Stablecoin depeg >2% on shared-LP venue
Liquid Collective (LsETH)'s assessment for RD-F-104 — scored not_applicable on the v1.7.0 rubric. The evidence below is the curator's reasoning for this score.
Evidence summary #
T-09 v1 launch signal. LsETH is ETH-denominated; no stablecoin in the collateral or reserve composition. CoverageFund holds ETH for slashing coverage. ELFeeRecipient collects ETH network rewards. No stablecoin dependency in core protocol accounting (not a lending protocol; no stablecoin in the LST redemption path). Signal cannot fire on any stablecoin depeg event. Stablecoin depeg exposure suppression rule applies: protocol TVL exposure to any stablecoin < 5% (effectively 0%).
Sources #
- DocsLsETH Tokenomics - Liquid Collective ETHLsETH is an ETH-denominated liquid staking receipt token; redemptions are in ETH; no stablecoin dependency in core protocol documentationretrieved 2026-05-17
- Liquid Collective data cache00-data-cache.json coverage_flags.lending_protocol = false; defillama.oracle = 'Internal'retrieved 2026-05-17
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 →