Felix review
Felix curates lending vaults centred on Hyperliquid's HYPE collateral. It runs a mid-sized book of five vaults, but its measured assets fell over the quarter and utilisation is pinned near the top of its range, which is why it lands mid-table despite reasonable size.
The numbers
| Metric | Value | Score | Source |
|---|---|---|---|
| Assets under curatorship29% | $22.1M | 8.0/10 | Morpho 2026-09-22 |
| 90-day growth18% | -68.4% | 3.0/10 | Morpho 2026-09-22 |
| Concentration24% | 76.1% | 6.0/10 | Morpho 2026-09-22 |
| Utilisation12% | 91.2% | 8.0/10 | Morpho 2026-09-22 |
| Fee17% | 10% | 7.0/10 | Morpho 2026-09-22 |
Concentration and utilisation are AUM-weighted across the firm’s listed vaults. Each metric is scored 0–10 on fixed open-data thresholds (see the methodology). Active depositor counts have no reliable open feed, so that metric is left out of the rubric rather than estimated.
- Assets under curatorship: $22.1M (8.0/10)
- Utilisation: 91.2% (8.0/10)
- 90-day growth: -68.4% (3.0/10)
Who it’s for
Depositors comfortable with a smaller, more focused book in exchange for a specific market thesis.
Depositors who need a published, third-party depositor count and audit trail beyond what the protocol exposes.
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