Felix HYPE
A Morpho vault on HyperEVM that lends out WHYPE deposits, curated by Felix. Depositors earn 5.36% a year right now after a 10% performance fee.
Data from Morpho's API · updated
Net APY
5.36%
after fees, paid to depositors
30-day APY
2.94%
7-day 6.35%
Deposits
$11.28M
122.66K WHYPE
Withdrawable now
$1.11M
10% of deposits
Performance fee
10%
of the interest earned
Depositors
7,314
largest holds 27.1%
Felix HYPE APY history
Net APY earned each day, measured from the vault's share price
| Day | Deposits | Net APY |
|---|
Deposits over time
Where the money goes
The markets this vault lends to right now, largest first
| Market | Lent | Share |
|---|---|---|
| kHYPE / WHYPELLTV 86% | $11.03M | 97.6% |
| wstHYPE / WHYPELLTV 86% | $272K | 2.4% |
| PT-kHYPE-24SEP2026 / WHYPELLTV 86% | $2.3K | 0.0% |
| Idle cashnot lent out | $0 | 0.0% |
| PT-kHYPE-19MAR2026 / WHYPELLTV 86% · not listed in the Morpho app | $0 | 0.0% |
| beHYPE / WHYPELLTV 86% | $0 | 0.0% |
The curator decides which markets the vault may use and how much it may put in each (the cap). Allocators then move money between those markets within the caps. How vaults work.
What the loans are backed by
Share of this vault's lending by the collateral borrowers put up
| kHYPE | 97.6% |
|---|---|
| wstHYPE | 2.4% |
| PT-kHYPE-24SEP2026 | 0.0% |
| Other | 0.0% |
| beHYPE | 0.0% |
Returns over time
Net APY actually earned over each period, from the share price
| Last day | 5.57% |
|---|---|
| Last 7 days | 6.35% |
| Last 30 days | 2.94% |
| Last year | 1.37% |
| Since the vault started | 2.04% |
Who controls this vault
| Curator | Felix |
|---|---|
| Owner | 0x4A82…0B3A4-of-6 multisig |
| Guardian | None |
| Timelock | 3 dayswait before risky changes take effect |
| Allocators | 1addresses that move money between markets |
| Pending changes | 1SetCap from January 4, 2026 |
| Created | June 20, 2025 |
Timelocks give depositors time to leave before a change they dislike takes effect. Morpho risks explained.
Details
| Deposit asset | WHYPEprice $92.21 |
|---|---|
| Vault version | MetaMorpho (V1) |
| APY before fees | 5.97% |
| Public allocator | Onborrowers can pull liquidity between this vault's markets |
| Vault contract | 0x2900…6A76 |
| WHYPE token | 0x5555…5555 |
| Network | HyperEVM |
The curator's description: "The Felix HYPE vault supplies HYPE to borrower markets under defined risk parameters. Vault returns track utilization and market demand while exposure is managed via caps, rebalancing, and collateral quality screens."
Largest depositors
7,314 addresses hold shares in this vault
| Address | Deposit | Share of vault |
|---|---|---|
| 0x7d60…eC0D | $3.06M | 27.1% |
| 0xB887…8D82 | $2.91M | 25.8% |
| 0xeE7A…2732 | $2.23M | 19.8% |
| 0x7461…2721 | $444K | 3.9% |
| 0x6bfa…08f3 | $271K | 2.4% |
| 0x8d23…63Fe | $142K | 1.3% |
| 0x2598…b75b | $135K | 1.2% |
| 0xfcc0…Cda2 | $124K | 1.1% |
| 0xC7Ea…acDB | $116K | 1.0% |
| 0x00a7…5809 | $98.5K | 0.9% |
When a few addresses hold most of a vault, one large withdrawal can use up the liquidity that is free right now.
About Felix HYPE
Felix HYPE is a MetaMorpho vault (Morpho V1) on HyperEVM, created on June 20, 2025. It takes WHYPE deposits and lends them to borrowers in 3 Morpho markets. The curator, Felix, decides which markets it may use and how much can go into each.
It holds $11.28M (122.66K WHYPE) from 7,314 depositors and pays a net APY of 5.36% after its 10% performance fee. Over the last 30 days depositors actually earned 2.94% a year, and 1.37% over the last year.
Its largest position is kHYPE / WHYPE at 98% of what it lends, followed by wstHYPE / WHYPE (2%) and PT-kHYPE-24SEP2026 / WHYPE (0%). Counting every market, its loans are backed mainly by kHYPE (98%), wstHYPE (2%) and PT-kHYPE-24SEP2026 (0%). 10% of deposits could be withdrawn right now.
Risky changes, such as adding a market, wait behind a 3-day timelock, which gives depositors time to leave first. The owner is a 4-of-6 multisig wallet. Morpho's app shows no warnings for this vault.
Felix HYPE: quick answers
What is the APY of Felix HYPE on HyperEVM?
Felix HYPE pays 5.36% net APY right now, after its fees. Measured from the growth of its share price, it paid 2.94% over the last 30 days. The rate changes every day with what its borrowers pay.
What does Felix HYPE lend against?
It lends WHYPE through 3 Morpho markets. The biggest is kHYPE / WHYPE with 98% of its lending. Overall its loans are backed mainly by kHYPE (98%), wstHYPE (2%) and PT-kHYPE-24SEP2026 (0%).
Can I withdraw from Felix HYPE right now?
About $1.11M of its $11.28M in deposits (10%) could be withdrawn immediately. The rest is lent out and frees up as borrowers repay or as higher rates bring in new lenders.
Who runs Felix HYPE and what does it charge?
Felix curates it. It keeps 10% of the interest earned as a performance fee. The net APY shown is after these fees.
What are the risks of Felix HYPE?
Like every Morpho vault, it can lose money if a borrower's collateral crashes faster than it can be liquidated, if a price oracle fails, or through a smart contract bug. Withdrawals can wait when its markets are fully borrowed. Changes to it wait behind a 3-day timelock. This is not advice.
Other WHYPE vaults
The same deposit asset, other curators and networks
| Vault | Net APY |
|---|---|
| Felix HYPE V2V2Felix · HyperEVM · $4.39M | 5.33% |
| MEV Capital HYPEMEV Capital · HyperEVM · $937K | 9.53% |