Felix Vaults

Description sourced from DeFiLlama's protocol metadata; teams submit their own copy when listing.

DeFiLlama publishes the exact rules used to aggregate on-chain balances into the headline TVL figure shown on this page. The methodology below is the team's own source-of-truth description.

Felix Vanilla represents direct lending markets TVL calculated as Total Morpho Blue TVL minus Felix Vaults TVL. This captures the portion of Morpho Blue markets accessed through Felix's direct lending interface rather than through managed vaults.

If a contract or vault isn't in this list, its balance does not contribute to the TVL displayed on Mantapex or DeFiLlama.

Felix Vaults is published as a versioned release inside the Felix protocol family. Releases inside the same family typically share governance, brand, and large parts of the audit history, but each version can run materially different contract logic — a release labelled v2 or v3 is not just a UI refresh. Newer versions inside a family typically launch with their own audit cycle and parameter set, so do not assume the previous release's safety record carries over without checking the linked audit reports.

Fork lineage and parent-protocol relationships are tracked by DeFiLlama for security and audit-history attribution; a fork inherits the upstream design but not necessarily the upstream audits or governance.

Felix Vaults is a versioned release inside a larger protocol family. View the parent for combined TVL and all sibling versions.

Major events flagged by the DeFiLlama community — protocol launches, exploits, governance changes, and incentive programs.

1. May 28, 2025
   Listed on DeFiLlama

Felix Vaults operates in the Onchain Capital Allocator category of DeFi. It is deployed on Hyperliquid L1. No public audit reports are listed on DeFiLlama for this protocol.

Felix Vaults is a single-chain protocol, deployed exclusively on Hyperliquid L1 — this concentrates execution risk but simplifies the trust model. Price feeds come from a single oracle provider (RedStone); an outage or manipulation of that feed would propagate into every market the protocol prices. No public audit reports are linked from DeFiLlama for this protocol despite a non-trivial TVL — treat any deposit as carrying material smart-contract risk.

Verified external resources for Felix Vaults — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.

Felix Vaults is one of 7 Onchain Capital Allocator protocols Mantapex tracks in this category. Direct peers ranked by total value locked include Spark Liquidity Layer, Veda, Concrete, and 3 more. These peer protocols collectively secure $5.1B in deposits, giving you a frame of reference for whether Felix Vaults's own TVL is at the top, middle, or tail of the category.

Spark Liquidity Layer

TVL $1.5B · 24h +4.19%

Veda

TVL $1.3B · 24h +0.19%

Concrete

TVL $1.1B · 24h +0.85%

ether.fi Liquid

TVL $496.6M · 24h +0.67%

Upshift

TVL $326.9M · 24h -0.94%

Mellow Core

TVL $296.1M · 24h +4.47%