defirisk.co
rubric v1.7.0

Dependency graph (protocols depended upon)

Kinetiq's assessment for RD-F-050 — scored yellow on the v1.7.0 rubric. The evidence below is the curator's reasoning for this score.

Evidence summary #

Existential non-redundant dependency on Hyperliquid L1 (HyperCore). StakingManager stakes HYPE to HyperCore validators via L1Write precompile (0x3333333333333333333333333333333333333333). If HyperCore halts, staking/unstaking and reward settlement all break with no fallback. No Aave/Uniswap/Curve dependency. LST-class yellow: standard for single-chain LSTs but elevated by Hyperliquid's ~2yr age, Foundation-controlled governance, and no slashing currently (future risk per FAQ). Also depends on Operator contract liveness (see F062).

Sources #

  • Docs
    Kinetiq FAQKinetiq FAQ: 'Hyperliquid currently has no slashing, though it is entirely possible that it is enforced in the future' — platform L1 dependency acknowledgedretrieved 2026-05-17
  • GitHub
    StakingManager.sol — Code4rena audit repoStakingManager.sol: L1Write public constant l1Write = L1Write(0x3333333333333333333333333333333333333333); sendCDeposit, sendTokenDelegate, sendCWithdrawal, sendSpot callsretrieved 2026-05-17

Methodology #

List all external protocols whose failure would directly impair this protocol (LST providers, bridges, stablecoin issuers, keepers).

See the full factor methodology and distribution across all protocols →

rubric_version v1.7.0 protocol kinetiq factor RD-F-050 score yellow collected_at 2026-05-17 15:29:57