Insurance coverage active
Hyperliquid's assessment for RD-F-089 — scored red on the v1.7.0 rubric. The evidence below is the curator's reasoning for this score.
Evidence summary #
No active third-party insurance coverage found on Nexus Mutual, Sherlock, Unslashed, or equivalent for Hyperliquid. Protocol relies on self-insurance via the Hyper Foundation treasury and HLP vault reserves. TVL at assessment date: $4.73B. No external cover contract identified. This is the single red factor driving Cat 5 yellow rollup. Self-insurance is not equivalent to third-party coverage; treasury coverage of a $13.5M HLP loss is materially smaller than the $4.73B exposure.
Sources #
- Internalrisk-dashboard/.research/protocols/hyperliquid/00-data-cache.jsonretrieved 2026-04-28
- https://nexusmutual.io/retrieved 2026-04-28
Methodology #
Determine whether active coverage on Nexus Mutual, Unslashed, Sherlock, or equivalent is in force; record cover size in USD.
See the full factor methodology and distribution across all protocols →