Stablecoin depeg >2% on shared-LP venue
BENQI's assessment for RD-F-104 — scored green on the v1.7.0 rubric. The evidence below is the curator's reasoning for this score.
Evidence summary #
Stablecoin depeg signal is applicable and a v1-launch signal (tier-B, 48h sustained). BENQI has material stablecoin exposure: qiUSDC (supplied ~$44.5M, ~16% TVL) and qiUSDT (active market) both exceed the 5% TVL threshold trigger. Current posture: USDC and USDT at peg as of 2026-05-16; no sustained >2% deviation on any venue. Signal would fire on a sustained USDC or USDT depeg (per §4.2: |price - $1.00| / $1.00 > 0.02 on ≥2 venues, sustained ≥30 min, AND protocol exposure ≥5% TVL). Suppression rules would apply if ≥3 major stables simultaneously depegged (sector-wide cluster). Current posture: clean.
Sources #
- URLBENQI core market contracts — qiUSDC 0xBEb5d47A3f720Ec0a390d04b4d41ED7d9688bC7F; qiUSDT 0xc9e5999b8e75C3fEB117F6f73E664b9f3C8ca65Chttps://docs.benqi.fi/resources/contracts/core-marketsretrieved 2026-05-16
- BENQI Lending — DefiLlama (qiUSDC, qiUSDT markets active; stablecoin exposure)https://defillama.com/protocol/benqi-lendingretrieved 2026-05-16
Methodology #
Detect whether a stablecoin in this protocol's dependency graph depegs >2% on a venue with shared liquidity.
See the full factor methodology and distribution across all protocols →