Historical bad-debt events
Cap (cUSD / stcUSD)'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 #
No documented bad debt events or cUSD peg deviations as of 2026-05-17. Protocol launched August 2025 (~9 months live). The Sherlock audit (2025-07) identified a theoretical vault withdrawal front-running risk (Issue #417 — Symbiotic epoch-boundary timing) as a theoretical bad-debt vector, but no actual loss materialized. Rekt.news cache entries (Radiant, Rari, Midas) are false positives — confirmed unrelated to Cap Labs.
Sources #
- URLSherlock judging #417 — Vault withdrawal timing / theoretical bad debthttps://github.com/sherlock-audit/2025-07-cap-judging/issues/417retrieved 2026-05-17
- Protocol profile — §10 Known incidents (empty).research/protocols/cap/00-profile.md §10retrieved 2026-05-17
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 →