Felix Vanilla Adds thBILL as First RWA Collateral
Felix Vanilla Adds thBILL as First RWA Collateral
馃挵 Felix meets treasury
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.
thBILL is live as collateral on Felix Vanilla With thBILL, Felix offers leverage access against @Theo_Network's new institutional-grade onchain money market fund. This is Felix鈥檚 first step into offering RWAs as collateral The USDT0 Frontier pool / vault lends against thBILL
Felix Expands to 264 Spot Equities on Private Mainnet
Felix has added **61 new spot equity assets** to its private mainnet, bringing the total to **264 available equities**. The expansion was driven by beta user requests and spans multiple sectors: - **Space & Defense**: AST SpaceMobile, Rocket Lab, Northrop Grumman - **Crypto ETFs**: iShares Bitcoin Trust, Fidelity Solana Fund, iShares Ethereum Trust - **AI Infrastructure**: CoreWeave, IonQ, Quantum Computing - **International ETFs**: Coverage for Japan, South Korea, Brazil, Chile, China, and India - **Commodities**: Uranium, copper, oil, natural gas, and precious metals funds The platform now offers exposure to emerging narratives including quantum computing, space exploration, clean energy, and semiconductor infrastructure. Felix indicated that **alpha launch details will be shared soon**, suggesting the platform is moving closer to broader public availability. The expansion positions Felix as a comprehensive on-chain trading platform bridging traditional equities with crypto-native infrastructure.
Felix Reintroduces USDH Borrowing Incentives with 77% LTV Options
Felix has relaunched **USDH incentives**, now targeting borrowers rather than lenders. **Key Details:** - Incentives available for USDH borrowed against **kHYPE, HYPE, and UBTC** collateral - All three assets offer **77% maximum loan-to-value (LTV)** ratios - Designed to reduce borrowing costs for traders using USDH in HIP-3 markets **Context:** This marks a shift from December's strategy, which focused on lending incentives and saw USDH Flagship vault reach $14.6m in deposits. The new approach aims to support traders holding spot assets who want to borrow USDH for trading. Borrow USDH at [Felix](https://www.usefelix.xyz/vanilla/borrow). Updates will be shared in the Felix Discord.
Felix Partners with Ondo to Bring US Equities Onchain
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.
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 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)