Max-deviation threshold (bps)
Ethena's assessment for RD-F-058 — scored yellow on the v1.7.0 rubric. The evidence below is the curator's reasoning for this score.
Evidence summary #
Minting oracle 5% check: 500 bps (5%) deviation from Pyth/Redstone reference triggers order rejection. On-chain StablesDeltaLimit: configurable by Dev Multisig; docs state default is 0 (no stables-delta circuit applied). Exact current deployed value not confirmed in available sources — gap for curator. The 5% off-chain threshold is wider than typical lending protocol oracle deviation tolerances, but appropriate given the basis-trade architecture where USDe is not liquidation-sensitive to collateral price within normal ranges.
Sources #
- Docshttps://docs.ethena.fi/solution-design/key-trust-assumptionsretrieved 2026-04-28
- https://docs.ethena.fi/solution-design/minting-usde/mint-and-redeem-contract-v2retrieved 2026-04-28
Methodology #
If a circuit breaker exists, read the configured deviation threshold in basis points.
See the full factor methodology and distribution across all protocols →