The People’s Stablecoin. Borrow against HYPE and majors, mint feUSD on Hyperliquid.

Welcome to Hyperliquid
In the past 10 days, with HYPE nearly reaching $40, Hyperliquid has gained nearly 70,000 or +10% new users. To all new users making their first journey into Hyperliquid with this recent ATH, what are we building here, and what does the opportunity set look like for you?

Welcome to Hyperliquid
In the past 10 days, with HYPE nearly reaching $40, Hyperliquid has gained nearly 70,000 or +10% new users. To all new users making their first journey into Hyperliquid with this recent ATH, what are we building here, and what does the opportunity set look like for you?

Spot BTC on Hyperliquid: The Zenith of Open Finance
Bitcoin emerged in 2009 as a decentralized alternative to the traditional financial system, challenging a paradigm long dominated by insider deals and restrictive gatekeepers. It was something new in parallel to the sclerotic financial system of old. At a time when the world was reeling from a financial crisis triggered by opaque banking practices and cronyism, Bitcoin offered an alternative. It presented the possibility that individuals, rather than large financial ...

Spot BTC on Hyperliquid: The Zenith of Open Finance
Bitcoin emerged in 2009 as a decentralized alternative to the traditional financial system, challenging a paradigm long dominated by insider deals and restrictive gatekeepers. It was something new in parallel to the sclerotic financial system of old. At a time when the world was reeling from a financial crisis triggered by opaque banking practices and cronyism, Bitcoin offered an alternative. It presented the possibility that individuals, rather than large financial ...
Clarity Amidst the Chaos: Felix Risk Management
Lead more about our efforts to building the most secure money markets on HyperEVM.
Clarity Amidst the Chaos: Felix Risk Management
Lead more about our efforts to building the most secure money markets on HyperEVM.

Clarity Amidst the Chaos: Felix Risk Management
Section 0: Introduction to Money Market Risk ManagementFelix will be launching feUSD, a CDP stablecoin on HyperEVM once mainnet goes live, and additional money markets soon after. Users will be able to borrow against collateralized assets without intermediaries, unlocking more financial workflows (e.g capture the funding rate, run a carry trade, etc.) and cross-margin capabilities. At the same time, these systems must confront an array of risks: from collateral price volatility and liquidity ...

Clarity Amidst the Chaos: Felix Risk Management
Section 0: Introduction to Money Market Risk ManagementFelix will be launching feUSD, a CDP stablecoin on HyperEVM once mainnet goes live, and additional money markets soon after. Users will be able to borrow against collateralized assets without intermediaries, unlocking more financial workflows (e.g capture the funding rate, run a carry trade, etc.) and cross-margin capabilities. At the same time, these systems must confront an array of risks: from collateral price volatility and liquidity ...

Navigating DeFi’s Dark Forest: The Felix Security System
Section 0: The Dark Forest of DeFiDeFi has emerged as a pivotal innovation within crypto, with borrow-lend protocols and CDP stablecoins forming core components of on-chain financial infrastructure. We’ve seen that DeFi provides for more efficient software rails for finance, resulting in decreased costs, faster settlement, increased access, and more. However, these protocols face ongoing challenges related to security, particularly as adversarial actors develop new techniques to exploit vulne...

Navigating DeFi’s Dark Forest: The Felix Security System
Section 0: The Dark Forest of DeFiDeFi has emerged as a pivotal innovation within crypto, with borrow-lend protocols and CDP stablecoins forming core components of on-chain financial infrastructure. We’ve seen that DeFi provides for more efficient software rails for finance, resulting in decreased costs, faster settlement, increased access, and more. However, these protocols face ongoing challenges related to security, particularly as adversarial actors develop new techniques to exploit vulne...

Navigating DeFi’s Dark Forest: The Felix Security System
Section 0: The Dark Forest of DeFiDeFi has emerged as a pivotal innovation within crypto, with borrow-lend protocols and CDP stablecoins forming core components of on-chain financial infrastructure. We’ve seen that DeFi provides for more efficient software rails for finance, resulting in decreased costs, faster settlement, increased access, and more. However, these protocols face ongoing challenges related to security, particularly as adversarial actors develop new techniques to exploit vulne...

Navigating DeFi’s Dark Forest: The Felix Security System
Section 0: The Dark Forest of DeFiDeFi has emerged as a pivotal innovation within crypto, with borrow-lend protocols and CDP stablecoins forming core components of on-chain financial infrastructure. We’ve seen that DeFi provides for more efficient software rails for finance, resulting in decreased costs, faster settlement, increased access, and more. However, these protocols face ongoing challenges related to security, particularly as adversarial actors develop new techniques to exploit vulne...

The ticker is HYPE: What comes next?
After receiving an inflow of questions from HYPE holders on what’s next (Who are the HYPE liquid staking providers? Where can I borrow against my HYPE? When is HyperEVM going live?), Felix protocol contributors have created a straightforward breakdown of the overall Hyperliquid ecosystem as we see it. The key question: what’s next for HYPE?Setting the stage: the future is brightA week after its Token Genesis Event, Hyperliquid is still in its infancy. Other L1 networks like Base, Sui, Solana,...

The ticker is HYPE: What comes next?
After receiving an inflow of questions from HYPE holders on what’s next (Who are the HYPE liquid staking providers? Where can I borrow against my HYPE? When is HyperEVM going live?), Felix protocol contributors have created a straightforward breakdown of the overall Hyperliquid ecosystem as we see it. The key question: what’s next for HYPE?Setting the stage: the future is brightA week after its Token Genesis Event, Hyperliquid is still in its infancy. Other L1 networks like Base, Sui, Solana,...

The ticker is HYPE: What comes next?
After receiving an inflow of questions from HYPE holders on what’s next (Who are the HYPE liquid staking providers? Where can I borrow against my HYPE? When is HyperEVM going live?), Felix protocol contributors have created a straightforward breakdown of the overall Hyperliquid ecosystem as we see it. The key question: what’s next for HYPE?Setting the stage: the future is brightA week after its Token Genesis Event, Hyperliquid is still in its infancy. Other L1 networks like Base, Sui, Solana,...

The ticker is HYPE: What comes next?
After receiving an inflow of questions from HYPE holders on what’s next (Who are the HYPE liquid staking providers? Where can I borrow against my HYPE? When is HyperEVM going live?), Felix protocol contributors have created a straightforward breakdown of the overall Hyperliquid ecosystem as we see it. The key question: what’s next for HYPE?Setting the stage: the future is brightA week after its Token Genesis Event, Hyperliquid is still in its infancy. Other L1 networks like Base, Sui, Solana,...

Hyperliquid – an L1 designed for DeFi at scale (Part I)
This article was written in collaboration with the team at Hyperactive Capital.With a revitalized fervor for DeFi since the US elections coinciding with the imminent launch of HYPE, we at Felix are excited to share more about our motivation for building on the Hyperliquid L1. Felix protocol contributors have spent years building and managing DeFi protocols. Our contributors come from the auditing and engineering firm Three Sigma, which has worked with well-known protocols like zkSync, Maple F...

Hyperliquid – an L1 designed for DeFi at scale (Part I)
This article was written in collaboration with the team at Hyperactive Capital.With a revitalized fervor for DeFi since the US elections coinciding with the imminent launch of HYPE, we at Felix are excited to share more about our motivation for building on the Hyperliquid L1. Felix protocol contributors have spent years building and managing DeFi protocols. Our contributors come from the auditing and engineering firm Three Sigma, which has worked with well-known protocols like zkSync, Maple F...