What is Delpho USDV (USDV)?
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.
Where can you buy Delpho USDV?
Delpho USDV (USDV) is traded on a wide range of centralized and decentralized exchanges. The most liquid markets for USDV sit on tier-1 venues - the sort of exchanges where institutional desks and professional market makers rebalance continuously - which is what keeps the spread tight and the last price tied closely to fair value.
The price and 24-hour volume on this page combine the exchanges ReadPrices tracks for USDV. Before you trade, compare the fee schedule and the order-book depth on the venue you plan to use: the same coin can cost noticeably more to buy on a thin market.
