Key Takeaways
- The Felix Protocol is a DeFi platform built on Hyperliquid’s Layer-1 blockchain, specifically HyperEVM, designed as a Collateralized Debt Position (CDP) stablecoin protocol.
- Felix enables users to mint feUSD by depositing various cryptocurrencies as collateral, offering a decentralized, permissionless way to access a stablecoin for trading, saving, or payments without selling crypto holdings.
- feUSD is pegged to the USD through over-collateralization, liquidations, and redemptions. Users can redeem feUSD for $1 worth of collateral (minus fees) directly from the protocol, ensuring the peg.
Disclaimer: Crypto airdrops are promotional events where tokens are distributed to existing holders of a cryptocurrency or to individuals who meet certain criteria. While airdrops can be a way to acquire tokens at no cost, they also involve risks. There’s no guarantee that the airdropped tokens will increase in value, and there may be associated fees or requirements. Additionally, airdrops can be susceptible to scams and phishing attempts. Always exercise caution and verify the legitimacy of any airdrop opportunity before participating.
What Is Felix?
Felix is a decentralized finance protocol built on the Hyperliquid Layer-1 blockchain, designed as a Collateralized Debt Position (CDP) system.
It allows users to deposit collateral assets (such as HYPE, PURR, BTC, ETH, or SOL) to mint feUSD, a stablecoin pegged to the US dollar. feUSD can be used for trading, saving, or payments without selling crypto holdings.
The protocol is an authorized fork of Liquity V2, tailored for the Hyperliquid ecosystem, and emphasizes security, risk management, and capital efficiency.
How To Qualify For An Airdrop?
By participating on their platform, users may be eligible for a future airdrop, though this is not guaranteed.
To join:
👉 STEP 1: Transfer your funds to Hyperliquid’s HyperEVM chain through HyBridge.
Select any token to swap from, and pick FEUSD on HyperEVM.
👉 STEP 2: Head over to https://usefelix.xyz/ and open the App.
👉 STEP 3: Connect your Web3 Wallet.
👉 STEP 4: On the “Earn” page, deposit your FEUSD on the HYPE or UBTC stability pool.
👉 STEP 5: Keep an eye on official announcements and hope for the best!
Final Thoughts
That’s about it for this airdrop guide! For more potential airdrops like this one, visit our Airdrops page, where we cover only the most legit airdrops happening in the crypto space!
Lastly, if there are any potential airdrops you want us to cover, reach out to us on our Telegram channel!
