Felix HIP-3 is now live with USDH!
Introducing Felix Exchange
At Felix, our core goal since inception has been to create ways to enhance the trader experience on Hyperliquid and deliver Hyperliquid to more people globally. Through our money market products, the core use case has always been to open access to liquidity in order to trade more on HL. Now with Felix Exchange, we are bringing new markets to more current and future Hyperliquid power users
Via Felix Exchange and our HYPE stake backers @HyperionDeFi + @smartestmoney, we will be deploying markets on Hyperliquid’s HIP-3 infrastructure to continue to drive HL expansion. These markets will be denominated in the Hyperliquid-native stablecoin USDH, which will drive further value back to Hyperliquid and allow cost reductions for traders
Serve the Hyperliquid trader; Bring Hyperliquid to the masses. gFelix
Every dollar in their HIP-3 markets will be one less dollar in the Arbitrum-Hyperliquid bridge, and one more dollar working for the Assistance Fund.
We look forward to the new markets @felixprotocol will bring forward, powered by a stablecoin that puts Hyperliquid first.
With the launch of $USDH HIP3 markets, we are witnessing the first real sink for USDH finally go live @felixprotocol @ventuals
USDH markets will have the following upgrades once the aligned stablecoin proposal is deployed to mainnet: 20% lower taker fees, 50% better maker rebates, and 20% more volume contribution toward fee tiers.
As a native aligned stablecoin, 50% of treasury yields backing USDH goes towards accumulating $HYPE and the AF.
Users can acquire USDH from Hypercore spot orderbooks, minting directly from @nativemarkets or borrow/lend on Felix Vanilla.
Full disclosure: I am an investor in Felix supporting their HIP3 stake and farming points from Day 1.
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