Historical bad-debt events

BENQI's assessment for RD-F-067 — scored green on the v1.7.0 rubric. The evidence below is the curator's reasoning for this score.

Evidence summary #

Zero documented bad-debt events in BENQI's ~57-month history (2021-08-19 to 2026-05-16). No incidents in rekt.news leaderboard (cache rekt.incidents=[]), DefiLlama hacks feed (cache defillama.hacks=[]), or hacksdatabase (grep confirmed clean by orchestrator). No governance forum post documenting socialized losses found. Protocol has operated across multiple market stress cycles (LUNA/UST collapse May 2022, FTX November 2022) without documented bad debt.

Sources #

Internal
BENQI data cache — hacks and rekt feeds00-data-cache.json sources.defillama.hacks=[] and sources.rekt.incidents=[]; hacksdatabase grep confirmed no 'benqi' entries (orchestrator confirmation); fetched 2026-05-16T10:30:57Zretrieved 2026-05-16
URL
Rekt News leaderboard — BENQI absentRekt leaderboard — BENQI not listedretrieved 2026-05-16

Methodology #

Count and sum (USD) the number of documented bad-debt events where the protocol socialized losses across depositors.

See the full factor methodology and distribution across all protocols →

rubric_version v1.7.0 protocol benqi factor RD-F-067 score green collected_at 2026-05-16 11:02:12