Overview
What is Delpho?
Delpho is an atomic stablecoin protocol built on Hyperliquid that uses perpetual funding rates to enable stable asset minting. The protocol allows users to mint dUSD while maintaining full exposure to $HYPE, their underlying collateral. This approach provides a yield-bearing stablecoin without requiring users to liquidate their positions or manage complex cross-platform strategies.
The protocol targets capital-efficient users seeking blue-chip asset yields native to Hyperliquid. Delpho’s CDP (Collateralized Debt Position) system integrates perpetual funding mechanisms to generate embedded yield for stablecoin holders.
Participation Guide
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Step 1: Visit Delpho Prism Pass Dashboard
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Step 2: Connect Your Hyperliquid Wallet
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Step 3: View Your HL Score
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Step 4: Claim Your Tier
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Step 5: Access Your Dashboard
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Step 6: Share Your Referral Link
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Step 7: Increase Your Score