HIP-3 Independent risk ratings for builder-deployed perps

Know the risk.
Before you
route the order.

HIP3Radar scores every builder-deployed perp DEX on Hyperliquid across oracle integrity, stake health, liquidity resilience, and governance. Read the scoreboard. Embed the badge. Build on the API.

Deployers rated
live · auto-refresh 60s
Markets scored
live · auto-refresh 60s
Avg rating
across all dexes
On watchlist
markets ≥ warning
SWEEP ● 05 LAT 12.4ms ORACLE OK SIG/NOISE 8.6
01 / Scoreboard

Risk, graded. Every deployer, every market.

Independent, continuously-updated ratings across five risk dimensions. Sortable, filterable, and drilled-down per deployer. Updated every block.

All Crypto Equities FX Commods Pre-IPO Indexes Live · 60s
# Deployer Trust score Oracle Stake health Liquidity Governance Uptime 24h Δ trust Flags
Showing of deployers · markets scored Methodology v2.4 · read the rubric ↗

trade[XYZ] · detail

AA
94/100
Upgraded from A · 6 days ago
14 markets · $847M 24h vol · $612M OI
Stake: 500,000 HYPE (100%) · 0 slashing events
Oracle: Chainlink + Pyth (aggregated) · median dev 0.003%
Halt proximity: safe · 43% of validator threshold

Risk dimensions

Oracle integrity
96
Stake health
100
Liquidity depth
92
Governance
88
Uptime 30d
99.97

Recent events

6d agoRating upgraded A → AAUPGRADE
11d agoS&P 500 ticker licensedNEWS
14d agoAdded Pyth as secondary oracleORACLE
22d agoOracle deviation spike 0.11% on XYZ-TSLADEV
28d agoDeployer stake topped up +50K HYPESTAKE
02 / Badge

The HIP3Radar badge. Earn it. Embed it.

The fastest signal of trust in a permissionless market. Deployers pull their current rating into their frontend with one script tag — live, tamper-resistant, linked back to the public scoreboard.

Rated by
HIP3Radar
Risk grade
AA · 94
variants
H3R
AA
Rated by
HIP3Radar
Risk grade
B+ · 71
Rated by
HIP3Radar
Risk grade
D · 38
// drop-in trust signal

One script tag. Live, always.

The badge renders the deployer's current grade, re-fetched every minute from the Radar scoring oracle. Signed, cached at the edge, falls back to a static snapshot if the network is slow. Clicks deep-link to the deployer's public scorecard.

embed / frontend.htmlCopy
<script src="https://badge.hip3radar.xyz/v1.js"></script>

<hip3radar-badge
  deployer="trade-xyz"
  variant="full"
  theme="dark" />
01 / Trust
Signal due-diligence to skeptical traders in 200ms.
02 / Live
Updates continuously. No stale screenshots.
03 / Free
Free forever for deployers on the scoreboard.
03 / Methodology

The rubric. Public, versioned, defensible.

Five dimensions. Twenty-one inputs. Composited into a single 0–100 score that maps to a letter grade. Every parameter is published, every change is logged, every rating is reproducible from on-chain data.

01
25%

Oracle integrity

Source diversity, median deviation from reference, halt proximity, update latency. Penalizes single-oracle dependencies and sustained deviation above 50bps.

sources·median dev·p99 dev·halt dist·latency
02
25%

Stake health

Absolute HYPE staked, ratio to notional open interest, slashing history, top-up cadence. Deployers running hot on leverage ratios get marked down fast.

stake·stake/OI·slashes·topups
03
20%

Liquidity depth

Top-of-book depth, 1% book depth, sustained 24h spreads, maker uptime. Measures whether a trader can actually exit at the quoted price.

TOB·1% depth·spread p50·maker up
04
15%

Governance

Multisig quorum, timelock length, parameter-change history, upgrade transparency. Rewards deployers with visible, slow-moving change processes.

quorum·timelock·changes·disclosure
05
15%

Uptime & ops

30-day market uptime, incident response time, published post-mortems, on-call SLA. The boring dimension that separates pros from weekend projects.

uptime·MTTR·PMs·SLA
Composite score → letter grade
D0–39
C40–59
B60–74
A75–89
AA90–100
v2.4 · updated 2026-03-12 · changelog ↗ reproduce any score from the public API · docs ↗
04 / Incidents

The methodology, tested in the wild.

Every documented HL manipulation event, replayed minute-by-minute with the score curve overlaid. Proof the rubric catches what the rubric is designed to catch.

// replay JELLY · 2025-03-26 ~$12M HLP loss
WARN 40 CRIT 60 87.4 13:00 UTC 14:25 17:30
13:25 UTCcross 40Warning threshold breached. OI velocity +284% in 1h.
14:40 UTCcross 60Critical threshold breached. Mark-oracle spread 8.9%.
15:25 UTCpeak 87.4Mark-oracle 12.3% · oracle drift 38.7% · OI/vol 47x.
17:30 UTCdelistedValidator vote — market closed at original entry price.
// public archive

JELLY. Replayed. The proof.

On March 26, 2025, an attacker pushed ~$12M of unrealized losses onto Hyperliquid's HLP vault via a coordinated oracle manipulation. Every signal that preceded it was public data. Nobody was watching.

The score curve crossed warning at T-3h and critical at T-2h before the validator emergency-delist. Same rubric. Same data. Just nobody aggregating it.

