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Project Overview
Felix is a synthetic dollar protocol on Hyperliquid L1 that allows users to deposit collateral and borrow feUSD to earn income using Felix vaults.
Listed company Hyperion reaches 500,000 HYPE bond agreement with Skew to jointly expand the Hyperliquid institutional perpetual contract market
According to The Block, Nasdaq-listed Hyperliquid treasury company Hyperion DeFi (HYPD) announced a HYPE Asset Usage Service Agreement (HAUS) with Skew Technologies and will deploy 500,000 staked HYPE (approximately $33.59 million) to Skew to support Skew's launch of a new suite of institutional-grade perpetual futures products on the Hyperliquid HIP-3 permissionless market. In return, Hyperion will receive equity in Skew and a revenue share from market listing services. Previously, Hyperion had terminated similar staking agreements with Felix and Native Markets because both built HIP-3 markets based on Hyperliquid's deprecated native stablecoin USDH. Currently, Hyperliquid has shifted to using Circle's USDC as the primary quote asset, with Coinbase serving as the stablecoin vault provider.
Felix Protocol Announces Shutdown of HIP-3 DEX, Refocusing on Core Lending Business After Competitive Setback
Charlie (@0xBroze), co-founder of the Felix Protocol, announced that Felix’s HIP-3 DEX and all spot markets will begin shutting down on June 19 and complete shutdown by June 20; all traders must close their active positions before then. In its post-mortem analysis, the Felix team noted that competitor TradeXYZ successfully established a growth flywheel and gained market dominance by launching earlier, pricing in USDC (rather than Felix’s USDH), rapidly expanding the number of markets, and leveraging airdrop-driven brand effects. Although Felix launched first in markets such as OIL, GOLD, and SILVER—and recorded approximately $3 billion in trading volume—it was ultimately overtaken by TradeXYZ. Felix emphasized that the DEX shutdown will not affect its lending or spot stock trading businesses, and the team will continue focusing on upgrading and iterating these core products.
U.S. food delivery platform DoorDash is collaborating with Tempo to explore paying delivery personnel in stablecoins.
According to Fortune, Tempo—a blockchain project backed by Stripe and Paradigm—has launched “Stablecoin Advisory” services to support enterprises and financial institutions in adopting stablecoins, including identifying suitable use cases and deploying engineers to assist with stablecoin integration. The report states that DoorDash is collaborating with Tempo to explore paying delivery personnel in stablecoins; Stripe, Coastal Community Bank, and ARQ are also building stablecoin infrastructure on Tempo’s platform, while Visa, OnePay, Felix, Fifth Third Bank, and Howard Hughes Holdings are integrating their payment operations with Tempo.
Revoke.cash Launches CoW Swap Affected Address Checker Portal
The token permission checker Revoke.cash has launched a portal to identify addresses affected by CoW Swap. Users can enter an address in the portal to check whether it is impacted by unrevoked approvals. Earlier, CoW Swap’s Technical Lead Felix Leupold tweeted that CoW Swap’s frontend has been restored and is now accessible at swap.cow.finance. He reminded users that approvals were only granted to the original GPv2VaultRelayer contract address.
CoWSwap frontend access restored; official reminder to verify approved contract addresses
Felix Leupold, Technical Lead of CoWSwap, posted an update on X stating that the CoWSwap frontend has been restored and users can now access it at swap.cow.finance. The official notice reminds users to authorize only the address 0xc92e8bdf79f0507f65a392b0ab4667716bfe0110 (i.e., the original GPv2VaultRelayer contract). Earlier, Blockaid reported that its system had detected an attack on the frontend of the decentralized exchange CowSwap; CoW Swap subsequently issued an announcement confirming a frontend outage and advising users not to transact on the platform temporarily.
Related news
Stablecoin remittance company Felix Pago completes $200 million Series B funding round, a16z joins investment
According to Bloomberg, remittance startup Felix Pago announced the completion of a $200 million Series B financing round, featuring an $87 million equity investment led by Andreessen Horowitz and a $113 million credit facility from General Catalyst’s Customer Value Fund. Felix Pago plans to leverage the proceeds to expand from its remittance business into other financial services, including lending and savings, targeting Latin American immigrants in the United States.
