Delpho
Delpho
Redefining productive onchain money. The first atomic stablecoin powered by perpetual funding.

Delpho in a Nutshell

Money on-chain still makes you choose: hold a “stable” dollar that earns nothing, or chase yield and surrender trust. Delpho ends that trade-off. Built natively on Hyperliquid’s dual-block architecture, we mint dUSD: the first atomic stablecoin that’s collateralized, hedged, and yielding in a single transaction.

       1.        How it works
       •        Deposit HYPE on HyperEVM.
       •        An equal-and-opposite hedge auto-executes on HyperCore.
       •        dUSD hits your wallet and, once staked, streams the perp-funding spread straight back to you.

No vault hops, no CeFi signatures, no idle collateral. Everything is on-chain, auditable, and composable.

       2.        Why it matters
       •        Safety + Yield, day one. Funding covers carry, so users are effectively paid to borrow.
       •        Native liquidity loop. Every mint tightens perp markets and adds buy pressure to HYPE, compounding TVL inside the ecosystem.
       •        Protocol-ready primitive. dUSD slots into AMMs, structured products, and points farms without shadow banking risk.

       3.        What we stand for
Delpho is our vision for Hyperliquid-native money. It exists to prove you don’t have to compromise. We’re here to deliver trustless dollars that never sleep, powering a Hyperliquid economy where stability, composability, and real yield finally coexist.