rUSD
Vaults and health
A vault is your HYPE5 collateral and your rUSD debt. Its collateral ratio decides how safe it is.
Collateral ratio#
collateral ratio = HYPE5 deposited × HYPE5 price / rUSD debt most you can mint = HYPE5 value / 1.5 liquidation price = rUSD debt × 1.5 / HYPE5 deposited
Worked example#
Deposit 15 HYPE5 at $100 → $1,500 of collateral Mint 800 rUSD → ratio 1,500 / 800 = 187.5% Liquidation price = 800 × 1.5 / 15 = $80.00 per HYPE5
HYPE5 can fall about 20% from $100 before that vault can be liquidated.
Actions#
| Action | Needs a price | Notes |
|---|---|---|
| Deposit | No | Can only make the vault safer. |
| Mint rUSD | Yes | Must leave the ratio at or above 150%. At least 50 rUSD of debt per vault. |
| Repay | No | Anyone can repay any vault. Repay everything to clear the debt. |
| Withdraw | Yes | Must leave the ratio at or above 150%. |
Stability fee#
Debt grows at 2% a year, compounding every second. 1,000 rUSD borrowed for a year becomes about 1020 rUSD.
Keep a buffer
Borrowing close to 150% leaves little room. A ratio of 200% or more gives you time to react if HYPE5 falls.
Something unclear? Tell us.