Banxa Launches Native Infrastructure to Embed Stablecoin Buying and Selling Processes into Partner Applications
According to BeInCrypto, payment company Banxa launched Banxa Native on August 20, providing embedded fiat deposit and withdrawal infrastructure for wallets, exchanges, and fintech platforms. Partners can execute fiat purchases or sales of crypto assets within their own interfaces, while Banxa provides backend pricing, compliance verification, and settlement services, reducing the need to redirect to third-party pages or undergo repetitive KYC verifications. For example, users can directly purchase USDC via Apple Pay, Google Pay, or bank cards within the wallet; for users who have already completed identity verification, their KYC information can be passed from the partner platform to Banxa, streamlining the process for subsequent transactions. Trust Wallet CEO Felix Fan stated that this partnership helps directly embed compliant fiat-to-crypto channels into the user journey.
Listed company Hyperion reaches 500,000 HYPE bond agreement with Skew to jointly expand the Hyperliquid institutional perpetual contract market
According to The Block, Nasdaq-listed Hyperliquid treasury company Hyperion DeFi (HYPD) announced a HYPE Asset Usage Service Agreement (HAUS) with Skew Technologies and will deploy 500,000 staked HYPE (approximately $33.59 million) to Skew to support Skew's launch of a new suite of institutional-grade perpetual futures products on the Hyperliquid HIP-3 permissionless market. In return, Hyperion will receive equity in Skew and a revenue share from market listing services. Previously, Hyperion had terminated similar staking agreements with Felix and Native Markets because both built HIP-3 markets based on Hyperliquid's deprecated native stablecoin USDH. Currently, Hyperliquid has shifted to using Circle's USDC as the primary quote asset, with Coinbase serving as the stablecoin vault provider.
Felix Protocol Announces Shutdown of HIP-3 DEX, Refocusing on Core Lending Business After Competitive Setback
Charlie (@0xBroze), co-founder of the Felix Protocol, announced that Felix’s HIP-3 DEX and all spot markets will begin shutting down on June 19 and complete shutdown by June 20; all traders must close their active positions before then. In its post-mortem analysis, the Felix team noted that competitor TradeXYZ successfully established a growth flywheel and gained market dominance by launching earlier, pricing in USDC (rather than Felix’s USDH), rapidly expanding the number of markets, and leveraging airdrop-driven brand effects. Although Felix launched first in markets such as OIL, GOLD, and SILVER—and recorded approximately $3 billion in trading volume—it was ultimately overtaken by TradeXYZ. Felix emphasized that the DEX shutdown will not affect its lending or spot stock trading businesses, and the team will continue focusing on upgrading and iterating these core products.
U.S. food delivery platform DoorDash is collaborating with Tempo to explore paying delivery personnel in stablecoins.
According to Fortune, Tempo—a blockchain project backed by Stripe and Paradigm—has launched “Stablecoin Advisory” services to support enterprises and financial institutions in adopting stablecoins, including identifying suitable use cases and deploying engineers to assist with stablecoin integration. The report states that DoorDash is collaborating with Tempo to explore paying delivery personnel in stablecoins; Stripe, Coastal Community Bank, and ARQ are also building stablecoin infrastructure on Tempo’s platform, while Visa, OnePay, Felix, Fifth Third Bank, and Howard Hughes Holdings are integrating their payment operations with Tempo.
Revoke.cash Launches CoW Swap Affected Address Checker Portal
The token permission checker Revoke.cash has launched a portal to identify addresses affected by CoW Swap. Users can enter an address in the portal to check whether it is impacted by unrevoked approvals. Earlier, CoW Swap’s Technical Lead Felix Leupold tweeted that CoW Swap’s frontend has been restored and is now accessible at swap.cow.finance. He reminded users that approvals were only granted to the original GPv2VaultRelayer contract address.