defirisk.co
rubric v1.7.0

Liquidity depth per major asset

stHYPE (Valantis Labs)'s assessment for RD-F-065 — scored yellow on the v1.7.0 rubric. The evidence below is the curator's reasoning for this score.

Evidence summary #

STEX AMM (Stake Exchange) provides secondary-market instant-unstake liquidity for stHYPE/wstHYPE at a fee. Native unstake queue is 7 days (HyperCore), making STEX AMM the primary rapid-exit mechanism. STEX AMM liquidity depth not quantifiable — Dune queries and hyperevmscan.io pool data inaccessible (403). Kinetiq (kHYPE) holds ~$846M TVL vs stHYPE ~$145M, indicating stHYPE is a minority liquidity venue in the HYPE LST space. In a broad stress scenario with HYPE price decline, STEX liquidity may be insufficient for full TVL exit within short windows. Additionally, HIP-3/USDe modules have withdrawal windows of up to 90 days at low TVL thresholds. Yellow: structural exit-liquidity dependency with unverifiable depth.

Sources #

Methodology #

Measure on-chain liquidity depth for protocol-held assets at 2% and 5% price impact in USD.

See the full factor methodology and distribution across all protocols →

rubric_version v1.7.0 protocol staked-hype factor RD-F-065 score yellow collected_at 2026-05-17 13:02:38