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Yield flows from treasury to protocol and stablecoin deployer
  • The alliance model splits generated yield between the Hyperlquid treasury and the entity that launches the stablecoin.
  • This creates a financial incentive for builders to create and maintain stablecoins on the platform.
  • It also ensures the protocol benefits directly from the stablecoin’s activity.
  • The design mirrors traditional bank‑deposit interest but is fully on‑chain and transparent.
Jeff YanWhen Shift Happens01:12:42

Supporting quotes

“Yield can flow from the treasuries to a mixture of the protocol and the deployer of the stable coin.” — Jeff Yan
“The protocol earns yield and holders of hype are aligned with the stable coin.” — Jeff Yan

From this concept

Alliance Stablecoin Model

Hyperlquid’s alliance stablecoin (USDH) aligns protocol yield, deployer incentives, and user fee discounts, creating a symbiotic ecosystem that unlocks new use‑cases.

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