Today, April 8, marks one year of Felix going live with our first product in production: lending. As this first year comes to an end, the final points distribution will take place this Friday, April 10.
In the last year, we have built a start for Felix: we built the largest stablecoin lending market for HYPE holders and went 0 -> 1 on a series of RWA trading products (RWA perps, spot equities).
Through the experiences of the last year, it has become clear that we are only scratching the surface of DeFi’s potential. Ultimately, DeFi can proliferate the dollar and dollar-based financial services into every under-served market in the world. To name three of the many examples of mass-market value creation enabled through DeFi: 1) the ability to escape one’s local hyperinflationary currency; 2) the ability to have a self-custodial financial account instead of forced reliance on traditional intermediaries; 3) the ability to access an unfettered brokerage account for the previously "un-brokered."
In just the last year, much progress has been made in Hyperliquid on the path to solve of these needs (e.g the rapid growth of RWA perps bringing access to TradFi asset exposure to anyone with a crypto wallet) as well as beyond Hyperliquid (e.g the continued growth in stablecoin market cap during a down year for BTC and crypto prices at large) - but much work remains. Whether that’s improving the rails between fiat <> stablecoins (from USD, but even more so for other currencies where FX rates are exorbitantly expensive), building out a wider selection of trading product support across asset classes and instrument types, building the elegant application layer that rivals the likes of what Robinhood and Revolut have accomplished for US brokerages and EU brokerages respectively, or accomplishing the geographically widespread go-to-market coverage that IBKR has dominated (finding a way to gain mass market share from LATAM to East Asia and beyond), many high-impact areas remain unsolved for DeFi.
Our focus at Felix is solving these problems in order to enable the full potential of DeFi. As always, our team is excited to hear your feedback as we pursue these high-impact, unsolved problems in DeFi today.
Whal3s on Hyperevm have been successfully minted and are in the process of getting distributed!
You can view and trade them currently on @opensea on the link below:
opensea.io/collection/wha…
Special thank you to @kodemill and all the artists for the help!
Flex your new Whal3 below! 👀
Whal3s on top ❤️
Over the past 2 weeks, RWA trading on Hyperliquid has repeatedly broken records, surpassing $1.3B in open interest and $1.4B in weekend volume.
When traditional markets are closed, Hyperliquid is the premier venue for 24/7 price discovery on oil, metals, indices, and other essential assets. This is an important step towards housing all of finance.
BREAKING:
Mad Lads founder @armaniferrante made a rare appearance in Mad Lads Discord to flame 🔥holders who are unhappy.
Tells them "you received VIP Tier on the Exchange and 1% of TGE - anyone who wants more is ridiculous and pathetic"
Meanwhile, most holders have never been able to use the Exchange, and have lost way more money holding the NFT than the small airdrop they will receive.
BTW - Armani received millions of dollars, and his entire startup ability, from Mad Lads royalties and the free hype and promotion from the community.
@JGoldSolana@armaniferrante Show me an NFT project that has provided more for their community over the last 6 months (Pudgies airdrop accepted). Explain what they have done that makes you feel they have done more.