Audited byMint USDV

Trustless, yield-bearing Hyperliquid-native money.Trustless, yield-bearing Hyperliquid-native money.Trustless, yield-bearing Hyperliquid-native money.Trustless,
yield-bearing
Hyperliquid-native
money.

Borrow against bluechip assets at zero interest and earn yield on staked USDV.

Mint USDV
$535.4KBACKINGTOTAL BACKING
441.5KUSDV SUPPLYUSDV SUPPLY
24.99%7D APR7D STAKING APR
21.64%NEST APRNEST LP APR
$535.4KBACKINGTOTAL BACKING
441.5KUSDV SUPPLYUSDV SUPPLY
24.99%7D APR7D STAKING APR
21.64%NEST APRNEST LP APR

Backed by

Jsquare
Compound

What makes USDV differentWhat makes USDV different

Atomic & SecureAtomic &Secure

Mint, stake and repay settle onchain, reducing timing risk while keeping every state change verifiable.

Native YieldNativeYield

Protocol yield routes back to USDV and sUSDV holders without emissions or off-chain reward accounting.

Capital UnlockedCapitalUnlocked

Mint productive dollars while keeping collateral exposure visible and manageable in the protocol.

Composable UtilityComposableUtility

USDV is built to move through HyperEVM markets, lending venues, trading routes and liquidity systems.

Open & AuditableOpen &Auditable

Collateral, supply, debt and yield accounting stay inspectable onchain so users can verify how USDV works.

Mint, Stake and EarnMint, Stake and Earn

Step 01

Mint USDV

Post HYPE, kHYPE, USDC or USDT as collateral and mint USDV at zero interest. Your assets remain on HyperEVM, visible in your position and available to manage at any time.

MintRepayWithdraw
Deposit collateral
wHYPEwHYPE
$0.00
200.00
Mint USDV
USDVUSDV
$0.00
0.00
Auto-stake and earn
Step 02

Stake to sUSDV

Convert USDV into sUSDV to receive protocol yield routed by Delpho's onchain funding engine. The exchange rate updates as yield accrues.

StakeUnstake
Stake USDV
USDVUSDV
$0.00
5,240.00
Receive sUSDV
sUSDVsUSDV
$0.00
0.00
Step 03

Earn across DeFi

Use sUSDV across lending, LPs, trading and loops while rewards keep accruing. Redeem when you want to return to USDV.

Mint USDV at 0% APRMint USDV at 0% APR

Deposit supported HyperEVM collateral while your position remains visible and manageable.

Mint USDV
wHYPE
kHYPE
USDC
USDT
wHYPE
kHYPE
USDC
USDT
wHYPE
kHYPE
USDC
USDT

Core ContributorsCore Contributors

Mesky

Mesky

Founder / CEO

Adam

Adam

Co-Founder / CTO

kVOTHED

kVOTHED

Ops / PM

2chairs

2chairs

Community Lead

Min

Min

Brand

Frequently asked questionsFrequently asked questions

  • Delpho is Hyperliquid's balance-sheet layer. It lets you mint USDV against assets you already hold, at 0% borrow and without selling them, giving you access to dollar liquidity that can be allocated into yield-bearing strategies.

  • USDV is Delpho's stablecoin, fully backed by the collateral held inside the protocol and targeting a $1 peg.

  • sUSDV is the staked, yield-bearing version of USDV. Stake USDV to receive sUSDV and your balance accrues value as the protocol earns yield. sUSDV can be unstaked back to USDV at any time.

  • Collateral that is deposited into Delpho is used to run a delta-neutral position on Hyperliquid and the short leg earns the funding rates paid by leveraged longs. That funding is distributed to sUSDV stakers. The rate is variable and moves with market conditions.

  • No. Borrowing USDV against your collateral carries a 0% interest rate, so you are not charged to take out dollar liquidity.

  • Yes. Delpho has completed a full security audit with Sherlock and the risk model has been independently reviewed with Stablewatch.

  • You can deposit HYPE, kHYPE, USDC or USDT as collateral.

View full FAQ

Mint USDV on Hyperliquid.

Mint USDV against supported collateral, stake to earn yield and manage your position onchain.

Mint USDV

Resources

  • Documentation
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Legal

  • Terms of Use
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  • Cookie Policy
  • USDV Mint Agreement

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