Liquidity depth per major asset
USDD (Decentralized USD)'s assessment for RD-F-065 — scored gray on the v1.7.0 rubric. The evidence below is the curator's reasoning for this score.
Evidence summary #
PSM liquidity depth not quantifiable. USDD peg defense relies primarily on the PSM (zero-fee 1:1 USDD↔USDC/USDT swap, no price impact regardless of size per USDD docs), not secondary-market DEX depth. PSM reserve (USDT/USDC balance held by TRON DAO Reserve) is the correct analog to liquidity depth. This balance is not publicly readable from available sources (Tronscan blocked; tdr.org transparency page content is minimal per profile). SunSwap V3 DEX subgraph not accessible. Yellow signal: PSM design is structurally sound for peg maintenance at small scale; adequacy at current $1.475B supply with primarily TRX reserves is not verifiable.
Sources #
- InternalUSDD data cache.research/protocols/usdd/00-data-cache.json — coverage_flags.non_evm_substrate: true; borrow.present: falseretrieved 2026-05-17
- PSM (Peg Stability Module) — USDD DocsUSDD PSM documentation — zero-fee 1:1 swap, no price impactretrieved 2026-05-17
Methodology #
Measure on-chain liquidity depth for protocol-held assets at 2% and 5% price impact in USD.
See the full factor methodology and distribution across all protocols →