Hyper USDUSDhl
USDhl, identified in the issuer documentation as Felix's program asset Hyperliquid Dollar, is recorded by the Felix Protocol as a rewards or program asset that has been sunsetted and is in the process of being removed from the protocol's user interface. The cited Felix Protocol documentation does not describe an active economic exposure for USDhl. The dossier characterizes USDhl only as a discontinued Felix program asset undergoing removal from the interface, and provides no reference-asset peg ratio, yield source, accrual mechanism, or holder-borne fee schedule specific to this token. Felix's collateral, redemption, and yield mechanics described in the dossier apply to its separate asset feUSD and to its Vanilla lending markets, not to USDhl. The Felix Protocol presents itself as a decentralized borrowing and lending protocol on the Hyperliquid blockchain whose tokens are issued by smart contracts rather than by a single named corporate entity. No legal entity, jurisdiction of formation, regulator, or license regime is disclosed on any reachable Felix domain, and terms and risk disclosures are linked only off-domain. The cited documentation describes no holder claim, eligibility gate, redemption right, or custodial protection specific to USDhl, which it records solely as a sunsetted program asset being withdrawn from the interface. The Felix Protocol operates on the Hyperliquid blockchain, and its assets are onchain smart-contract tokens. The cited documentation provides no token standard, mint or redeem mechanics, settlement timing, or oracle publication mechanism specific to USDhl, recording the asset only as sunsetted and being removed from the protocol interface.