Felix

USDT0 vault utilization has remained at ~90% on average this week. Where is the yield coming from? Strong borrow demand across the kHYPE, HYPE, UBTC, and wstHYPE markets continues to support elevated rates for USDT0 lenders. Earn 12.09% APY on USDT0 here: usefelix.xyz/lend

Felix spot equities has crossed 10,000 trades since launch Trade all 440+ assets at trade.usefelix.xyz/equities x.com/felixprotocol/status/208…

Felix Vanilla has now processed over $2,000,000,000 in loans since launch. Powered by @Morpho x.com/felixprotocol/status/208…

Felix Vanilla market utilization has held at an average of 79.4% over the past 30 days. Borrowing demand from Hyperliquid traders remains strong relative to supply, creating an opportunity for USDC lenders to earn higher natural yield over longer durations than other money markets on other chains. Earn 14.33% APY on USDC now: usefelix.xyz/lend

Looking for a unified account for collateral currently split across HyperCore and HyperEVM? Users can now view, transfer to EVM, and borrow against asset balances across HyperEVM and HyperCore on Felix Vanilla. No need to manually transfer to EVM in order to check separate balances for position health on Felix. View and use all available HYPE, kHYPE, and UBTC collateral in one place.

The kHYPE loop quantified With @kinetiq_xyz kHYPE continuing to be the dominant collateral asset across HyperEVM, we wanted to give a breakdown on the current status of the kHYPE loop and how returns are playing out at different risk profiles today. Let’s dive in: Attached in graphic below is the breakdown at current Felix rates: Net APY = leverage × kHYPE yield − (leverage − 1) × HYPE borrow rate. kHYPE has averaged 1.94% APY over the past 14 days, and HYPE borrow against kHYPE on Felix is currently costing 0.84%, so result is +1.10% of carry per unit of leverage. For kHYPE/HYPE, Felix prices kHYPE at its redemption rate, not its market price. In September 2025, kHYPE briefly traded at 0.88 on secondary markets. This is a position Felix's oracle wouldn't have moved. Given that, where is the risk in the kHYPE loop? 1) Rate inversion: if borrow rates spike above staking yield, LTV drifts up. However, even at a sustained 10% HYPE borrow rate, drifting from 75% LTV to the 86% liquidation threshold takes ~1.7 years, and, even so, this 10% HYPE borrow rate rate would likely be arbed down in a matter of hours by HYPE lenders. 2) Exits: unwinding early means selling kHYPE at market price or waiting in the 8-9 day unstake queue. The oracle protects your health factor, not your exit price. Run the kHYPE loop yourself, or feel free to reach out to our team for more data on the loop: usefelix.xyz/vanilla/borrow

Fully on-chain SPCX DCA is now live Trade spot equities with DCA orders via Felix here: trade.usefelix.xyz/equities/SP… x.com/felixprotocol/status/207…

Felix continues to offer the largest vaults on HyperEVM with over $95m in deposits across vaults and ~$35m in available borrow capacity currently Current vaults live: >HYPE Flagship >USDC Flagship >USDC Frontier >USDT0 Flagship >USDT0 Frontier >USDe Flagship As a reminder,

24/7 tokenized stocks are now live on-chain via Felix The stock market is open 6.5 hours a day, 5 days a week—27% of the week (excluding holidays). Starting this week, Felix runs the other 73% too. Market movements that shift prices happen when markets are closed. (Earnings after hours, macro news on weekends, Asian news overnight, etc.) Now traders don't wait to trade. Access spot equity markets on-chain any time. The first six spot equity markets now accessible 24/7 on Felix are listed below with more on the way: >SPY >QQQ >CRCL >NVDA >TSLA >GOOGL Trade here: usefelix.xyz/trade/spot-equiti… gFelix

24/7

Centralized intermediaries and regulatory perimeters don’t usually mix for long. Felix is permissionless by design. x.com/felixprotocol/status/206…

