No. hSOL is holding its peg. Pegana's current read is +1.68% from intrinsic value, inside its calibrated drift band. Helius Staked SOL (hSOL) last traded at $109.22 against an intrinsic value of $107.45, as of .
hSOL is a Solana liquid staking token. It has no fixed $1 peg. Its intrinsic value is the underlying stake pool's SOL-per-share rate, so Pegana measures it against that NAV rather than against a dollar. Pegana computes hSOL’s intrinsic value from its peg mechanism and compares it against the best executable market quote. The spread is smoothed, classified against hSOL’s own calibrated thresholds with hysteresis, and every state change emits a public receipt that anyone can re-derive byte-for-byte with the open-source methodology crate.