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Cross-asset depeg
Live

Depeg lab

Every USD stablecoin, LST, and LRT that backs (or could back) a Morpho vault — graded for live peg risk across spot, on-chain oracle, issuer-side vault health, and ETH perp funding (USDe). The same signal flow VaultScanner uses to score individual vault risk, surfaced as a standalone cross-asset view.

Tracked stablecoins7of 24 in registry
LSTs / LRTs monitored7Lido, Rocket Pool, Coinbase, ether.fi
Active alerts0All clear — calm market
Worst-off right nowwstETH14/100 · 28 bps

Deviation heatmap

Every tracked asset, one tile per coin, colored by composite severity. Number is current deviation in basis points (max of spot, oracle, and the divergence between them).

wstETH
$8.87B
LST28 bps
stETH
$18.71B
LST19 bps
eUSD
USD17 bps
weETH
$3.82B
LRT10 bps
cbETH
LST10 bps
USDT
$189.69B
USD9 bps
rETH
LST9 bps
EURC
USD7 bps
ezETH
LRT6 bps
USDS
$11.11B
USD4 bps
DAI
$4.36B
USD5 bps
PYUSD
$3.49B
USD3 bps
USDC
$76.91B
USD3 bps
rsETH
$1.38B
LRT0 bps

Stablecoin breakdown

AssetMarket capBackingIssuerSpotOracleDivergenceVault healthCompositeVaults
eUSDElectronic Dollar
$22.96M
Crypto
Reserve
$0.9983-17 bps
no feed——
Healthy8/100
3
USDTTether
$189.69B
RWA
Tether
$0.9991-9 bps
$0.9992-8 bps
1 bps
0/100Tether
Healthy4/100
23
EURC
EUR
EURC (Circle)
$449.22M
RWA
Circle
$1.1600-7 bps
no feed——
Healthy4/100
12
USDSUSDS
$11.11B
Crypto
Sky (formerly MakerDAO)
$0.9996-4 bps
$0.9999-1 bps
3 bps
0/100MakerDAO Vat
Healthy2/100
2
DAIDai
$4.36B
Crypto
MakerDAO
$0.9995-5 bps
$0.9998-2 bps
2 bps
0/100MakerDAO Vat
Healthy2/100
2
PYUSDPayPal USD
$3.49B
RWA
PayPal / Paxos
$0.9997-3 bps
$0.9998-2 bps
2 bps—
Healthy2/100
7
USDCUSD Coin
$76.91B
RWA
Circle
$0.9997-3 bps
$0.9997-3 bps
0 bps—
Healthy1/100
136

LST / LRT breakdown

AssetCategoryFair valueSpotGapSeverityDiagnostic
wstETH
LST
$2611.42$2604.1828 bps discount
Healthy14/100
wstETH at a 28 bps discount to Lido's oracle fair value — within the normal structural band for staked-ETH wrappers (withdrawal-queue time value usually prices in as a 20–60 bps discount).
stETH
LST
$2117.53$2113.4519 bps discount
Healthy10/100
stETH at a 19 bps discount to Lido's oracle fair value — within the normal structural band for staked-ETH wrappers (withdrawal-queue time value usually prices in as a 20–60 bps discount).
cbETH
LST
$2390.34$2387.9710 bps discount
Healthy5/100
cbETH at a 10 bps discount to Coinbase's oracle fair value — within the normal structural band for staked-ETH wrappers (withdrawal-queue time value usually prices in as a 20–60 bps discount).
weETH
LRT
$2314.22$2312.0010 bps discount
Healthy5/100
weETH at a 10 bps discount to ether.fi's oracle fair value — within the normal structural band for staked-ETH wrappers (withdrawal-queue time value usually prices in as a 20–60 bps discount).
rETH
LST
$2459.39$2457.239 bps discount
Healthy4/100
rETH at a 9 bps discount to Rocket Pool's oracle fair value — within the normal structural band for staked-ETH wrappers (withdrawal-queue time value usually prices in as a 20–60 bps discount).
ezETH
LRT
$2274.69$2273.366 bps discount
Healthy3/100
ezETH at a 6 bps discount to Renzo's oracle fair value — within the normal structural band for staked-ETH wrappers (withdrawal-queue time value usually prices in as a 20–60 bps discount).
rsETH
LRT
$2256.48$2256.480 bps discount
Healthy0/100
rsETH trading at oracle fair value — zero gap to Kelp DAO's on-chain rate.