Pause activations (trailing 12 months)
crvUSD (Curve Stablecoin)'s assessment for RD-F-086 — scored yellow on the v1.7.0 rubric. The evidence below is the curator's reasoning for this score.
Evidence summary #
One documented peg deviation event: June 12, 2024 upward depeg. During a CRV-long market liquidation cascade, crvUSD price spiked dramatically and remained above peg over multiple blocks. Root cause: PegKeeper V2 deviation-check anti-spam mechanism prevented the PegKeeper from supplying crvUSD to restore the peg. LlamaRisk incident report is the primary source. Event was transient (intra-day resolution), no funds stolen from crvUSD CDP, and the peg has been tight under normal conditions across the 36-month operational history. Yellow: one documented peg failure driven by mechanism design tradeoff; not red because it was transient and remediation is ongoing.
Sources #
- URLcrvUSD Upward Depeg (June 12, 2024) Incident Report — LlamaRiskLlamaRisk crvUSD Upward Depeg Incident Report 2024-06-12 — primary post-mortem for peg eventretrieved 2026-05-16
- PegKeeper V2 Upgrade — Curve Governance ForumPegKeeper V2 governance proposal — context for PK V2 upgrade preceding the eventretrieved 2026-05-16
Methodology #
Count the number of deliberate pause activations with documented reason in the trailing 12 months.
See the full factor methodology and distribution across all protocols →