UseFelix
A decentralized financial account for trading tokenized US equities, perpetual futures, and generating yield on feUSD — all settled on-chain.
Why UseFelix
One account. Multiple markets.
The UseFelix platform brings US spot equities, crypto spot, and perpetual futures together under a single wallet address. No separate brokerage accounts or exchange credentials required. Overseeing your positions is more straightforward than you might expect.
Put idle cash to work
Stablecoin holders who supply feUSD or USDC to the lending pool collect interest from active borrowers. Rates respond in real time. Comparable protocols like Aave pioneered this model for crypto; UseFelix brings it to equity collateral.
Borrow without liquidating
Post tokenized equity positions — TSLA, NVDA, MSFT and more — as collateral and borrow feUSD on demand. Your market exposure stays untouched. Loan-to-value ratios are enforced algorithmically, around the clock.
Built on transparency
Every trade, mint, and liquidation is recorded on-chain. No concealed order books. Smart contracts — not intermediaries — uphold the rules. Read the Ethereum docs on smart contracts to understand how the mechanics work.
UseFelix by the numbers
How it works
Connect your wallet
Any EVM-compatible wallet works. MetaMask, Rabby, and hardware wallets are all supported. No registration form required.
Deposit USDC
Bridge from Ethereum, Arbitrum, or Polygon. Funds arrive in your on-chain account within minutes. The minimum deposit is $1.
Trade or lend
Purchase a tokenized equity, open a perp position, or supply to the lending pool. All three options are accessible from the same dashboard.
Mint feUSD (optional)
Lock collateral and mint the UseFelix protocol's native stablecoin. Deploy feUSD as margin or transfer it to an external wallet.
Withdraw at any time
There are no lockup periods on the UseFelix platform. Close positions and withdraw to your wallet whenever you decide.
Tokenized equities on the UseFelix platform are backed 1:1 by real securities held in custody — similar in concept to how ERC-721 tokens represent unique off-chain assets, but applied here to fungible stock shares. This structure gives you price exposure to AAPL or QQQ without requiring a US brokerage account.
Honestly, the overnight trading session stands out as one of the platform's more compelling features. Traditional markets shut down at 4 PM Eastern. UseFelix's on-chain matching engine keeps operating. Prices track live reference feeds even when the NYSE is closed.
See also: Tokenization (finance) — Wikipedia
Key features
Spot equities trading
Buy and sell tokenized shares of US-listed companies and ETFs including NVDA, META, AMZN, SPY, and QQQ. Positions settle on-chain. No broker in between.
Perpetual futures
Trade crypto perpetuals with up to 50× leverage. Funding rates are market-driven. The matching engine on HyperLiquid handles thousands of orders per second.
feUSD stablecoin
The UseFelix protocol's own USD-pegged token. Mint it against accepted collateral. Use it for margin, lending, or off-ramp purposes. Soft and hard peg mechanisms keep it near $1.00.
Lending & borrowing
Supply assets to earn variable APY. Borrow against equity or crypto collateral. No fixed terms. Interest accrues per block. The model draws conceptual lineage from Aave v3's pool architecture.
Points program
Every trade and lending interaction earns UseFelix Points. Points accumulate based on volume and duration. Future token distributions may reference Point balances.
Overnight trading session
Equity markets on the UseFelix platform run beyond standard NYSE hours. Reference prices update continuously via decentralized oracles during off-market periods.
Multi-network deposits
Bridge USDC from Ethereum mainnet, Arbitrum, and Polygon directly into your UseFelix account. Withdrawals use the same routes. No manual wrapping required.
FAQ
What is UseFelix?
UseFelix is a decentralized financial account built on HyperLiquid. It enables users to trade tokenized US equities, perpetual futures, and generate yield on feUSD stablecoins — all without a conventional brokerage. The team behind UseFelix launched the protocol in 2024. Find out more on the about page.
How do I start trading on UseFelix?
Connect a compatible Web3 wallet. Deposit USDC — the minimum is $1. Then select any listed equity or perpetual market and place an order. Settlement occurs on-chain in seconds, not days.
Is UseFelix safe and audited?
The UseFelix protocol has been through independent smart-contract audits conducted by third-party security firms. All tokenized equities are backed by real securities held by licensed custodians. That said, DeFi carries inherent risks — review the documentation carefully before depositing significant funds.
What is feUSD?
feUSD is the UseFelix platform's native stablecoin. It is created by locking accepted collateral — spot equities, crypto, or a mix — into a smart contract. You can lend feUSD to earn yield, use it as perpetual margin, or transfer it to another wallet.
Can I borrow against my stock holdings on UseFelix?
Yes. Post tokenized NVDA, AAPL, TSLA, or other accepted equities as collateral and draw a feUSD loan without closing your position. Loan-to-value limits vary by asset. Liquidation is triggered automatically if your collateral ratio falls below the threshold.
Which networks does UseFelix support?
UseFelix operates natively on HyperLiquid. Deposits from Ethereum mainnet, Arbitrum, and Polygon are all supported. Withdrawals route back through those same bridges. Native HyperLiquid transactions confirm in under one second.
What equities can I trade on UseFelix?
The protocol currently lists 35+ tokenized assets. Major names include NVDA, AAPL, TSLA, MSFT, AMZN, META, GOOGL, AMD, INTC, and ETFs like SPY, QQQ, SOXX, and SOXL. New assets are proposed by the community and added on a rolling basis.
How does UseFelix differ from Aave?
Aave concentrates on crypto-native lending pools. The UseFelix protocol builds on that foundation by accepting real-world equity collateral and incorporating spot trading and perpetual futures into the same interface. It represents a wider financial scope within a single on-chain account rather than a standalone lending market.
Why should I earn yield through UseFelix?
Lenders on the UseFelix platform collect variable interest paid by borrowers. Rates adjust algorithmically according to pool utilization — no fixed terms, no lock-ups. Historically, feUSD lending rates have ranged from 6% to 12% APY depending on market demand. Visit the Q&A page for a more detailed breakdown.
Can I use UseFelix if I am outside the US?
Access depends on your local regulations. The team behind UseFelix publishes jurisdiction-specific terms of service that users must acknowledge. Always confirm whether tokenized equity trading is permitted in your country before depositing funds.