Pharos

Version 9 of our Safety Score is now fully deployed and operational, introducing a new 3-dimensions framework

1. Backing: does this thing have value to begin with?
2. Control: even if the box is full, can something destroy it anyway?
3. Exit: fine, but can I actually leave?

USDT Supply Shrinks As PSI Regains BEDROCK

$USDE's 5.14% APY ranked first on Pharos' weekly risk board, with no opportunity evidence attached. USDT's trailing seven-day supply fell in all 7 editions; PSI closed at 91.5 as the gauge midpoint dropped to…

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USDf Closes A 198-Hour Depeg (#257)

$USDF's 198-hour depeg, which peaked 111 bps below peg on $1.82B, has closed, leaving pmUSD at the top of PSI's severity list. Next trigger: a Bank Run Gauge print of -20 or lower, against -11.4 today.

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USDT Down $2.80B On The Week (#256)

$USDT accounts for about 56% of a $5.04B weekly decline across baseline-covered coins. USDf, the top PSI severity contributor, lost 13 points of DEX liquidity score as pool TVL rose. Next trigger: a $3B USDT week.

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USDS Burns $858.65M Net (#255)

$USDS supply fell $892.70M in a day, more than its entire seven-day decline, while USDe added $361.59M. A $1B USDS day would turn the contraction into rotation.

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