defi · Treasury & cash · HyperEVM

Felix HYPE V2

av:defi:hyper:v2:bd31349e:v1

The Felix HYPE vault supplies HYPE to borrower markets under defined risk parameters. Vault returns track utilization and demand while exposure is managed by curators to prioritize risk adjusted yield

Enough is on the record to act on-chain

Curator, fee, timelock and indexed rates are present, and the index did not flag a severe warning. You can open the live deposit. You can lose what you deposit. This score is not a forecast and not a recommendation.

76of 100

Score rank 5 of 6

Public TVL
$3,068,711
Indexed net rate
0.71%
Ex-rewards
0.71%
Peer TVL rank
1 of 6 WHYPE
SmallerWHYPE on HyperEVMLarger

Rank 1 of 6. Further right means a larger public figure, not a better vault.

View on Morpho

Information only. Not investment advice, an offer, solicitation or endorsement. The decision score measures how complete the operating facts are. It is not a forecast, a safety rating or a recommendation to deposit.

Decision score

Each bar is a fact, weighted in the open. A high score means the record is more complete. It does not mean the vault will make money.

Identity100

Contract address, chain and asset are on the record.

Curator named100

Felix

Fee disclosed100

10.00% performance fee (indexed)

Timelock36

0.0 day delay on queued changes.

Idle liquidity55

21.9% of public TVL is marked liquid. Idle cash is not a promise you can exit in full.

Reward dependence100

Indexed net rate and the ex-rewards rate are nearly the same.

Warnings42

v2_warning_feed_not_in_index

Yield context100

Current and trailing average net rates. Neither is a forecast.

Public size37

Size is context. A larger vault is not a better one.

Written mandate100

A curator description was indexed and is quoted, not endorsed.

Indexed rates

Each point is an indexed window, not a daily price. The path can fall. It is not a forecast.

0.8%0.4%0.0%CurrentAverageEx-rewards

Where capital sits

Collateral behind the indexed supply. Markets are grouped. Small dust is omitted.

Allocation was not returned for this pull.

How capital moves

  1. 1 · You

    Deposit WHYPE from your own wallet.

  2. 2 · Vault

    Morpho Vault V2 share. Confirm the share token in the app before you treat it as an ERC-4626 claim.

  3. 3 · Strategy

    Curated on-chain lending · Felix

  4. 4 · Exit

    On-chain withdraw. A queue, cap or empty liquid balance can delay it. Instant liquidity is not implied.

Indexed liquidRest of public TVL

21.9% of TVL is the indexed liquid balance ($671,696). The rest is deployed and may not be withdrawable at once.

What can go wrong

Smart contract

A bug can lock or lose deposited assets.

ERC-4626 interface. An audit is not proof the code is safe, and this index does not attach audits.

Upgrade / admin

Roles may change fees, caps or where capital sits.

Timelock was not in the index.

Collateral

Borrowed asset is lent against collateral that can fall or freeze.

See the allocation chart. LLTV is a parameter, not a prediction.

Oracle

A bad price can distort liquidations in the underlying markets.

Oracle set is not enumerated in this feed.

Liquidity

A withdraw uses the vault’s liquid balance and the markets underneath.

Indexed liquid balance about $671,696.

Curator

Someone chooses the markets. That choice can be wrong.

Felix

Incentives

A displayed net rate can include rewards that end.

Compare the current rate with the ex-rewards rate on this page.

Warnings

The indexer may flag a known issue. Absence of a flag is not a clean bill of health.

v2_warning_feed_not_in_index

Operator

Felix

Curator · Allocator, fee and pause roles are not fully described by this market index.

“The Felix HYPE vault supplies HYPE to borrower markets under defined risk parameters. Vault returns track utilization and demand while exposure is managed by curators to prioritize risk adjusted yield” Indexed curator text. Not written or checked by AltVaults.
Fee
10.00% performance fee (indexed)
Access
Public DeFi access
Standard
Morpho Vault V2
Contract
0xbd3163135ca16c088b92b000ebc8c20a449c349e

How to read this record

What you would hold

Morpho Vault V2 share. Confirm the share token in the app before you treat it as an ERC-4626 claim. The operator on this record is Felix. The description above the fold is the curator’s own text.

How value gets in

Self-custodial deposit of WHYPE. Access is marked Public DeFi access. Fee on the record: 10.00% performance fee (indexed).

How value gets out

On-chain withdraw. A queue, cap or empty liquid balance can delay it. Instant liquidity is not implied. 21.9% of indexed TVL is currently marked liquid. A full exit can still wait on the markets underneath.

What would change the call

Timelock, Idle liquidity, Warnings, Public size sitting under 70 is the gap. Closing it does not make the vault a good investment. It makes the record easier to judge.

Public size against the nearest WHYPE vaults

Felix HYPE V2 · this record
Felix HYPE
MEV Capital HYPE
Gauntlet WHYPE
MYRMIDONS WHYPE

If you decide to act

  1. 01

    Check the gaps

    Read any warning, the reward gap and the liquid share before you sign.

  2. 02

    Use your own wallet

    Open the live vault and deposit only what you can afford to lose. AltVaults does not take custody.

  3. 03

    Keep the URL

    This page is the record. The Morpho app is the venue. They are not the same organisation.

Record notes

  • Asset WHYPE on HyperEVM.
  • Indexed curator: Felix.
  • Historical period rates on this page are protocol-indexed accounting, not AltVaults estimates.

Same asset, same chain

Updated 2026-11-04 03:41 · Morpho Vault V2 index. Vaults under $1,000 TVL are excluded. The warning feed is not loaded for V2 rows.