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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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