Historical bad-debt events

Ondo Finance's assessment for RD-F-067 — scored green on the v1.7.0 rubric. The evidence below is the curator's reasoning for this score.

Evidence summary #

No bad debt events documented for Flux Finance or Ondo core products. Rekt database shows `incidents: []`. No bad debt events appear in any web search of Ondo Finance security incidents. The protocol has operated since January 2023 (39 months) without a documented bad-debt socialization event. The KYC-gated OUSG collateral creates a restricted liquidator pool (structural risk noted under RD-F-068), but no realized bad debt has occurred.

Sources #

URL
DefiLlama protocol profile (canonical defillama_slug)https://defillama.com/protocol/ondo-financeretrieved 2026-05-12
URL
https://rekt.newsretrieved 2026-04-27

Methodology #

Count and sum (USD) the number of documented bad-debt events where the protocol socialized losses across depositors.

See the full factor methodology and distribution across all protocols →

rubric_version v1.7.0 protocol ondo-finance factor RD-F-067 score green collected_at 2026-05-14 12:01:55