Oracle role per asset

Hyperliquid's assessment for RD-F-049 — scored red on the v1.7.0 rubric. The evidence below is the curator's reasoning for this score.

Evidence summary #

CEX-weighted-median price is the sole mark price source: primary role for liquidations, margining, and funding rate. No secondary or fallback oracle role defined. JELLY March 2025 proved mark prices can be manipulated via thin underlying CEX market (400%+ pump in 1 hour, $12M HLP unrealized loss). No minimum liquidity floor enforced for new perp listings. Oracle design flaw demonstrated live.

Sources #

Docs
HyperCore Oracle — Hyperliquid DocsHyperliquid Oracle documentationretrieved 2026-04-28
URL
JELLYJELLY Incident — Hyperliquid WikiJELLY incident post-mortemretrieved 2026-04-28
Audit
Explained: The Hyperliquid Hack March 2025 — HalbornHalborn JELLY analysisretrieved 2026-04-28

Methodology #

For each oracle, classify its role as Primary / Secondary / Fallback per asset/market.

See the full factor methodology and distribution across all protocols →

rubric_version v1.7.0 protocol hyperliquid factor RD-F-049 score red collected_at 2026-04-28 13:58:49