Collateralization under stress
Wormhole's assessment for RD-F-068 — scored not_applicable on the v1.7.0 rubric. The evidence below is the curator's reasoning for this score.
Evidence summary #
NOT APPLICABLE — Wormhole's Portal bridge is 1:1 collateralized by design (lock-and-mint). Wrapped tokens are 100% backed by locked originals unless a signature exploit occurs (as in Feb 2022). The Feb 2022 hack created a momentary 0% backing for 120,000 wETH; this was resolved by Jump Trading. No ongoing under-collateralization.
Sources #
- Curator noteExtracted from 04-economic.md — RD-F-068 finding; no URL cited in originalretrieved 2026-04-28
Methodology #
Determine whether under curator-defined stress scenario (top-3 collateral assets drop 50%), protocol net collateralization falls below 110%.
See the full factor methodology and distribution across all protocols →
rubric_version v1.7.0 protocol wormhole factor RD-F-068 score not_applicable collected_at 2026-04-28 01:38:43