Stablecoin depeg >2% on shared-LP venue
Hyperliquid'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 #
USDC is the primary asset in Bridge2 (~$3.58B as of 2026-05-07 — ~71% of total combined protocol TVL of $5.0B; Arbitrum leg only). Protocol exposure to USDC is effectively 100% of Bridge2 TVL, far exceeding the 5% TVL threshold. USDC is trading at peg as of 2026-05-07. Threshold: |price_now - peg| / peg > 0.02 on >=2 venues, sustained >=30 min, AND protocol exposure >=5% TVL. Current state: USDC at peg, threshold not breached. Signal would fire immediately on any USDC depeg >2% given Bridge2's near-100% USDC exposure.
Sources #
- URLhttps://api.llama.fi/protocol/hyperliquidretrieved 2026-04-28
- https://api.llama.fi/protocol/hyperliquidretrieved 2026-05-06
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 →