Peak score
87.4 / 100
HLP loss
~$12M
Mark-oracle peak
+12.3%
Early warning
4h 5min

Future incidents are auto-captured from live HIP3Radar telemetry. Each gets a permanent replay page indexed for journalists, researchers, and posterity.

→ Open the JELLY replay
05 / Data

The data behind the score. Fully public.

Every input to the rubric is queryable and historied. Aggregate volume, oracle deviation, stake movements, halt events — normalized across 19 deployers.

HIP-3 aggregate volume — share of Hyperliquid

24h30d90dALL
$5B $3.75B $2.5B $1.25B
Aggregate 24h volume % of Hyperliquid total

Top markets, last 24h

// by volume · across all deployers

06 / Alerts

The score, pushed to your phone.

Watching the scoreboard 24/7 isn't realistic. The bot is. Subscribe once on Telegram, set your threshold, get DM'd the second any HL or HIP-3 market crosses it. Free during public beta.

// hip3radar_alerts_bot

One bot. Every market.

The same scoring engine that powers the public scoreboard, wired into a Telegram bot. Multi-user, custom thresholds, dex-level filtering, 6-hour cooldown per market so you're never spammed.

  • 01 / setupFive seconds. Slash command or inline button. No signup, no email, no payment.
  • 02 / filterBy dex (alert only on Ventuals, only on native HL, etc.) or all markets at once.
  • 03 / thresholdCustom. 40 for early warning, 60 for critical, anything 1–100.
  • 04 / dedup6h cooldown per market. Markets that wobble around your threshold don't flood your inbox.
  • 05 / stackMultiple subscriptions per user. Run a tight one for warning + a wide one for critical.
Subscribe on Telegram

Paid tiers later get higher rate limits + Discord/Slack/webhook delivery.

// telegram://hip3radar_alerts_bot connected
$ /start
HIP3RADAR // alert daemon
status: online · markets: 325 · dexes: 9

$ /subscribe 60
subscription #1 active
threshold: 60 / 100
dex filter: all
cooldown: 6h per market

[2026-04-17 14:47 UTC] ALERT
vntl:ANTHROPIC crossed your threshold
risk score: 87.4 / 100 (thr: 60)
mark-oracle: +14.70%
oracle drift: +12.34%
open interest: $4,469,445
oi / 24h volume: 12.7x
→ open the live radar

$ /list
your active subscriptions:
#1 · threshold 60+ · all dexes
07 / API

The trust API. Build on the score.

Ratings, dimensions, history, and event streams — as a typed, rate-limited, colocated HTTP + WebSocket API. Free for the first 1M requests/month.

GET
/v1/deployers
List every rated deployer with current grade.
GET
/v1/deployers/:id
Full scorecard — dimensions, history, events.
WS
/v1/stream/events
Live rating changes, oracle deviations, halts.
GET
/v1/badge/:id.svg
Server-rendered badge — Markdown-embeddable.
// stream ratings

One API. Every signal.

Subscribe to trust-score changes across every deployer. Fire an alert when a market's oracle deviation breaks threshold. Gate your frontend's "Trade" button on a live trust score. The trust layer, programmable.

Get an API key → Read the SDK docs OpenAPI spec
sdk / watch-ratings.tsTypeScript
import { HIP3Radar } from "@hip3radar/sdk";

const r = new HIP3Radar({ key: process.env.H3R_KEY });

// watch every deployer's grade in real time
r.ratings.stream({
  deployers: "*",
  dimensions: ["oracle", "stake", "liquidity"],
}).on("change", (e) => {
  if (e.grade < "B") disableTrading(e.deployer);
  notify(`${e.deployer}${e.grade}`);
});

// or just fetch the current scorecard
const card = await r.deployers.get("trade-xyz");
console.log(card.grade, card.dimensions.oracle);
// → "AA" 96
08 / Pricing

Free for everyone. Paid for the people who depend on it.

The public scoreboard, the JELLY archive, the JSON API, and the Telegram alert bot stay free forever. Paid tiers add webhook delivery, multi-user seats, custom signals, and dedicated infrastructure for desks and HIP-3 deployers who need an SLA.

// tier 00
Free
$0/forever
For traders, researchers, and bot builders. Everything public-facing.
  • Live scoreboard, all 325+ markets
  • JELLY incident replay + archive
  • Free JSON API (CORS, no key)
  • Telegram alert bot, custom thresholds
  • 6h dedup per market
Open scoreboard →
// tier 01
Pro
$49/month
For bot operators running real capital. Same data, more delivery channels and faster routing.
  • Unlimited webhook alerts
  • Telegram + Discord + Slack delivery
  • Per-market custom thresholds
  • Priority latency on alerts
  • Full historical API access (90d)
  • Email support
Join the waitlist →
// tier 02
Team
$499/month
For prop desks and trading teams. Multi-seat with an uptime guarantee and custom signals.
  • Everything in Pro
  • Multi-user (up to 10 seats)
  • 99.9% uptime SLA
  • Custom signals & alert logic
  • Private / permissioned markets
  • Full historical API (unlimited)
  • Priority email support
Join the waitlist →

See the whole risk surface.
Before you route the order.

Open scoreboard. Embeddable badge. Public API. The trust layer for HIP-3.

Tweaks
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