Asymmetry USDaf (USDaf) stablecoin analytics
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USDaf
Asymmetry's USDaf is a Liquity V2-style CDP with immutable contracts and A+ decentralization at 100 — one of only four stablecoins on the dashboard to achieve a perfect governance score. The collateral is a stack of yield-bearing stablecoin wrappers: 65% ysyBOLD (wrapped BOLD), 23% scrvUSD (wrapped crvUSD), 7% sUSDS, and smaller allocations to tBTC, sfrxUSD, and WBTC — meaning USDaf's peg depends on the peg of at least four upstream stablecoins. The C safety grade at 56 and only 45% time at peg tell the cost of this architecture: 102 depeg events on barely $1.4 million in circulation suggest the secondary market can't maintain the peg at this scale. The immutable-code governance is genuine and the 82-rated backstop provides structural support, but USDaf is currently a proof of concept for recursive decentralized stablecoin design rather than a liquid dollar.
Detailed stablecoin analytics coming soon...
