Felix
A CDP stablecoin protocol on Hyperliquid that mints feUSD against over-collateralized HYPE and UBTC deposits.
What is Felix?
Felix is a Hyperliquid CDP protocol where users mint feUSD, a USD-pegged stablecoin, against over-collateralized HYPE or UBTC. Borrowers choose their own fixed interest rate, and stability pool depositors absorb liquidations while redemptions backstop the $1 peg using a Liquity V2-style market design.
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