DELV, formerly Element Finance, built open-source fixed-rate and governance infrastructure for DeFi before winding down in June 2025 after a Hyperdrive vulnerability.
Products & media
A historical DeFi protocol that split yield-bearing assets into principal and yield tokens to create liquid fixed-rate markets.
A fixed- and variable-yield automated market maker with terms on demand, continuous liquidity, and single-sided liquidity.
A historical interface that let Morpho borrowers use Hyperdrive positions to fix borrowing rates and predict costs.
A historical library of flexible smart contracts for building and operating decentralized governance systems.
A historical community NFT project associated with Element DAO and included in DELV’s announced product suite.
A Python framework for Hyperdrive trading, simulations, analysis, and automated agents.
Team
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1 person
Company history
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