Felix Protocol Surpasses $190M TVL on HyperliquidX

馃殌 Felix Protocol Goes Brrrr

By Liquity
May 12, 2025, 3:16 PM
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Felix Protocol, a Liquity V2 fork on HyperliquidX, has reached significant milestones:

  • $190M Total Value Locked (TVL)
  • $50M in feUSD supply
  • Now the largest dApp on HyperliquidX
  • Points system activated for users
  • BTC collateral support added via Hyperunit

Upcoming Developments:

  • 15+ additional forks planned
  • Notable projects include Nerite, QuillFi, Ebisu Finance, and Asymmetry

Learn more about the Friendly Fork Program

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Cantina Security Review of V2 Protocol Completed

A comprehensive security audit of the V2 protocol has been completed through Cantina, involving 908 security researchers. The review identified only 2 medium-severity findings, which were addressed before redeployment. Key points: - 908 researchers participated in the review - Only 2 medium findings discovered - Issues fixed pre-redeployment - Judging process currently underway - Results pending publication This thorough review process demonstrates the protocol's robust security measures and commitment to code quality.

Arbitrum Fork #5 Update from Nerite

Nerite, a fork of Liquity V2, is preparing to launch their 5th iteration on the Arbitrum network. This represents a continuation of their development on the platform, building on their previous implementations. - Fork #5 marks another milestone in Nerite's expansion on Arbitrum - Project maintains connection to Liquity V2 fundamentals - Launch timeline indicates *soon* but specific date remains unconfirmed Follow [@NeriteOrg](https://twitter.com/NeriteOrg) for the latest updates and launch details.

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