Potential Delpho Airdrop » How to be eligible?

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Mint USDV
Airdrop unconfirmed
Chain: Hyperliquid

Ongoing

Jump to steps Updated 12 Nov 2026 · 8 steps

Delpho Airdrop Details

Delpho opens to the public and starts Points Season 1 at 19:00 UTC on November 12, 2026. Users mint USDV at 0% borrow against stablecoins, HYPE or kHYPE, then hold it or stake it into sUSDV for yield from Hyperliquid funding. Delpho has not announced a token or airdrop, so Season 1 points are a speculative route to any future reward.

Key Parameters:

Weekly Points: 100,000 in weeks 1 to 4, 50,000 in week 5, then 2% less each week
Weights: stablecoin collateral 12x, HYPE and kHYPE collateral 12x then 4x after week 4, USDV 4x, sUSDV 1x
Liquidity Pool: 20% of each week goes to in-range USDV-USDC liquidity on Nest
Launch Bonus: half of weeks 1 to 4 points held until week 8, paid in full if your capital stays
Referrals: 10% of a friend’s points for you, 5% extra for them
Season End: Not set, to be announced in advance

How to Earn Delpho Points

Step 1: Get Collateral on HyperEVM

Delpho accepts USDC, USDT, HYPE and kHYPE. Buy them on Binance and move them to HyperEVM, or swap and bridge with the widget below.

Bridge funds

Swap and bridge across 30+ chains without leaving this page.
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Step 2: Connect and Accept the Points Terms

Open the Delpho app, connect your wallet and accept the Points Terms on the points page. Positions only earn points after you accept.

Step 3: Add a Referral Code Before You Fund

If a friend invited you, enter their code before your first deposit or within 72 hours of it. This only works for a new wallet with no Delpho activity before launch. Once you have held at least $10 for 14 days, you earn 5% extra points for the whole season.

Step 4: Deposit Collateral and Mint USDV

Deposit your collateral and mint USDV at 0% borrow. Collateral scores net of debt, meaning its value minus what you borrowed against it, and the USDV you mint scores 4x on top.

Step 5: Hold USDV or Stake into sUSDV

USDV scores 4x for points. sUSDV scores 1x but earns stablecoin yield from Hyperliquid funding. Pick the mix that fits whether you care more about points or yield.

Step 6: Add USDV-USDC Liquidity on Nest

20% of each week’s points go to USDV-USDC liquidity on Nest that is in range, split by the dollar value of each position. Range width doesn’t affect your share. A position that drifts out of range earns nothing from this pool until it is back in range.

Step 7: Keep Your Capital In Through Week 8

Half of your points from weeks 1 to 4 are held until week 8 closes. You get the full bonus if your average capital in week 8 is at least your average from weeks 1 to 4. HYPE and kHYPE are measured at their launch-day price for this check, so a price drop alone won’t cost you the bonus.

Sign a message on the points page to get your code, then share the code or invite link. You earn 10% of each referred friend’s points for the whole season, and whoever invited you earns 2% of them. Referral points come on top of the weekly pool.

How Delpho Points Work

Weekly pools: Weeks 1 to 4 have 100,000 points each. Week 5 has 50,000, and each later week has 2% fewer than the one before. 80% of each week goes to positions and 20% to in-range Nest liquidity. If nobody is in range, that share goes back to the main pool.

Hourly snapshots: Once an hour, at a random time, Delpho records every wallet’s collateral, debt, USDV, sUSDV and Nest liquidity. Your score for that hour is the dollar value of each position, times its weight, times your multiplier. Each week runs seven days from 19:00 UTC on November 12, and your points page updates hourly.

Loyalty: New dollars start at 1.0x and gain 0.1x for each full week they stay, up to 1.5x after five weeks. Withdrawals take your newest dollars first, so older dollars keep their age. Moving between positions (deposit, mint, stake) keeps your loyalty, but selling USDV counts as a withdrawal. Nest liquidity has its own loyalty, and USDV moved into Nest starts there at 1.0x.

Prism Pass boost: Prism Pass holders get an extra 5% to 20% in weeks 1 to 4, depending on their tier from the January 19 snapshot, on up to $100,000 of capital. The boost adds to loyalty, so 1.3x loyalty plus a 20% boost makes 1.5x.

Example: $10,000 of USDC collateral in week 5, in a pool where all positions together score like $1,000,000 of USDC, earns 1% of the 40,000 position points: 400 points. The same deposit in week 1 earns 800 points, with half paid after week 8.

Prism Pass Holders

The Prism Pass soulbound token claim is still open on the Prism Pass page for wallets that joined the earlier Prism phase. Besides the weeks 1 to 4 points boost, the pass carries priority access, pre-deposit eligibility and community roles.

Tips for Delpho Points

Start in week 1. The first four weeks have double the points, and HYPE or kHYPE collateral scores 12x only during that window.

Don’t pull out before week 8. Withdrawing early cuts the held half of your launch bonus, and what you leave behind goes to wallets that stayed.

Check your Nest range. Out-of-range liquidity earns nothing from the liquidity pool.

Use a fresh wallet if you were invited. Only wallets with no Delpho activity before launch can use a referral code.

Frequently Asked Questions

When does Delpho Points Season 1 start?

At 19:00 UTC on November 12, 2026, when Delpho opens to the public. Season 1 has no set end date, and Delpho will announce the end in advance.

Does Delpho have a token?

Not yet. Delpho has not announced a token or airdrop, and how points will convert into rewards has not been announced.

Which positions earn the most points?

Stablecoin collateral counts 12x. HYPE and kHYPE collateral count 12x in weeks 1 to 4, then 4x. USDV counts 4x and sUSDV 1x. Collateral counts net of debt. In-range USDV-USDC liquidity on Nest shares a separate 20% of each week’s points.

What happens to early access users?

Their positions count from the first hour of the season, and loyalty starts at 1.0x for everyone on launch day. Delpho says early access wallets will also be rewarded for their time before launch. They cannot be referred as new wallets.

How does the Delpho referral program work?

Get your code on the points page and share it. Your friend must use a new wallet and add the code before funding or within 72 hours of first funding. After they hold at least $10 for 14 days, you get 10% of their points and they get 5% extra for the whole season.

What are USDV and sUSDV?

USDV is Delpho’s stablecoin, backed by collateral in the protocol and targeting a $1 peg. Minting it carries 0% borrow interest. sUSDV is the staked version that earns yield from Hyperliquid funding rates.

Is Delpho audited?

Yes. Delpho completed Sherlock audits in April and September 2026, and Stablewatch has reviewed its risk model.

Conclusion

Delpho Points Season 1 opens with the public launch at 19:00 UTC on November 12. The first four weeks pay double, stablecoin collateral and USDV score highest, and loyalty rewards capital that stays. Accept the Points Terms, deposit early, keep your position through week 8 for the full launch bonus, and share your referral code for 10% of your friends’ points.

Mint USDV

What is Delpho?

Delpho is a stablecoin protocol on Hyperliquid that calls itself Hyperliquid’s balance-sheet layer. Users deposit HYPE, kHYPE, USDC or USDT on HyperEVM and mint USDV, an overcollateralized stablecoin targeting a $1 peg, at 0% borrow cost and without selling their collateral.

Deposited collateral runs a delta-neutral position on Hyperliquid, where the short leg earns funding paid by leveraged longs. That funding goes to holders who stake USDV into sUSDV, so sUSDV’s exchange rate rises as yield accrues. Delpho has completed Sherlock audits in April and September 2026.

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