Felix spot equities listing update There are now 173 new spot equity assets available on Felix, many of which were requested by current users. This brings the total available spot equities and ETFs on Felix to 430. Newly added equities are listed here: > Semiconductors AXTI — AXT FORM — FormFactor MKSI — MKS Inc. AEHR — Aehr Test Systems CAMT — Camtek WOLF — Wolfspeed POWI — Power Integrations HIMX — Himax Technologies (ADR) MXL — MaxLinear ONTO — Onto Innovation OUST — Ouster TER — Teradyne ENTG — Entegris AOSL — Alpha and Omega Semiconductor STM — STMicroelectronics (ADR) CBRS — Cerebras Systems ALAB — Astera Labs MTSI — MACOM Technology Solutions PENG — Penguin Solutions VPG — Vishay Precision Group GFS — GlobalFoundries NVTS — Navitas Semiconductor SWKS — Skyworks Solutions UMC — United Microelectronics (ADR) UCTT — Ultra Clean Holdings ACLS — Axcelis Technologies COHU — Cohu VSH — Vishay Intertechnology RMBS — Rambus AIP — Arteris LSCC — Lattice Semiconductor CEVA — CEVA Inc ACMR — ACM Research NVMI — Nova Ltd AMKR — Amkor Technology > Technology Hardware GLW — Corning LITE — Lumentum Holdings AAOI — Applied Optoelectronics NOK — Nokia (ADR) HPE — Hewlett Packard Enterprise DELL — Dell Technologies CIEN — Ciena FN — Fabrinet CRDO — Credo Technology Group LPTH — LightPath Technologies CLS — Celestica KOPN — Kopin Corporation VICR — Vicor JBL — Jabil FLEX — Flex Ltd EXTR — Extreme Networks TTMI — TTM Technologies HLIT — Harmonic > Software NET — Cloudflare PL — Planet Labs SAP — SAP SE (ADR) ARQQ — Arqit Quantum WYFI — WhiteFiber

Spot PURR (@HypeStrat) is now live Access Nasdaq liquidity onchain via Felix: trade.usefelix.xyz/equities/PU… x.com/felixprotocol/status/206…

This is the final scheduled notice of FLX HIP-3 sunset mechanics. If you still have active positions on FLX, please note the updated settlement mechanics in our docs below for commodities and equities markets given the US bank holiday on Friday, June 19. For commodities markets, the mark price and oracle price will be locked to the Friday market close (1 PM ET). For equities markets, the mark price and oracle price will be locked to the Thursday regular market close (4 PM ET). usefelix.gitbook.io/docs/felix…

Spot SpaceX is live on Felix Access $SPCX now at: trade.usefelix.xyz/equities/SP…

SpaceX spot will be available on-chain on Felix Access Nasdaq liquidity via Felix for low-cost execution on-chain after the SpaceX IPO More live spot assets here: usefelix.xyz/trade/spot-equiti… x.com/felixprotocol/status/206…

PT-kHYPE-September 2026 collateral is now live on Felix Vanilla As with the March 2026 kHYPE PTs, a linear discount oracle is used to price kHYPE PT collateral on Felix, where PT-kHYPE is priced at a discount to kHYPE and approaches 1:1 with kHYPE as it reaches maturity on the expiration date. This linear discount approach allows borrowers to loop more reliably without concerns of short-term depegs. kHYPE PTs provide a fixed yield source for looping as well as collateral use for traders. Available here: usefelix.xyz/vanilla-borrow

Some notes on sunsetting FLX HIP-3: First, will share that sunsetting HIP-3 changes nothing for Felix borrow/lend or Felix spot equities. Both will continue to see more upgrades in the weeks to come as our team narrows focus Our team began work on our HIP-3 offering in June of

In light of the USDH sunset, the Felix HIP-3 DEX and all live markets will begin sunsetting on June 19 and conclude on June 20. All traders are encouraged to close active positions before this time. Another reminder of this sunset will be sent in the Felix Discord and Telegram announcements channels on June 15. Markets will be settled sequentially, with each market settling one hour after the previous market. For full settlement mechanics, please review the FLX HIP-3 Sunset section of the Felix docs here: usefelix.gitbook.io/docs/felix… Telegram announcements: felixannouncements Discord link in bio

As part of the USDH sunset, Felix will be deprecating both USDH vaults on Felix Vanilla. Users should repay any open USDH borrow positions and transition supplied and borrowed USDH to USDC. Users can convert their outstanding USDH balances to USDC through the HyperCore USDH/USDC order book, or via @AcrossProtocol 1:1 with no fees. USDC lending on Felix is currently yielding 5.81%. USDH Flagship and USDH Frontier vaults will be removed from the Felix frontend on Friday, June 12. Users are encouraged to shift to USDC lending and borrowing on Felix before then or contact our team with any concerns.

51% funding for $MRVL on @HyperliquidX Farm the funding rate using spot MRVL on Felix x.com/felixprotocol/status/206…

Spot $MRVL live now on Felix: usefelix.xyz/trade/spot-equiti…

Spot $IBM fully on-chain. Now trade up to $500,000 per market order with less than 0.15% in slippage. Trade IBM here: usefelix.xyz/trade/spot-equiti…

South Korea spot ETF exposure fully on-chain Trade spot $EWY here: usefelix.xyz/trade/spot-equiti… x.com/felixprotocol/status/206…

111% funding rate on $GME right now. Buy spot GME on Felix and short the GME perp on @HyperliquidX to earn a 55.5% APY on your funds. Spot GME available here: usefelix.xyz/trade/spot-equiti… x.com/felixprotocol/status/205…