Algorithmic / under-collateralized stablecoin
stHYPE (Valantis Labs)'s assessment for RD-F-069 — scored green on the v1.7.0 rubric. The evidence below is the curator's reasoning for this score.
Evidence summary #
stHYPE is not an algorithmic or under-collateralized stablecoin. 1 stHYPE pegs to ~1 HYPE at mint; rebase accrues staking rewards upward. wstHYPE exchange rate to HYPE increases monotonically as rewards accrue. Mechanism is fully collateralized (1:1 backing with staked HYPE plus rewards). No stablecoin de-peg history identified. No de-peg events between stHYPE and HYPE found in profile §10 or web search. No under-collateralization design.
Sources #
- URLstHYPE Overview — Valantis DocsValantis docs stHYPE overview — 1 stHYPE pegs to 1 HYPE at mint, rebase accrues rewardsretrieved 2026-05-17
- stHYPE protocol profile §10.research/protocols/staked-hype/00-profile.md §10 known incidents: no incidents for stHYPE contracts as of 2026-05-17retrieved 2026-05-17
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 →