HYYY

HYYY issues USDhy on Hyperliquid for funds that need an on-chain dollar unit without tying up large overcollateral buffers. Stablecoins face a trilemma where decentralization, price stability and capital efficiency trade against each other, and collateralized designs typically demand ratios above 150%, which locks up usable capital.

USDhy holds its peg through a delta-neutral book: stablecoin collateral funds a long spot leg and an equal short perpetual leg, so price moves are absorbed across the pair and only about 10% overcollateralization supports instant mint and burn. AI agents manage the strategy vaults, reading sentiment, on-chain data and cross-market correlations before adjusting positions. An open agent framework lets third parties submit and operate vaults, with management fees split between the agent and the protocol.