Stablecoin depeg >2% on shared-LP venue
Polymarket's assessment for RD-F-104 — scored yellow on the v1.7.0 rubric. The evidence below is the curator's reasoning for this score.
Evidence summary #
Applicable — highest-impact signal for Polymarket. pUSD (collateral for all $514M TVL) is backed 1:1 by USDC; no algorithmic peg, no fractional reserve. Protocol exposure = 100% of TVL (threshold is ≥5%). If USDC depegs >2% on ≥2 venues for ≥30 min, RD-F-104 would fire immediately. USDC/USD Chainlink feed on Polygon (0xfE4A8cc5b5B2366C1B58Bea3858e81843581b2F7, heartbeat 27s) is the primary monitoring source. Current posture: USDC at peg today — signal would not fire right now. Scored yellow because structural exposure is maximum (100% concentration in single stablecoin vs typical 18-30% for lending protocols) — signal is armed and would fire at threshold.
Sources #
- DocsPolymarket USD — Polymarket DocumentationpUSD: 1:1 USDC backing, onchain enforcementretrieved 2026-04-29
- Polygonscan — Chainlink USDC/USD PolygonChainlink USDC/USD feed Polygon (0xfE4A8cc5b5B2366C1B58Bea3858e81843581b2F7)retrieved 2026-04-29
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 →