Protocol Information
Hyperstable is a crypto-backed, over-collateralized and decentralized stablecoin that's designed to trade at one US Dollar. Built on HyperEVM.
Audits:
Methodology
TVL: Counts the total assets posted as collateral for TVL. For borrowed, calculates USH total supply × USH price from the protocol's price oracle (Pyth). Pool2 includes Curve LP positions staked in the protocol's staking contracts.View code on GitHubCompetitors
Hyperstable CDP history
TVL is the default DefiLlama definition, which excludes Pool2. Daily values are UTC snapshots from May 16, 2025 to Oct 27, 2026.
All-time high TVL: $8.99m on Jun 14, 2025. All-time low TVL: $87,545 on Feb 28, 2026.
Daily TVL, Sep 28, 2026 to Oct 27, 2026
| Date | TVL |
|---|---|
| Sep 28, 2026 | $168,790 |
| Sep 29, 2026 | $160,072 |
| Sep 30, 2026 | $160,221 |
| Oct 1, 2026 | $166,578 |
| Oct 2, 2026 | $163,216 |
| Oct 3, 2026 | $163,785 |
| Oct 4, 2026 | $164,776 |
| Oct 5, 2026 | $166,693 |
| Oct 6, 2026 | $172,865 |
| Oct 7, 2026 | $169,092 |
| Oct 8, 2026 | $162,471 |
| Oct 9, 2026 | $157,375 |
| Oct 10, 2026 | $156,717 |
| Oct 11, 2026 | $159,350 |
| Oct 12, 2026 | $162,378 |
| Oct 13, 2026 | $152,895 |
| Oct 14, 2026 | $155,051 |
| Oct 15, 2026 | $152,070 |
| Oct 16, 2026 | $155,844 |
| Oct 17, 2026 | $151,646 |
| Oct 18, 2026 | $149,548 |
| Oct 19, 2026 | $150,780 |
| Oct 20, 2026 | $150,192 |
| Oct 21, 2026 | $152,912 |
| Oct 22, 2026 | $151,183 |
| Oct 23, 2026 | $147,660 |
| Oct 24, 2026 | $146,106 |
| Oct 25, 2026 | $145,513 |
| Oct 26, 2026 | $144,635 |
| Oct 27, 2026 | $147,336 |
TVL at each month end, May 2025 to Oct 2026
| Date | TVL |
|---|---|
| May 31, 2025 | $6.97m |
| Jun 30, 2025 | $5.65m |
| Jul 31, 2025 | $3.57m |
| Aug 31, 2025 | $3.51m |
| Sep 30, 2025 | $2.65m |
| Oct 31, 2025 | $1.61m |
| Nov 30, 2025 | $470,514 |
| Dec 31, 2025 | $625,738 |
| Jan 31, 2026 | $269,029 |
| Feb 28, 2026 | $87,545 |
| Mar 31, 2026 | $110,991 |
| Apr 30, 2026 | $112,206 |
| May 31, 2026 | $162,760 |
| Jun 30, 2026 | $146,837 |
| Jul 31, 2026 | $125,300 |
| Aug 31, 2026 | $151,105 |
| Sep 30, 2026 | $160,221 |
| Oct 27, 2026 (latest) | $147,336 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/hyperstable-cdp
Frequently asked questions
What is Hyperstable CDP's TVL?
As of Oct 27, 2026, Hyperstable CDP has $151,803 in total value locked. TVL has decreased 11.4% over the past 30 days.
What chains does Hyperstable CDP operate on?
Hyperstable CDP operates on Hyperliquid L1. Hyperliquid L1 holds the largest share at 100%.
How does Hyperstable CDP's TVL compare to similar protocols?
Among CDP protocols tracked by DefiLlama, Hyperstable CDP ranks #79 by TVL. The category holds $7.38b across 200 protocols, and Hyperstable CDP accounts for <0.1% of that total. Similar protocols include Reservoir Protocol, Felix CDP, Parallel Protocol V3, Delpho, HypeZion Finance, Keiko Finance, Sky Lending, USDD, Liquity V1, and crvUSD.