what's Delpho?
Delpho is an atomic stablecoin protocol built natively on Hyperliquid. It enables fully on-chain, yield-bearing stablecoins like dUSD, leveraging perpetual funding rates to generate yield directly from deposits. The protocol turns idle assets into active participants in the ecosystem through transparent mechanisms. Delpho's Prism Pass system qualifies Hyperliquid users via merit-based tiers, rewarding consistent trading volume, protocol interactions, and community contributions. This ensures priority access and pre-deposit rights for early participants ahead of stablecoin launches, fostering sustainable ecosystem growth without reliance on speculative incentives.
Delpho discussed Prism pass and NestExchange in a live event on Jan 15, 2026.
Links
x.com/delpho_labsParticipated in a live discussion about Prism pass and NestExchange on January 15th, 2026.
Launched the Prism Pass mint for Hyperliquid users as a day one reward mechanism.
Pre-launch campaign preparations underway; platform offers zero borrow fees and yield on HYPE and LSTs with BTC support planned.
Building fully onchain yield-bearing stablecoin using basis trade strategy with Hyperliquid-native integration and zero CEX or traditional finance dependencies.