Liquidity depth per major asset
Frax Finance's assessment for RD-F-065 — scored yellow on the v1.7.0 rubric. The evidence below is the curator's reasoning for this score.
Evidence summary #
frxUSD on-chain DEX liquidity: ~$10.7M total across Ethereum DEXs. Sell liquidity within 0.16% slippage: ~$5.5M; buy within 0.19% slippage: ~$3.25M (LlamaRisk Jul 2025). Thin for a $298M TVL protocol — a $10M+ frxUSD exit requires custodian redemption (1 business day latency). frxETH/sfrxETH: historically Curve frxETH/ETH pool had deep liquidity; current depth not quantified here. Yellow for frxUSD: on-chain liquidity is thin relative to outstanding supply, creating off-chain redemption dependency.
Sources #
- URLLlamaRisk: frxUSD Pegkeeper Onboarding ReviewLlamaRisk frxUSD Pegkeeper review: $10.7M DEX liquidity, $5.5M sell at 0.16% slippageretrieved 2026-05-17
- Chaos Labs: frxUSD Token ReviewChaos Labs frxUSD token review: liquidity and peg stability assessmentretrieved 2026-05-17
Methodology #
Measure on-chain liquidity depth for protocol-held assets at 2% and 5% price impact in USD.
See the full factor methodology and distribution across all protocols →