Felix USDH

USDH·HyperEVM·curated by Felix

APY1.24%-3.17% vs 30d

TVL$387.63K

Risk score17/ 100

Plain English explanationWritten by Sharpe Finance research · model card · last update 2026-05-12

What this vault actually does

The Felix USDH vault allocates USDH the Hyperliquid native stablecoin across curated Vanilla markets and manages exposure via caps and rebalancing to pursue consistent risk adjusted yield while accounting for peg and liquidity dynamics specific to USDH.

What breaks this vault

The honest version. Every structural failure mode this vault is exposed to, ranked by severity. If you want to know whether to invest, start here.

Every market relies on an external price feed. A stale or manipulated feed can mis-price collateral and produce unrecoverable bad debt.

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