defirisk.co
rubric v1.7.0

Liquidity depth per major asset

PancakeSwap's assessment for RD-F-065 — scored yellow on the v1.7.0 rubric. The evidence below is the curator's reasoning for this score.

Evidence summary #

Major pairs (BNB/USDT, BNB/USDC, CAKE/BNB) have deep liquidity — $50K BNB/USDT swap at <0.05% price impact; PancakeSwap is the dominant on-chain venue on BSC. However, permissionless pool creation creates a persistent class of thin long-tail pools. BCE/USDT pool (~$679K drained, March 2025) and OCA/USDC pool (~$422K drained) demonstrate that thin-pool long-tail exposure is a recurring harm surface. Net yellow because the tail risk from thin pools is material and recurrent, even if major pairs are deep.

Sources #

Methodology #

Measure on-chain liquidity depth for protocol-held assets at 2% and 5% price impact in USD.

See the full factor methodology and distribution across all protocols →

rubric_version v1.7.0 protocol pancakeswap factor RD-F-065 score yellow collected_at 2026-04-28 19:10:57