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![0xlykt Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1517524203519430656.png) lykt.hl [@0xlykt](/creator/twitter/0xlykt) on x 2228 followers
Created: 2025-07-20 10:11:13 UTC

I just made @felixprotocol history by being the first person to be liquidated on the kHYPE/HYPE vanilla market

I was doing a kHYPE/HYPE loop - maxing out my HYPE borrows against my kHYPE deposits, then staking the borrowed HYPE into kHYPE and redepositing it 

While I was doing this loop, I realised that Hyperlend kHYPE caps were being raised soon, so I sent the kHYPE I had to another wallet and did a Hyperloop using kHYPE when caps opened up there

However, my health factor on Felix was still XXXX as I had maxed out the borrow and not redeposited any kHYPE I minted using the borrowed HYPE 

I guess with the high borrow rate for HYPE, my health ratio fell below 1, making it eligible for liquidation, as you can see in the image below

Please tell me I get bonus Felix points for being liquidated (I lost XX HYPE from a careless mistake)

![](https://pbs.twimg.com/media/GwSve-tXoAAj89K.jpg)

XXXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1946875537294852128/c:line.svg)

**Related Topics**
[hyperlend](/topic/hyperlend)
[staking](/topic/staking)
[loop](/topic/loop)
[felixprotocol](/topic/felixprotocol)

[Post Link](https://x.com/0xlykt/status/1946875537294852128)