New President, New Era for DeFi. Are You Locked In?

Today, as Donald Trump is welcomed back into the White House, the United States is on the verge of a new era for decentralized finance (DeFi) and digital assets. At DELV, we’re ready to do our part in helping this administration advance a new pro-crypto agenda that will accelerate economic growth and provide everyone with opportunities to pursue their financial goals. 

We’re ready to serve the American people. We’re ready to empower users in the DeFi space with solutions that are both robust and responsible. We’re ready to drive innovation domestically. 

In other words, we’re ready to level up crypto and DeFi in the USA.

Every new president enters office amid a buzz of speculation about the first steps their administration will take and the agenda that will be set. But one thing President Trump has been crystal clear about is his intent on elevating crypto as a policy priority. He has signaled that he will issue a wide range of Executive Orders, including many that will affect the DeFi industry, while also establishing comprehensive guidelines for digital assets.

Let’s take a closer look at what we can anticipate from Trump’s second term—and what we’re doing here at DELV to push DeFi forward.

What the Industry Expects from Trump’s Pro-Crypto Administration 

We predict that the Trump Administration will prioritize crypto legislation, such as Fit21 and guidelines in support of stablecoins, signalling a shift toward embracing digital assets and innovation.

Trump will quickly issue Executive Orders supportive of the crypto industry, which may:

• Address debanking; and
• Repeal SEC guidance SAB 121 that requires financial institutions holding crypto for clients to list them as liabilities.

The Presidential Council of Advisers for Digital Assets, under David Sacks (as Chair and first-ever AI and Crypto Czar) and Bo Hines (as Executive Director) is made up of CEOs and founders in the crypto space, and will help reshape U.S. policy on digital assets. It will also explore the safe adoption of blockchain technologies based on a deeper understanding of the underlying mechanics.

We’ll see traction on Bitcoin reserve legislation, which could stabilize the U.S. economy, hedge against inflation, bolster the U.S. dollar, and reassert the U.S. as a global leader in the digital economy. (We’re already seeing movement in this direction among states like Texas and Oklahoma.)

America will have a chance to refocus on its values of freedom, independence, privacy, and autonomy through thoughtful and intentional “deregulation through regulation.” This shift will provide clarity on which agencies regulate which aspects of the industry, while still accounting for the values (and inherent limitations) of DeFi and creating necessary frameworks to foster innovation.

Incoming Chairs like Paul Atkins (SEC) and leaders like Cynthia Lummis, French Hill, Ted Cruz, and others will help walk back overly aggressive regulatory stances taken over the last four years. 

We also expect that U.S. governmental agencies like the SEC, CFTC, FinCEN, CFPB, and IRS will be more collaborative with the DeFi industry, realign their focus to protect what really matters, and otherwise foster an environment that clears the way for innovation and entrepreneurship. 

Enforcement will (and should) target fraud and malicious actors, improving consumer protection and industry integrity, while allowing the real players in the space to work with regulators on positive change that will provide what both the industry and regulators want: clear rules with a rubric to operate in the country that allows industries to innovate, safely, fairly, and competitively.

What DELV Will Be Doing 

We’re ready to unleash the power of American innovation with access to cutting-edge DeFi products for U.S. users. 

With the Hyperdrive Protocol, a novel automated market maker (AMM), users can access fixed rates, access multiplied exposure to variable rates, and LP in markets built on top of popular yield sources like stETH, LRTs, sUSDE, sUSDS, Morpho markets, and many more. 

More specifically, over the past three months many new yield sources have been onboarded to the protocol, offering users more opportunities to trade, earn, and pursue their financial goals. Hyperdrive also deployed across major EVM chains - Ethereum, Gnosis Chain, Linea, and Base -bringing its unique pricing mechanism and innovative yield opportunities to a wider audience.

The Hyperdrive ecosystem expanded at a rapid pace through the end of 2024, marking many important milestones for the growth and scalability of the platform.

Points programs have also been integrated from some top yield sources and chains, letting users boost their exposure to rewards through Hyperdrive. Learn about them here.

Additionally, the HyperVue Foundation recently created a native rewards program for the Hyperdrive Protocol—Miles. With Miles, LPs can earn additional rewards on top of their regular APY. Miles are distributed weekly based on liquidity provision to certain pools. And at DELV, we’ve added new UI features to make it simple, easy, and quick for users to track their potential rewards. Learn more about them here. 

We’re excited offer access to fixed rates, LP opportunities, and (where applicable) rewards to U.S. users through the following products:

• For fixed rates and LP’ing, users can access our DELV Hyperdrive One app, where traders have access to principal-protected fixed-rate returns with terms on demand and supply liquidity to earn variable interest rates on idle capital, trading fees, and PnL from balancing market activities.
• For a transparent, reliable, and predictable way to offset their risk against variable-rate volatility, DeFi borrowers can open a position on our DELV Fixed Borrow app to get fixed rate coverage on top of their Morpho loans. 

Conclusion

This change in leadership offers opportunities to explore a new era of DeFi and digital assets. As we've seen, it is a complex environment with many unknowns. 

Fortunately, we at DELV provide solutions that can tackle your biggest crypto challenges, and give you options to pursue your financial strategies. 

We’re thrilled for this new era of crypto and DeFi and we’re ready to play our part to bring great DeFi products back to the USA. We’re Locked In. Are You?

Disclaimer

This blog post is general in nature and for informational purposes only. It is not legal, tax, investment, financial or other advice, nor is it a comprehensive or complete statement of the matters discussed. It is not a recommendation of an investment strategy and should not be used as the basis of any investment decision.

All transactions and investments involve risk, and past performance does not guarantee future results. Certain complex strategies carry additional risk and are not appropriate for all users. As with any DeFi or crypto position, you may incur losses. You alone are responsible for evaluating the benefits and risks associated with any decision to use DELV products - such as DELV Hyperdrive One or DELV Fixed Borrow - and the risks or concerns with any underlying yield source.

Certain (or all) features of DELV products are not currently available in particular jurisdictions, such as the USA and/or the UK (as applicable to the relevant jurisdiction, the “ US/UK Geoblocked Features”). If you are a US or UK citizen/LPR or currently located there, you may access a read-only version (if available) of the US/UK Geoblocked Features solely to see examples of frontend features built on top of the Hyperdrive protocol. DELV does not promote or advertise use of US/UK Geoblocked Features in the USA or the UK.