Liquidity depth per major asset

Cap (cUSD / stcUSD)'s assessment for RD-F-065 — scored yellow on the v1.7.0 rubric. The evidence below is the curator's reasoning for this score.

Evidence summary #

cUSD redemption is protocol-native via PSM (proportional basket redemption). No 2%/5% DEX depth query possible for cUSD at this TVL. stcUSD secondary DEX liquidity depth unquantified. Fractional reserve (Aave V3) provides USDC liquidity buffer; per search results, >80% of reserves deployed to Aave as of Jan 2026. Primary exit path is the PSM; in stressed redemption scenarios the 14–17.5 day Symbiotic/EigenLayer withdrawal queue governs worst-case liquidity.

Sources #

URL
DefiLlama — Cap holdings compositionhttps://defillama.com/protocol/capretrieved 2026-05-17
URL
Cap docs — Vault redemption mechanicshttps://docs.cap.app/concepts/vaultretrieved 2026-05-17

Methodology #

Measure on-chain liquidity depth for protocol-held assets at 2% and 5% price impact in USD.

See the full factor methodology and distribution across all protocols →

rubric_version v1.7.0 protocol cap factor RD-F-065 score yellow collected_at 2026-05-17 10:56:24