Stablecoin depeg >2% on shared-LP venue
Compound V3 (Comet)'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 #
No current stablecoin depeg (USDC/USDT/USDS stable as of 2026-04-27). rsETH effective backing collapsed ~18% on Apr 18 — exposure ~2.9% TVL is BELOW the 5% grade-eligible threshold. Advisory note: bad debt frozen in unliquidatable rsETH collateral (~$39M).
Detail #
Chainlink USDC/USD feed (0x8fFfFfd4AfB6115b954Bd326cbe7B4BA576818f6, heartbeat 82800s, 0.25% deviation) — no depeg detected as of 2026-04-27. USDT and USDS similarly stable. rsETH: 116,500 rsETH minted unbacked by Lazarus Group attack on Kelp DAO Apr 18 2026; rsETH effective backing collapsed. Compound V3 rsETH exposure: approximately $39M bad debt against $1,351,889,827 TVL = 2.9% TVL. T-09 grade-eligible threshold: >=5% TVL exposure with >=2% depeg sustained >=30 min. 2.9% is below 5% threshold — signal fires advisory-only, not grade-eligible. Score is yellow (advisory) rather than green because the exposure exists as frozen bad debt, not as a resolved incident.
Sources #
- URLhttps://etherscan.io/address/0x8fFfFfd4AfB6115b954Bd326cbe7B4BA576818f6retrieved 2026-04-27
- https://defiprime.com/kelpdao-rseth-exploitretrieved 2026-04-27
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 →