Collateralization under stress
Aave v3's assessment for RD-F-068 — scored yellow on the v1.7.0 rubric. The evidence below is the curator's reasoning for this score.
Evidence summary #
Curator stress simulation (top-3 collateral -50%) not performed in this run (PH-class factor). Real-world evidence from April 2026 event: rsETH effective value dropped to 0% (unsupported bridged asset), resulting in $123–230M bad debt. Global protocol ratio: $14.06B supply / $12.44B borrow = ~113% — above 110% threshold but close to the floor. Individual market impairment is confirmed. Yellow per 110–150% stress range.
Sources #
- URLDefiLlama Aave v3 borrow dataData cache total_borrowed=12444954259, total_supplied=14063906186 — implied ratio ~113%retrieved 2026-04-27
- rsETH Incident Report (April 20, 2026)rsETH Incident Report: rsETH backing collapse produced bad debt under real-world stressretrieved 2026-04-27
Methodology #
Determine whether under curator-defined stress scenario (top-3 collateral assets drop 50%), protocol net collateralization falls below 110%.
See the full factor methodology and distribution across all protocols →