Loading...What is Delpho?
Delpho is an atomic stablecoin protocol built on Hyperliquid that uses perpetual funding rates to enable stable asset minting. The protocol allows users to mint dUSD while maintaining full exposure to $HYPE, their underlying collateral. This approach provides a yield-bearing stablecoin without requiring users to liquidate their positions or manage complex cross-platform strategies.
The protocol targets capital-efficient users seeking blue-chip asset yields native to Hyperliquid. Delpho’s CDP (Collateralized Debt Position) system integrates perpetual funding mechanisms to generate embedded yield for stablecoin holders.
Delpho Airdrop Details
Delpho launched Prism Pass, a pre-season qualification program that rewards Hyperliquid ecosystem participants. While no token or airdrop has been officially confirmed, Prism Pass establishes a merit-based tier system that provides priority access to Season 0, pre-deposit eligibility, and exclusive community roles.
The program tracks onchain activity from the last 90 days across Hyperliquid and HyperEVM.
Participants earn tiers (Bronze, Silver, Gold, Obsidian) based on their HL Score, which combines trading volume, protocol usage, LP participation, and quality referrals. The snapshot occurs on January 18, 2026 at 23:59 UTC, after which scores freeze and launch benefits distribute according to final tier rankings.
How to Join Delpho Prism Pass
Step 1: Visit Delpho Prism Pass Dashboard
Go to the Delpho Prism website and click “Connect Wallet”
Step 2: Connect Your Hyperliquid Wallet
Use the same wallet you actively trade with on Hyperliquid for accurate score calculation
Step 3: View Your HL Score
Your score generates automatically from your last 90 days of verifiable onchain activity
Step 4: Claim Your Tier
Receive your tier assignment: Bronze (0-999 points), Silver (1,000-2,499), Gold (2,500-4,999), or Obsidian (5,000+)
Step 5: Access Your Dashboard
Review your points breakdown, active multipliers, referral performance, and leaderboard position
Step 6: Share Your Referral Link
Copy your unique referral link to invite qualified participants and earn up to 100% multiplier boost (10% per signup)
Step 7: Increase Your Score
Trade on Hyperliquid, use HyperEVM protocols, provide liquidity, or lend to improve your Base Score before the snapshot
Maximizing Your Prism Pass Score
Diversify Activity Types: Combine trading, HyperEVM protocol usage, LP participation, and lending rather than focusing on single activities. The scoring system rewards breadth across ecosystem interactions.
Maintain Consistency: Regular activity over 90 days scores higher than occasional large transactions. Daily or weekly engagement demonstrates sustained participation.
Focus on Quality Referrals: Each qualified referral adds 10% to your multiplier (max 100%). Target active Hyperliquid users who meet minimum activity thresholds rather than mass-inviting wallets.
Monitor Dashboard Daily: Points update every 24 hours. Track which activities contribute most to your score and adjust your strategy accordingly.
Engage with HyperEVM: Protocol usage on HyperEVM carries significant weight. Interact with multiple dApps beyond basic trading to maximize points.
Frequently Asked Questions
When does the Prism Pass snapshot occur?
The snapshot takes place on January 18, 2026 at 23:59 UTC. All scores and tier assignments freeze at this moment.
What activities count toward my Base Score?
Trading volume and frequency on Hyperliquid, HyperEVM protocol interactions, LP positions, lending participation, and ecosystem tenure all contribute to your Base Score.
How do referral multipliers work?
Each qualified referral adds 10% to your score multiplier, up to 100% maximum. Referred wallets must pass activity thresholds and anti-sybil verification to count.
Can I improve my tier after claiming?
Yes. Your score updates every 24 hours based on ongoing activity until the January 18 snapshot. Continue trading and using protocols to climb tiers.
Conclusion
Delpho’s Prism Pass creates a transparent qualification system for Hyperliquid ecosystem participants ahead of its stablecoin launch. The program rewards consistent trading, protocol usage, and community building through a merit-based tier structure.
With the January 18, 2026 snapshot approaching, active participants have time to improve their scores through legitimate ecosystem engagement.
You're interested in more projects that do not have any token yet and could potentially airdrop a governance token to early users in the future? Then check out our list of potential retroactive airdrops to not miss out on the next DeFi airdrop!
Don't forget to follow us on Twitter, Telegram, & Facebook and subscribe our newsletter to receive new airdrops!Estimated Value
n/a
Tokens per Claim
n/a
Max. Participants
Unlimited
