Stablecoin depeg >2% on shared-LP venue
OpenEden'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 signal (T-09 v1 launch, tier-B). Low applicability: TBILL is a T-bill-backed RWA token, not a stablecoin. Protocol does not hold >5% TVL in any third-party stablecoin dependency (collateral is US T-bills, not USDC/DAI/USDT). USDO is the protocol's own T-bill-backed stablecoin — its backing is T-bills, not an algo or fractional reserve. No triggerable third-party stablecoin dependency >5% of TVL identified. Signal does not fire by design for this RWA vault architecture.
Sources #
- URLDefiLlama OpenEdenDefiLlama TVL chain breakdown: Ethereum $84.85M, XRPL $39.67M, Polygon $3.23M — TVL composition is T-bill-backed assets, not third-party stablecoin poolsretrieved 2026-05-16
- OpenEden TBILL introductionTBILL token represents direct ownership of US Treasury Bills; USDO is backed by T-bills — no third-party stablecoin collateral dependency >5% TVLretrieved 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 →