrow stables to unlock perps trading against HYPE / UBTC
kHYPE PTs are now live on Felix Vanilla for looping and stablecoin borrowing. What are kHYPE PTs? kHYPE PTs allow kHYPE users to buy kHYPE at a discount relative to the market price which can then be thought of as a fixed yield in kHYPE terms. This is ideal for users who want to
š„ 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)
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.
š 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.