After receiving an inflow of questions from HYPE holders on what’s next (Who are the HYPE liquid staking providers? Where can I borrow against my HYPE? When is HyperEVM going live?), Felix protocol contributors have created a straightforward breakdown of the overall Hyperliquid ecosystem as we see it.

With a revitalized fervor for DeFi since the US elections coinciding with the imminent launch of HYPE, we at Felix are excited to share more about our motivation for building on the Hyperliquid L1.