defirisk.co
rubric v1.7.0

Algorithmic / under-collateralized stablecoin

Hyperliquid's assessment for RD-F-069 — scored not_applicable on the v1.7.0 rubric. The evidence below is the curator's reasoning for this score.

Evidence summary #

Not applicable. Hyperliquid does not issue or govern a stablecoin. USDC (Circle-issued) is the settlement asset. Factor is lending/stablecoin-only per taxonomy PD-024.

Sources #

  • Curator note
    00-profile.md §7 — no Hyperliquid-native stablecoinProfile §7 — external deps confirm USDC is the only stablecoin used; Hyperliquid does not issue oneretrieved 2026-04-28

Methodology #

Classify whether the protocol is an algorithmic or under-collateralized stablecoin design per curator classification.

See the full factor methodology and distribution across all protocols →

rubric_version v1.7.0 protocol hyperliquid factor RD-F-069 score not_applicable collected_at 2026-04-28 13:58:49