Liquidity depth per major asset
Compound V3 (Comet)'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 #
2%/5% slippage depth not measured numerically. WETH/WBTC have deep DEX liquidity; COMP/UNI/LINK mid-tier. April 2026 rsETH incident demonstrated exotic bridged-LRT collateral had insufficient liquidity when worthless. storeFrontPriceFactor=0.5 creates ~2.5% net liquidation discount on WETH/WBTC — thin for volatile assets.
Detail #
DEX subgraph queries not performed during assessment. Qualitative assessment: main collateral assets (WETH, WBTC) have deep Uniswap v3 / Curve pools. wstETH and cbETH have established Curve pools. COMP, UNI, LINK are mid-tier. The April 2026 KelpDAO rsETH exploit showed that rsETH collateral on cWETHv3 lacked sufficient DEX liquidity for market clearing at scale. StoreFrontPriceFactor = 0.5 means effective liquidation discount = 0.5 * (1 - liquidationFactor): ~2.5% for WETH (LF=0.95), ~3.5% for COMP/UNI/LINK (LF=0.93). This is thin relative to intraday volatility during market stress.
Sources #
- GitHubcUSDCv3 mainnet configurationdeployments/mainnet/usdc/configuration.json — storeFrontPriceFactor: 0.5, LF per assetretrieved 2026-04-27
- RareSkills Compound V3 liquidation deep-diveRareSkills: liquidation penalty = StoreFrontPriceFactor * (1 - LiquidationFactor); 5% collateral penalty exampleretrieved 2026-04-27
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 →