🤝 Felix Partners with Morpho

Felix has enabled **Growth Mode** across several HIP-3 perpetual markets, expanding reduced fee structures to more trading pairs. **Markets now in Growth Mode:** - Precious metals: SILVER-USDH, COPPER-USDH, PALLADIUM-USDH, PLATINUM-USDH - Energy: OIL-USDH - Equities: TSLA-USDH, COIN-USDH, CRCL-USDH **Excluded markets:** GOLD-USDH and XMR-USDH maintain standard fee structures. NVDA-USDH Growth Mode coming soon. Large-scale traders can access VIP benefits on Felix markets.

Felix has launched **PALLADIUM-USDH perpetual futures** trading on its platform, expanding its commodities offerings. **Key Parameters:** - Maximum leverage: 20x - Open interest cap: $2.5M - Pricing structure includes on-hours and off-hours specifications This follows Felix's recent rollout of other commodity and equity perpetuals, including platinum (Jan 27), NVDA stock (Jan 21), copper (Jan 20), and crude oil WTI (Jan 9). The markets are deployed via HIP-3 governance. Traders can access the new palladium market at [trade.usefelix.xyz/flx:PALLADIUM](https://trade.usefelix.xyz/flx:PALLADIUM). Full specifications are available in the [Felix documentation](https://usefelix.gitbook.io/docs/felix-perpetual-futures).

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.

**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 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)