Liquidity depth per major asset
Aave v3'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 #
WETH/USDC/USDT are deeply liquid in normal conditions given $14B TVL. However, the rsETH/Kelp event demonstrated that LRT collateral (rsETH) lacked sufficient liquidation depth when 89,567 rsETH needed to be unwound simultaneously at a depeg — resulting in $123–230M bad debt that could not be liquidated. Asset-by-asset depth at 2%/5% price impact not quantified in this run.
Sources #
- GovernancersETH Incident Report (April 20, 2026)Aave rsETH Incident Report April 20, 2026 — 89,567 rsETH deposited as collateral; bad debt from liquidation shortfallretrieved 2026-04-27
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 aave-v3 factor RD-F-065 score yellow collected_at 2026-04-27 23:28:46