Proposal #215: Reduce feUSD Borrow Interest Rate for HYPE-Backed Positions

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Proposed by Felix Core Contributors · 2 days ago

Overview

This proposal seeks community approval to reduce the interest rate on feUSD borrows that are backed by HYPE collateral. The goal is to make borrowing more capital-efficient for HYPE suppliers, encourage healthy protocol usage, and improve overall market stability within the Felix ecosystem.

Why this matters

  • Lowers borrowing costs for users supplying HYPE as collateral

  • Encourages sustainable feUSD demand and protocol utilization

  • Aligns interest rates with current market conditions on HyperEVM

Community Snapshot Vote

Participate in the official governance vote. Your wallet balance at the snapshot block determines voting power.

🗳️ What is this vote?

This Snapshot proposal allows eligible Felix users to vote on whether the protocol should reduce the interest rate applied to feUSD borrows secured by HYPE collateral.

📸 How voting power works

Your voting power is determined by your eligible supplied assets on Felix at the snapshot block. Only users who supplied assets before the snapshot are able to participate in this vote.

⏱️ Voting window

The vote is open for a limited time. Make sure to submit your choice before the deadline to ensure your vote is counted.