Felix

Modern financial account, powered by stablecoins

[Felix @felixprotocol]

Tokenized stocks and ETFs are now live on Felix

On-chain traders no longer have to off-ramp funds to gain exposure to US capital markets. Additionally, Felix users now have the ability to trade tokenized stocks/ETFs in large order sizes without the steep execution costs that have plagued on-chain adoption up until now (Example: Buy $1M in GOOGL on Felix with a net execution cost less than 10bps today).

Trade over 250 different assets now: https://t.co/tWR45uSgF1

Not available in the U.S. and other prohibited jurisdictions.

[Felix @felixprotocol]

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: https://t.co/tJ3q7LoEE3

[Felix @felixprotocol]

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: https://t.co/eCRHiTVmZy

[Charlie @0xBroze]

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 2025 as the clear use case for Felix borrow/lend was borrow to trade; we viewed adding our own markets as a way to customize more of that user flow and capture more upside. We also saw HIP-3 as a way to launch perps for assets that had never had perp market before and set out for a novel way to do this

Things obviously didn't play out in our favor over the months post-FLX launch, even though we were first to market with a few key markets, namely OIL, GOLD, and SILVER. These markets drove us solid fees during December and January and about 3bn in volume, but were eventually surpassed by TradeXYZ once they launched the same markets denominated in USDC

A few takeaways I've pondered for why things didn't work out in our favor and what could have gone differently--curious to hear if others think otherwise too:

1. TradeXYZ went with USDC over USDH, which seems obvious to be the correct choice in hindsight. When we launched, we did not know growth mode was on the horizon, which made the cost benefits of USDH negligent and left USDH markets as a fragmentation issue as opposed to a new core asset HL users wanted to use as margin. USDH appears to have been a well-played pawn to get Circle/Coinbase to move on driving USDC yield back to HL, but we didn't see the board this way at the time

2. XYZ beat us to market by launching on the day HIP-3 went live and about a month before we went live. This allowed early brand traction to build + time to get ready to launch more markets sequentially

3. XYZ beat us on market listing numbers early-on and built a moat of market listings quickly, while being the sole USDC-based deployer. Probably a bit of a balance sheet advantage here to pay for tickers and get liquidity in those markets; we had to pick markets more carefully due to balance sheet constraints

4. XYZ had an early brand halo around a mystery airdrop, which led to heightened early usage, which helped build initial volume/OI/liquidity, which created a growth flywheel that we were unable to catch. They then leveraged this growth flywheel to keep doubling down with more markets, larger partnerships, etc

5. With the 4 points above, XYZ was able to dominate the HL-native / CT-native trader base on HIP-3. Our options then were 1) launch novel/more esoteric market types that other deployers wouldn't touch or 2) build distribution in a net-new market. 1 is not that interesting to me since, as we saw with SILVER and OIL, as soon as a market gets traction, the top deployer can likely copy it. And 2 is something we haven't accomplished yet; it's an area we are determining how we want to approach as a company. When we accomplish 2, we may return as a deployer, but maintaining the deployment in the meantime is an unnecessary cost and not driving unique value, especially with the USDH sunset

I'm sure there are other factors too that I haven't unpacked yet, but those are the main set I see

Thanks again to all the HL traders who gave feedback over the build out of FLX and post-launch. Hopefully we can continue to serve you with your debt and yield needs via Felix borrow/lend. Feel free to ping me any time with thoughts, questions, or needs

[Felix @felixprotocol]

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: https://t.co/BDL3iaFz7W

Telegram announcements: felixannouncements
Discord link in bio

[Felix @felixprotocol]

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.

[Felix @felixprotocol]

51% funding for $MRVL on @HyperliquidX

Farm the funding rate using spot MRVL on Felix

[Felix @felixprotocol]

Spot $MRVL live now on Felix: https://t.co/UbPKAwcI9q

[Felix @felixprotocol]

Spot $MRVL live now on Felix: https://t.co/UbPKAwcI9q

[Polymarket @Polymarket]

JUST IN: Marvell stock soars +25% after Jensen Huang hailed it as “the next trillion dollar company”

[Felix @felixprotocol]

Spot $IBM fully on-chain.

Now trade up to $500,000 per market order with less than 0.15% in slippage.

Trade IBM here: https://t.co/1alrbsmEDI

[Citrini @citrini]

I don’t care if IBM is up six thousand percent at the open tomorrow, I’m not making this mistake again.

[Felix @felixprotocol]

South Korea spot ETF exposure fully on-chain

Trade spot $EWY here: https://t.co/FsChViYYfX

[The Kobeissi Letter @KobeissiLetter]

BREAKING: South Korea's stock market rises to a fresh record high, now up +101% in 2026, as AI stocks surge.

[Felix @felixprotocol]

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: https://t.co/42Mmn5gBde

[Felix @felixprotocol]

Since May 8th, user 0xAB..205c has traded $1.38M of spot $MU on Felix. They’re currently holding 362.34 MU ($326,106) at an average entry of $752.59.

With Micron surging at $900 (at the time of writing), they're sitting on a ~$53K unrealized gain (+19.6%).

No risk of liquidation, no need to offramp. Trade spot $MU on-chain at https://t.co/9khUTlxfel

[The Kobeissi Letter @KobeissiLetter]

BREAKING: Micron, $MU, surges +7% at the open, now up nearly +1,500% in 13 months as its market cap nears $1.1 trillion.

The stock was worth just $70 billion in April 2025.

[Felix @felixprotocol]

Learn more about spot equities on Felix here: https://t.co/6efPSFY06h

[Felix @felixprotocol]

Nvidia’s earnings report will be available today after market close. Users can trade Nvidia’s earnings with Nasdaq-level execution costs, up to $1,500,000 per spot market order, with USDC on Felix

$NVDA spot available now: https://t.co/30yvdhHxEs

[Brew Markets @brewmarkets]

Nvidia, the world's most valuable company, reports earnings on Wednesday.

[Felix @felixprotocol]

Best performing asset since the launch of spot equities on Felix: INTC

INTC has had a run up of roughly +204% since the start of 2026 and a rise of +155% since Felix spot equities launched 7 weeks ago (March 26)

Trade INTC and 264 more spot equities: https://t.co/2zfOo5x17S

[Felix @felixprotocol]

Notice on sunsetting Felix USDH-denominated HIP-3 markets will be shared in a future post; for now, they remain active. USDH deposits on Felix Vanilla are unchanged, and users can continue to lend USDH while USDH is live if they choose.

Users are encouraged to change USDH borrow and lend positions to USDC—users can swap USDH for USDC on the HyperCore spot orderbook linked below. Timeline on USDH Frontier and USDH Flagship vault sunsets will be shared in a tweet, Discord post, and Telegram announcement soon.

For more information on zero-fee USDH redemption options, visit https://t.co/IgA8kKims7

https://t.co/Tj4znLrugn

[Native Markets @nativemarkets]

https://t.co/MSiNolwYLW