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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Avalon Labs
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Felix alternatives
Explore web3 competitors and apps like Felix.
River Inc
Frax Finance
Saturn
SavvyApp store listings are independently reviewed and written by Alchemy using a combination of inbound submissions, editorial research, public project sources, and third-party directories, including ecosystem data from The Grid under the Open Database License, DefiLlama, DappRadar, Reown, and chain ecosystem pages.
