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Felix
Projects

Felix

Derivative exchanges

Overview

What is Felix?
Felix combines stablecoin issuance with USDC-settled perpetual contracts on equities, commodities, indices, and crypto.
How does Felix work?
Felix issues feUSD and USDhl and deploys perpetual markets under the flx namespace on Hyperliquid's HyperCore order book.
Who governs Felix?
Felix is a protocol and product suite on Hyperliquid that spans stablecoins and HIP-3 perpetual markets.
RevenueFelix's 50% deployer share of HIP-3 trading fees (before marketing spend)$50Deploys perpetual markets on Hyperliquid HIP-3Supply-side feesHyperliquid's protocol share of fees (instant at trade time -> AF/HLP)$50Hyperliquid (atomic at-trade-time fee split)FeesTrading fees on Felix HIP-3 markets$100Traders
The values in this graphic are examples and do not reflect actual values. Treat them as approximations.