Liquidity depth per major asset

Lido'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 #

Curve stETH/ETH pool: ~480K ETH (~$960M–$1.2B) in secondary market depth. stETH/ETH peg approximately 1:1 ± 0.2% as of April 2026. On-chain withdrawal queue provides 1:1 backstop at 1–5 day normal finality. YELLOW because (1) secondary market cannot absorb liquidation of stETH collateral at $10B+ scale; (2) Dual Governance rage-quit can extend withdrawal finality to 12+ months in extreme governance deadlock scenarios.

Sources #

URL
https://help.lido.fi/en/articles/7858315-how-long-does-an-ethereum-withdrawal-takeretrieved 2026-04-28
URL
https://research.lido.fi/t/liquidity-observation-lab-lol-liquidity-strategy-and-application-to-curve-steth-eth-pool/5335retrieved 2026-04-28
URL
https://blog.lido.fi/dual-governance-overview/retrieved 2026-04-28

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 →

rubric_version v1.7.0 protocol lido factor RD-F-065 score yellow collected_at 2026-04-28 13:58:42