Some thoughts on Delpho as we gear up for our pre-launch campaign... Delpho is derived from the principle of 'how can we give users the best possible yield on blue-chip assets?' By combining the carry trade fully onchain and packaging everything into a custom-built CDP and stablecoin, we achieve capital efficiency and a user experience that's unrivaled. None of this is possible without Hyperliquid. What this means for the end user is: > zero borrow fees (literally, free) > best-in-class yield on HYPE and relevant LSTs + BTC soon > composability, where YOU decide how to best use your yield-bearing stablecoin. More yield? Use it in DeFi. If not, no worries. Yield's already good. At the end of the day we're not just building a better stablecoin, but rather a yield-engine built on the best onchain markets that exists today.