Felix Vanilla Launches USDH Lending Incentives with 25.74% APR
Felix Vanilla Launches USDH Lending Incentives with 25.74% APR
馃挵 USDH Rates Explode
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
This follows Felix's earlier USDC borrower incentives launched in November, expanding their reward programs across different user segments.
The first round of USDH incentives on Felix Vanilla goes live today Unlike the Felix USDC incentives, which go to USDC borrowers on Felix, USDH incentives are allocated to USDH lenders. Supply USDH and now earn borrower interest + USDH incentives Current APR with incentives:
Felix Labs Deploys AI-Powered Security System After Wave of DeFi Exploits
Felix Labs has implemented an **agent security system** in response to a series of DeFi exploits over the past 8 months, some likely executed using frontier AI models to identify vulnerabilities. **Key security measures include:** - Every code change reviewed by latest frontier AI models before deployment - Ongoing AI-driven review of Felix codebase and operational security processes - Continuous monitoring of system and collateral risk The system aims to raise costs for attackers and create a detection layer that improves with each AI model generation. Felix Labs emphasizes that while no security system guarantees protection, protocol solvency remains their top priority over yield optimization and capital efficiency.
Felix Launches On-Chain DCA Trading for SpaceX Equity
Felix has introduced **fully on-chain Dollar-Cost Averaging (DCA) orders** for spot equity trading, starting with SpaceX (SPCX). **Key Features:** - Trade spot equities using automated DCA strategies - Fully on-chain execution for SPCX - Available through Felix's trading platform This builds on Felix's previous launch of spot SpaceX trading in mid-June, now adding automated recurring purchase functionality. Users can access the feature at [trade.usefelix.xyz/equities/SPCX](https://trade.usefelix.xyz/equities/SPCX).
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)