Stablecoin depeg >2% on shared-LP venue
Convex Finance'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 (Tier B). Applicable: Yes. Convex's TVL is primarily CRV/cvxCRV and Curve LP positions. USDC/USDT/DAI stablecoins are present in Curve pools Convex holds positions in. Chainlink USDT/USD feed (heartbeat 86400s, 0.25% deviation threshold) confirmed in data cache. As of 2026-05-16, no stablecoin depeg event (> 2% sustained on shared-LP venue) detected in public sources. The last major affecting events were March 2023 USDC episode and July 2023 Curve/Vyper exploit — both fully resolved. cvxCRV/CRV is a soft peg, not a hard-peg stablecoin. Current stablecoin layer is stable. Signal would not fire today.
Sources #
- URLConvex Finance TVL — DefiLlamaDefiLlama TVL data — $613.3M stable as of 2026-05-16, no depeg-driven drain detectedretrieved 2026-05-16
- Convex Finance data cache — Chainlink oracle feeds.research/protocols/convex-finance/00-data-cache.json — oracle_feeds[0]: USDT/USD Chainlink 0x3E7d1eAB13ad0104d2750B8863b489D65364e32D, heartbeat 86400s, deviation 0.25%retrieved 2026-05-16
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 →