Stablecoin depeg >2% on shared-LP venue

Kinetiq's assessment for RD-F-104 — scored not_applicable on the v1.7.0 rubric. The evidence below is the curator's reasoning for this score.

Evidence summary #

Kinetiq protocol does not hold stablecoin reserves or accept stablecoins as collateral. Protocol TVL is 100% Hyperliquid L1 HYPE staking. No stablecoin dependency meets the >5% TVL exposure threshold defined in T-09 §4.2 suppression rule. kHYPE being held as collateral in third-party protocols (e.g. Purrlend) represents downstream integration risk, not Kinetiq's own stablecoin dependency. Signal trigger condition does not apply. Source: data cache borrow.present=false; chains[0].name=Hyperliquid L1 TVL 100%.

Sources #

Internal
Kinetiq data cache — chain and borrow fieldsData cache 00-data-cache.json chains[0].name=Hyperliquid L1, pct=100.0; borrow.present=false — no stablecoin dependencyretrieved 2026-05-17

Methodology #

Detect whether a stablecoin in this protocol's dependency graph depegs >2% on a venue with shared liquidity.

See the full factor methodology and distribution across all protocols →

rubric_version v1.7.0 protocol kinetiq factor RD-F-104 score not_applicable collected_at 2026-05-17 15:29:57