Stablecoin depeg >2% on shared-LP venue
Kamino Lend'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 #
Signal not firing. No stablecoin depeg >2% detected as of 2026-04-27. Kamino accepts USDC/USDT as collateral. SOL/JLP correlation is greater systemic risk than stablecoin depeg.
Detail #
Kamino's primary collateral includes SOL, JLP (Jupiter LP token), and stablecoins (USDC, USDT). No stablecoin depeg >2% active as of assessment date. Circle native USDC on Solana is well-established. The Feb 5–6 2026 event was SOL-price-driven (not stablecoin depeg) and was handled without bad debt.
Sources #
- URLKamino Risk Event Analysis Feb 5-6 2026Kamino risk event Feb 5-6 2026: market volatility driven by SOL/ETH/JLP price drops, not stablecoin depegretrieved 2026-04-27
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 →