TVL stability (CoV over 90d)
crvUSD (Curve Stablecoin)'s assessment for RD-F-084 — scored yellow on the v1.7.0 rubric. The evidence below is the curator's reasoning for this score.
Evidence summary #
TVL 90-day coefficient of variation = 0.569 per data cache — materially high. Peak TVL ~$347.6M (2024-03-07, ts 1709942400). Current TVL $117.1M (2026-05-16). 30d change +198.8% from a ~$33-40M trough in Feb-Mar 2026. The protocol has seen TVL drops exceeding 75% peak-to-current. Most severe single-period drops in data cache: mid-2024 (~$165-200M to ~$97M Aug 2024) and Feb-Mar 2026 (~$33-40M). Volatility is macroeconomic (ETH/BTC price movements, borrowing demand cycles) not exploit-driven. High CoV warrants yellow; not red because no exploit-driven TVL exit event.
Sources #
- URL
- crvUSD data cache — DefiLlama TVL series00-data-cache.json defillama.tvl_daily series; tvl_90d_cov=0.569; tvl_30d_change_pct=198.79; tvl_usd=117111511retrieved 2026-05-16
Methodology #
Compute the coefficient of variation (σ/μ) of daily TVL over the trailing 90 days as a proxy for operational stability.
See the full factor methodology and distribution across all protocols →