Algorithmic / under-collateralized stablecoin
Liquid Collective (LsETH)'s assessment for RD-F-069 — scored not_applicable on the v1.7.0 rubric. The evidence below is the curator's reasoning for this score.
Evidence summary #
LsETH is a staked-ETH receipt token, not a stablecoin (algorithmic or otherwise). The conversion rate floats upward with ETH staking rewards and is independent of any algorithmic stabilization mechanism. Per PD-024, lending-only factors are not_applicable for non-lending protocols. The stablecoin design question is structurally inapplicable to an LST.
Sources #
- DocsLiquid Collective — LsETH tokenomics documentationLsETH tokenomics: non-rebasing staked ETH receipt; conversion rate increases with rewards; not a stablecoinretrieved 2026-05-17
Methodology #
Classify whether the protocol is an algorithmic or under-collateralized stablecoin design per curator classification.
See the full factor methodology and distribution across all protocols →
rubric_version v1.7.0 protocol liquid-collective factor RD-F-069 score not_applicable collected_at 2026-05-16 19:46:23