Stablecoin depeg >2% on shared-LP venue
Liquity V1 + V2 (LUSD / BOLD)'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 #
Stablecoin depeg dependency-linked signal (T-09 v1 launch, tier-B). Applicable with specific directional note. Threshold: depeg >2% on >=2 venues, sustained >=30 min, with >=5% protocol TVL exposure. Current posture: LUSD (v1 output) and BOLD (v2 output) are the stablecoins produced by Liquity — not the collateral input. The protocol's collateral (ETH, wstETH, rETH) is not a stablecoin, so a stablecoin-depeg in external assets (USDC, DAI) does not directly trigger this signal for Liquity's collateral composition. LUSD has maintained peg through multiple market stress events historically. BOLD is operative (May 2025). Neither LUSD nor BOLD is currently depegged. Signal would NOT fire today.
Sources #
- DocsLiquity V1 Documentation ResourcesLiquity v1 LUSD peg stability history through May 2021 crash and March 2023 USDC depeg crisis documented in profile section 10retrieved 2026-05-16
- Liquity V2 is LIVE — Liquity BlogLiquity v2 live announcement confirming BOLD collateral is WETH, wstETH, and rETH — no stablecoin collateralretrieved 2026-05-16
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 →