# Welcome to Felix

Felix is an on-chain financial services provider, offering users access to DeFi trading and lending products. We bundle products into a single, trusted venue so that customers get ease of access, convenience, and cost-efficiency gains.

## Trading Products

| Products                                                                                    | What It Does                                                           |
| ------------------------------------------------------------------------------------------- | ---------------------------------------------------------------------- |
| [Spot Equities](https://usefelix.gitbook.io/docs/trading-products/spot-equities)            | Buy and sell tokenized equities with USDC.                             |
| [Perpetual Futures](https://app.gitbook.com/o/n5iCQOMvurUghop1f7qS/s/UevRiCw1GHmQG3AN69KM/) | Deposit margin and long/short popular equities, commodities, and more. |

## Lending Products

| Products                                                                                   | What It Does                                                                                                 | Who It’s For                                                                                                 |
| ------------------------------------------------------------------------------------------ | ------------------------------------------------------------------------------------------------------------ | ------------------------------------------------------------------------------------------------------------ |
| [**CDP Market (feUSD)**](https://usefelix.gitbook.io/docs/lending-products/quickstart)     | Deposit collateral → mint feUSD -> swap into another asset for leverage.                                     | Traders seeking high‑LTV leverage and cheap borrow costs.                                                    |
| [**Vanilla Markets**](https://usefelix.gitbook.io/docs/lending-products/publish-your-docs) | Variable‑rate lending pools. Borrow asset‑native tokens (e.g., HYPE, HUSD, USDC) or supply them to earn APY. | Users who prefer direct exposure to the asset they borrow/lend—no redemption mechanics, fully dynamic rates. |