7D price · CoinGecko market data.
| Exchange | Pair | 24h Volume | Spread | Trust | |
|---|---|---|---|---|---|
| Nest | USDV/0XB883…A630F | $1.17M | 0.60% |
| — |
| Nest | USDV/0X5555…55555 | $833.12K | 0.61% | — |
Top 2 exchanges by 24h trading volume. Block Insider earns affiliate commission from some exchanges listed here. Placement does not affect editorial.
Delpho is a CDP protocol built on HyperEVM, the smart contract layer of the Hyperliquid blockchain. Users deposit collateral to mint USDV, an overcollateralized, USD-pegged stablecoin, at 0% borrowing cost. The protocol deploys collateral into delta-neutral positions on Hyperliquid, where funding payments from perpetual futures markets accrue to the protocol.
USDV holders can stake into sUSDV, whose exchange rate against USDV rises as this yield accrues.
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