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Boop.Fun leading the way with a new launchpad on Solana.
kHYPE is now live on @felixprotocol CDP with a 10m mint cap
A trade here for Felix CDP enjoyors?
1. Deposit kHYPE collateral on Felix CDP
2. Mint feUSD at sub-market borrow rate*
3. Deposit feUSD into HYPE Stability Pool, earning 10-12%
Earn spread between borrow rate and SP yield depending on interest. Gain exposure to incentives
Risk Profile?
>Liquidation risk (Max LTV is 74.07%, so ensure your value is always safely below)
>Redemption risk (Getting redeemed isn't a cost if caught quickly enough, but to avoid redemption, ensure you have substantial feUSD in front of you in the redemption queue)
>Smart contract risk (Felix CDP is built on the Liquity v2 codebase and audit reports can be found in the Smart Contract Audits section of our Docs. Do your own DD before using as always)
*Reminder to actively monitor interest rate to avoid redemption unless using a rate manager
km, gFelix
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