The Farmers Market

Felix Protocol

DeFi Farming Active $$$

On-chain financial services provider on Hyperliquid offering DeFi trading, lending, and borrowing with HYPE and blue-chip assets

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Farming Overview

Farming Stage Early
Chain Hyperliquid
Products Borrow, Earn, Trade
Collateral HYPE, feUBTC, kHYPE, wstHYPE
Points Program Active
Maker Fees 0%
Borrow Costs Low LTV leverage

Key Statistics

Network Hyperliquid
Products 3 (Borrow, Earn, Trade)
Collateral Types 4+ assets
Status Active points program

How to Farm Felix Protocol

  1. Deposit collateral (HYPE, feUBTC, kHYPE, or wstHYPE) to start earning points
  2. Borrow feUSD against your collateral for leveraged positions
  3. Supply assets to vanilla lending pools to earn APY and points
  4. Trade spot equities, equity perpetuals, or commodity futures
  5. Participate in CDP markets for high-LTV leverage opportunities

Why Farm Felix Protocol?

  • Largest DeFi protocol on Hyperliquid by TVL, crossing $1B — accounts for ~17% of all HyperEVM liquidity
  • No token announced yet despite $800K+ protocol revenue — active points program since Apr 2025, classic pre-TGE setup
  • Dual farming: Felix points plus passive eligibility for Hyperliquid Season 2 (38.888% of HYPE supply)
  • Partnership with Ondo Finance for 100+ US equity spot markets on HyperEVM
  • Built on battle-tested Liquity V2 architecture, audited by Dedaub and Coinspect
  • Founder from Anthias.xyz (top-tier DeFi risk management) — TVL grew from $0 to $265M in under 2 months

About Felix Protocol

Felix Protocol is an on-chain financial services provider built on Hyperliquid, bundling trading and lending products into one convenient platform. Users can access DeFi lending markets, trade tokenized equities and commodities, and earn yields on stablecoin deposits.

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Frequently Asked Questions

What is Felix Protocol and how does it work?

Felix Protocol is an on-chain financial services provider built on Hyperliquid, bundling trading and lending products into one convenient platform. Users can access DeFi lending markets, trade tokenized equities and commodities, and earn yields on stablecoin deposits.

How do I farm the Felix Protocol airdrop?

To farm the Felix Protocol airdrop, you should: Deposit collateral (HYPE, feUBTC, kHYPE, or wstHYPE) to start earning points. Borrow feUSD against your collateral for leveraged positions. Supply assets to vanilla lending pools to earn APY and points. Trade spot equities, equity perpetuals, or commodity futures. Felix Protocol is currently in the early farming stage with farming active airdrop status.

What is the expected value of the Felix Protocol airdrop?

The Felix Protocol airdrop has an expected value rating of 3 out of 5 ($$$). The farming stage is early and the airdrop status is farming active. Expected value ratings on The Farmers Market consider factors like protocol TVL, funding, team quality, and token economics.

Why should I farm Felix Protocol?

Largest DeFi protocol on Hyperliquid by TVL, crossing $1B — accounts for ~17% of all HyperEVM liquidity No token announced yet despite $800K+ protocol revenue — active points program since Apr 2025, classic pre-TGE setup Dual farming: Felix points plus passive eligibility for Hyperliquid Season 2 (38.888% of HYPE supply)