Collateralization under stress

Uniswap (v2 + v3)'s assessment for RD-F-068 — scored not_applicable on the v1.7.0 rubric. The evidence below is the curator's reasoning for this score.

Evidence summary #

Lending-only factor (taxonomy PD-024). Neither V2 nor V3 has a collateralization model. Pool reserves are LP-owned assets, not collateral backing borrowed positions. Stress simulation is structurally inapplicable to an AMM.

Detail #

Taxonomy §Category 4 PD-024: lending-only. Data cache borrow.present=false. Profile §1: 'DEX — AMM. No collateral mechanics. No borrowing.' AMM pool reserves (reserve0, reserve1) are LP-owned assets held in the constant-product invariant; there is no collateral-to-debt ratio and no socialized loss mechanism.

Sources #

Curator note
Taxonomy PD-024Taxonomy PD-024 lending-only; data cache borrow.present=false; profile §1 DEX AMM no collateralretrieved 2026-05-12

Methodology #

Determine whether under curator-defined stress scenario (top-3 collateral assets drop 50%), protocol net collateralization falls below 110%.

See the full factor methodology and distribution across all protocols →

rubric_version v1.7.0 protocol uniswap factor RD-F-068 score not_applicable collected_at 2026-05-12 10:36:11