Collateralization under stress
JustLend DAO's assessment for RD-F-068 — scored gray on the v1.7.0 rubric. The evidence below is the curator's reasoning for this score.
Evidence summary #
Cannot construct per-market stress scenario. Comptroller collateral factors not publicly enumerated (docs provide only formula, not values). Tronscan `markets()` reads blocked. Key risk factors identified but not quantified: (1) USDD collateral is TRX-backed (~40% of USDD reserves) with depeg history (fell to $0.96 in 2022); (2) Long-tail TRON assets held as collateral have high volatility relative to estimated collateral factors; (3) Liquidation bonus 8% (confirmed), close factor 50% (confirmed). No stress test constructable without per-market getCash()/totalSupply() data.
Sources #
- Curator noteCurator note — data gap on per-market collateral factorsTronscan reads blocked; no public per-market collateral factor enumeration available. Stress scenario cannot be completed.retrieved 2026-05-17
- CoinTelegraph — USDD depeg 2022USDD depeg history: TRON stablecoin USDD fell to $0.96 in 2022 (Alameda selloff hypothesis)retrieved 2026-05-17
- JustLend DAO Liquidations DocumentationLiquidation incentive 8%, close factor 50% — JustLend liquidation docsretrieved 2026-05-17
Methodology #
Determine whether under curator-defined stress scenario (top-3 collateral assets drop 50%), protocol net collateralization falls below 110%.
See the full factor methodology and distribution across all protocols →