Felix Launches Frontier Vaults for Higher Yield Stablecoin Lending
Felix Launches Frontier Vaults for Higher Yield Stablecoin Lending
🚀 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: ∙ Loop on kHYPE, kHYPE PTs, and stHYPE ∙ Loop on yield bearing dollar assets like hwHLP and wHLP ∙ 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
USDH Stablecoin Launches on Felix Vanilla for Borrowing and Lending
**USDH**, the Hyperliquid-native stablecoin from Native Markets, is now available for borrowing and lending on **Felix Vanilla**. Key features: - Backed by cash and US treasury equivalents - Built on Bridge Stablecoin infrastructure - Available through Hyperliquid spot orderbook or direct minting Users can now access USDH through multiple channels and utilize it for DeFi lending activities on the Felix platform. This expands borrowing/lending options beyond the previously available USDhl token.
USDC Goes Live on HyperEVM
**USDC is now live on Felix Vanilla** within HyperEVM, marking a significant expansion for Circle's stablecoin. **Key Features:** - Bridge USDC from other chains via Stargate Finance or Across Protocol - Powered by CCTP v2 technology - Borrow and lend functionality available immediately **Supported Collaterals:** - HYPE - kHYPE - UBTC - Additional assets coming this week **Important Limitation:** USDC cannot transfer directly between HyperCore and HyperEVM accounts yet. Circle plans to enable this connectivity soon. **What's Next:** Direct HyperEVM ↔ HyperCore connectivity will allow seamless deposits/withdrawals between spot and perpetuals markets across 14+ blockchains.
Felix Vanilla Adds thBILL as First RWA Collateral
**Felix Vanilla** now accepts **thBILL** as collateral, marking the platform's first step into real-world assets (RWAs). **Key Features:** - thBILL is Theo Network's institutional-grade onchain money market fund - USDT0 Frontier pool lends against thBILL collateral - Lenders can choose risk levels via different vault exposures **For Borrowers:** - Loop thBILL for maximum exposure to Theo points and treasury yield - Access leverage against treasury bill positions **For Lenders:** - Supply USDT0 to Frontier Vault for enhanced yields - Current returns approach **3x market beta** - Choose between standard and frontier vaults based on risk tolerance This integration demonstrates Felix's flexible design, allowing both conservative and aggressive strategies while expanding DeFi access to traditional financial instruments.
🏛️ The Peoples Exchange
**The Peoples Exchange** continues to operate as a major trading platform. This exchange has established itself as a **popular destination** for traders in the region. - Known for attracting significant trading activity - Maintains strong user engagement - Continues to serve as a key market infrastructure The platform's reputation for **active trading environments** remains intact, drawing participants seeking dynamic market opportunities.