Felix CDP · Hyperliquid L1

KHYPE

Overview

The Felix CDP KHYPE pool on Hyperliquid L1 is a collateralized debt position where users can deposit the native token, KHYPE, to generate or borrow assets against it as collateral. The protocol operates by allowing participants to create overcollateralized loans and earn interest from borrowing activities. Total APY stands at 0%, with no reward component. There is no trend data available for either the 7-day or 30-day periods since both `apy_pct_7d` and `apy_pct_30d` are null, and there is no mean value to compare against. TVL currently sits at $4.94M with no multi-asset impermanent loss exposure due to its single-token nature. The primary risk here revolves around smart-contract vulnerabilities specific to the CDP mechanism.

Composed 2026-05-20 from the structured data above. See methodology for the full pipeline.

Risk profile

• Smart contract risk

  Funds are deposited into a smart contract. A bug or exploit in the contract could lead to total loss. Audits reduce, but do not eliminate, this risk. Check the protocol page for audit history.

• Yield variability

  Yields can change as TVL and incentive emissions change. The current APY is not a guarantee.

These notes are derived from the pool's structured data, not editorial advice. See our methodology.