Signer rotation recency

Hyperliquid's assessment for RD-F-031 — scored yellow on the v1.7.0 rubric. The evidence below is the curator's reasoning for this score.

Evidence summary #

Validator set expanded from 4 (Hyperliquid Labs) to 16 (early 2025) to 21+ (April 2025). Post-JELLY, on-chain delisting validation implemented. Positive direction (progressive decentralization) but Foundation still holds supermajority stake. Rotation from all-Labs to partial-external over ~18 months for $4.73B system.

Sources #

URL
Hyperliquid implements on-chain validation after JELLY incidentJELLY on-chain validation implementationretrieved 2026-04-28
URL
Hyperliquid updates validator to 21 permissionless nodesApril 2025 validator expansionretrieved 2026-04-28

Methodology #

Measure the number of months since the most recent signer-set change (add/remove signer) on the admin multisig; flag if threshold was reduced within 14 days of a timelock removal or new-signer addition.

See the full factor methodology and distribution across all protocols →

rubric_version v1.7.0 protocol hyperliquid factor RD-F-031 score yellow collected_at 2026-04-28 13:58:49