Stablecoin depeg >2% on shared-LP venue

Axelar Network'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 #

T-09 v1 launch signal. Partial applicability: Axelar bridges axlUSDC and has rate limits on USDC/FRAX/ETH per-window. Protocol exposure to stablecoin depeg is via wrapped tokens in gateway contracts, not lending collateral. Rate limiters structurally bound depeg-to-drain velocity. No stablecoin depeg active as of 2026-05-17. USDC and USDT stable. Signal would NOT fire today.

Sources #

Docs
Axelar Security Overview — rate limitersAxelar security model — rate limits on USDC, FRAX, ETH per asset windowretrieved 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 →

rubric_version v1.7.0 protocol axelar factor RD-F-104 score green collected_at 2026-05-16 21:57:49