Stablecoin depeg >2% on shared-LP venue
Raydium'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 #
Cat 6B exploit-in-progress signal [T-09 v1 launch]. Raydium has large USDC/USDT paired liquidity pools (SOL-USDC, SOL-USDT, RAY-USDC etc.). A major USDC/USDT depeg would cause LP imbalance and impermanent loss, but NOT protocol insolvency — Raydium is a pure AMM, not a lending protocol with stablecoin collateral. Exposure category: LP value erosion (partial, not systemic). Dec 2025 USX stablecoin depeg event ($0.80) caused minor temporary imbalances on Raydium but no protocol-level failure. Current posture: USDC and USDT stable at $1.00 as of 2026-04-29. No active depeg. Signal applicable with reduced severity vs. lending protocols.
Sources #
- URL
- USX Stablecoin on Solana Depegs to $0.8 — Crypto TimesUSX Stablecoin depeg Dec 2025: minor Raydium imbalances, no protocol-level failureretrieved 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 →