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Delpho on X: "The Atomic Stablecoin: Delpho’s Vision for Hyperliquid‑Native Money" / X

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To view keyboard shortcuts, press question mark View keyboard shortcuts Mesky | Delpho @mesky_ Mesky | Delpho @mesky_ founder @delpho_labs Joined January 2020 · 15.2K Followers Followed by Tony, ether.fi, and 47 others you follow hey Maanav! i'm mesky, the founder of @delpho_labs . we're working on a new stablecoin on Hyperliquid that mints against HYPE and kHYPE at a 0% borrow APR, hedges automatically on core orderbooks and streams funding yield back to stakers. no custodians involved, fully onchain and trustless, while letting users retain full upside to their collateral. mind I share the launch write-up with you? feedback would be hugely valuable. if it's not a fit right now, all good. appreciate you reading! Mon 9:30 AM You accepted the request hey! that's awesome. super down to read it Yesterday, 8:36 PM Quote Delpho @delpho_labs · Jun 12 Article The Atomic Stablecoin: Delpho’s Vision for Hyperliquid‑Native Money Stablecoins were supposed to finish the job of money on the

Stablecoins were supposed to finish the job of money on the internet. Hold value, move anywhere, and stay productive. We only got two out of three. Stablecoins settle 24/7, but they still sleep in wallets while someone else earns the yield. USDC sits idle, USDT funnels billions to its issuer, and Hyperliquid’s funding engine hums just out of reach, paying traders for the very volatility the rest of us insure. The market still forces a false choice: safety or yield, custody or composability. Moving Beyond Limitations Until now, every stablecoin design slammed into the same wall: you can…

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