Allocate 60% of $HYPE to Felix Vanilla Markets on HyperEVM

Allocate 60% of ReidarDAO’s $HYPE treasury to the Felix Vanilla Markets (built on Morpho) on HyperEVM [this represents about 472 $HYPE and at current prices ~$17,500]. The primary objective is to farm airdrop points, with a secondary benefit of earning modest yield.

Felix is a DeFi protocol deployed on HyperEVM, with Vanilla Markets built on Morpho. It enables users to lend assets like $HYPE into variable-rate markets while earning both interest and Felix airdrop points. The airdrop program, recently launched, is expected to be the core value driver in the near term, as the underlying yield remains low but has the potential to rise over time as borrower demand grows.

Felix currently manages over $240 million in TVL across all its markets. Daily volume and borrowing activity are steadily increasing, and user engagement has grown meaningfully since the airdrop program began. The Vanilla Market structure integrates Morpho vaults, allowing capital-efficient lending without requiring Felix to custody borrower funds.

Snarfist, Ser Elton, and I — previously spoke with the Felix founder to vet their approach and implementation. We were satisfied with their responses, particularly around security architecture.

The main risk is smart contract risk, but the underlying protocol utilized is very well-audited, the platform has been in production for several months now, and the team seems highly competent.

More resources here: https://usefelix.gitbook.io/felix-docs https://risk.usefelix.xyz