Stablecoin depeg >2% on shared-LP venue

dYdX v4 (dYdX Chain)'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 #

dYdX v4 TVS is 100% USDC (via IBC from Noble chain). USDC is at peg ($0.9997-$1.0002 range per current market data). Depeg threshold (>2%, sustained 30+ min) is not breached. A USDC depeg of >2% would directly affect 100% of TVS ($99.1M) and this signal would fire. Current posture is clean.

Sources #

URL
dYdX v4 Technical Architecture OverviewdYdX v4 architecture — USDC as settlement asset via Noble IBCretrieved 2026-05-17
URL
dYdX v4 TVL breakdown — DeFiLlamaDeFiLlama dYdX v4 — chain breakdown 100% dYdX chain USDCretrieved 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 →

rubric_version v1.7.0 protocol dydx-v4 factor RD-F-104 score green collected_at 2026-05-17 09:58:47