TVL (current + 30d trend)
USDD (Decentralized USD)'s assessment for RD-F-063 — scored yellow on the v1.7.0 rubric. The evidence below is the curator's reasoning for this score.
Evidence summary #
TVS $1.475B (DefiLlama, 2026-05-17). 30d change +2.77%; 90d CoV 0.361 (mean $1.03B, std $371M) — high volatility reflecting ~6x supply growth from $246M (March 2025 baseline). A large single-day spike (~$650M to ~$1.09B, mid-April 2026) coincides with JustLend Phase XVI supply mining incentives (28 March–25 April 2026 at ~4.75% APY), indicating incentive-driven rather than organic supply growth. Incentive-driven TVS is fragile: subsidy withdrawal risk is real, and the steep growth arc masks supply sustainability concerns. Yellow (not red) because current TVS is substantial and peg is currently maintained; yellow because supply trajectory is incentive-dependent with high CoV.
Sources #
- URLUSDD — DefiLlamaDefiLlama USDD protocol page — TVL, chain split, 30d/1d change, 90d CoVretrieved 2026-05-17
- USDD TVL Surpasses $1 Billion Milestone — WEEXUSDD TVL surpasses $1B milestone — WEEX newsretrieved 2026-05-17
- JUST Phase XVI Supply Mining — TradingView/CoinMarketCalJustLend Phase XVI supply mining announcement — 28 March to 25 April 2026, ~4.75% APYretrieved 2026-05-17
- USDD data cache (Phase-0 pipeline output).research/protocols/usdd/00-data-cache.json — tvl_usd, tvl_1d_change_pct, tvl_30d_change_pct, tvl_cov_90d, chainsretrieved 2026-05-17
Methodology #
Read current TVL in USD and 30-day trend using DeFiLlama adapter methodology.
See the full factor methodology and distribution across all protocols →