Felix Protocol

**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 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** 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** 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.

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](http://usefelix.xyz/vanilla-earn) to explore the new Frontier Vaults.