Stablecoin depeg >2% on shared-LP venue
Cap (cUSD / stcUSD)'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 #
T-09 v1 launch signal. Primary exposure: USDC (fractional reserve vault 0x3Ed6aa32c930253fc990dE58fF882B9186cd0072) and USDT (Chainlink feeds present: USDT/USD 0x3E7d1eAB13ad0104d2750B8863b489D65364e32D and 0xe108E75d6bA28F14EA51F24F886c0B6BBeca575a and 0x7bB7bF4ca536DbC49545704BFAcaa13633D18718, heartbeat 86400s, 0.25% deviation). No active stablecoin depeg detected as of 2026-05-17. USDC and USDT have been stable at $1.00 ± 0.1% for extended periods. Signal threshold: |price - peg|/peg > 2% on >=2 venues sustained >=30 min AND protocol exposure >=5% TVL. Current posture: below threshold.
Sources #
- InternalCap protocol profile — USDC fractional reserve vault.research/protocols/cap/00-profile.md §7 (external dependencies — USDC fractional reserve vault)retrieved 2026-05-17
- Cap data cache — USDC/USDT Chainlink oracle feeds.research/protocols/cap/00-data-cache.json sources.oracle_feeds (USDT/USD and USDC/USD entries)retrieved 2026-05-17
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 →