Stablecoin depeg >2% on shared-LP venue
Morpho V1 (Morpho Blue + MetaMorpho)'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 #
USDC and USDT at peg as of 2026-04-27. No >2% depeg on ≥2 venues. Protocol has very high stablecoin exposure — USDC dominates loan assets across MetaMorpho vaults. Signal would fire rapidly if USDC depegged given dominance.
Detail #
Threshold: |price_now − peg| / peg > 2% on ≥2 venues sustained ≥30 min AND protocol exposure ≥5% TVL. USDC exposure is far above 5% TVL — it dominates. USDC at $1.000, USDT at $0.9998 as of assessment date. No current fire.
Sources #
- URLhttps://etherscan.io/address/0x8fFfFfd4AfB6115b954Bd326cbe7B4BA576818f6retrieved 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 →