Stablecoin depeg >2% on shared-LP venue
SUNSwap (sun.io)'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 #
T-09 v1 signal. SUNSwap pools have dominant USDT TRC-20 exposure — USDT = 98.5% of TRON stablecoin supply as of March 2025; TRON hosts >46% of global USDT supply (~$78B as of Q3 2025). Exposure to USDT TRC-20 far exceeds the 5% TVL threshold (USDT is primary liquidity pair across V1/V2/V3). USDD (TRON's algo-adjacent stablecoin, V2.0 redesigned 2024) is secondary exposure. Currently USDT peg intact. Historical USDD depeg events in 2022-2023 (USDD 1.0) created material TRON DEX stress. A USDT TRC-20 depeg >2% would fire this signal immediately for SUNSwap given structural dominance. Sector-wide suppression rule would apply for global USDT depeg but not for TRON-local USDD depeg event.
Sources #
- URLTRON Statistics 2025: Users, DeFi, StablecoinsTRON statistics 2025 - stablecoins USDT share >46% global supplyretrieved 2026-05-17
- What Is USDD - TRON Stablecoin and Depeg HistoryTRON USDD depeg history and USDD 2.0 redesignretrieved 2026-05-17
- CryptoTimes - USDT Dominates 98.5% of Stablecoins on TRON NetworkUSDT dominates 98.5% of stablecoins on TRON network - March 2025retrieved 2026-05-17
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 →