Delpho
@delpho_labs
Redefining productive onchain money. The first atomic stablecoin powered by perpetual funding. Built on @HyperliquidX.
Delpho was featured in Messari’s State of Stablecoins report under the onchain collateral custody category. We’re proud to be shaping a fully onchain future for stablecoins, where users stay in control and radical transparency is the norm. The chain is the custodian.
State of Stablecoins 2025 🧵
Why pick between liquidity and yield? Delpho lets you keep both while retaining full exposure to your collateral, unlike any other model before it.

In addition to answering all of the questions you've sent us, we have some exciting updates to share... Tune in on Monday! ▽
Who wants to mint some atomic, Hyperliquid-native stablecoins against their kHYPE? Heavily kHYPE coded.
Kinetiq is now live on Hyperliquid mainnet. Heavily kHYPE coded. Liquid stake your HYPE for kHYPE now –– visit kinetiq.xyz to get started.
Join us for an AMA livestream on July 21st at 11:30AM UTC – right here on X. Drop your questions down in the comments, in our Discord server or ask them live. See you there!

The Delpho stablecoin is pegged to 1$. All of the funding yield from running delta-neutral strategies go to buy the stablecoin on the open market, putting structural upwards pressure on the peg. Learn more about the flywheel below. ↓

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Over 200 projects are now listed on our ecosystem directory and map. hypurr.co/ecosystem-map More will come. Hyperliquid.
Delpho solves the stablecoin trilemma. 1️⃣ Fully onchain 2️⃣ Trustless 3️⃣ Yield-bearing Learn more in under one minute. ↓
Stake the Delpho stablecoin → earn funding yields from delta-neutral $HYPE positions. Your staking receipt? Fully composable across HyperEVM. Yield + liquidity + capital efficiency. Fully onchain. No compromises.
