> For the complete documentation index, see [llms.txt](https://delpho.gitbook.io/delpho-docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://delpho.gitbook.io/delpho-docs/changelog.md).

# Changelog

This page logs material changes to the protocol: parameter changes, audit updates, integration go-lives, and governance actions. Newest first.

## 2026-07-13

* GitBook documentation initial publication. Covers V1 launch scope.
* Documentation is a live draft pre-launch. Parameters listed on [Parameters](/delpho-docs/parameters.md) are subject to revision.

## Pre-launch parameter notes

* **Maximum mint LTV for HYPE and kHYPE moved from 75% to 65%** , based on the StableWatch quantitative report. Date: pre-launch parameter selection. See [Risk advisor reports](/delpho-docs/audits-and-security/risk-advisor-reports.md).
* **Stablecoin collateral launch parameters set at 80% maximum LTV and 90% liquidation threshold for USDC and USDT.** HYPE and kHYPE remain at 65% maximum LTV and 80% liquidation threshold.

## Format

Each entry follows:

```
## YYYY-MM-DD

- [Brief description of change].
- [Affected page or section, with link].
- [Reason or supporting documentation, with link].
```

Parameter changes additionally include the StableWatch report or internal note that supported the change.