Depeg Tracker
Live stablecoin depegs, pending confirmations, and early stress warnings, with recovery forecasts.
Depeg history
Frequently asked questions
What is the DEWS score?
DEWS (Depeg Early Warning System) is a per-coin stress score from 0 to 100, computed every 30 minutes from 8 sub-signals: supply velocity, pool balance drift, liquidity erosion, price confidence, cross-source divergence, blacklist activity, mint/burn flow, and yield anomaly. It is designed to surface pre-price and live-market stress signals, with scores amplified by up to 30% during periods of broader ecosystem instability (low PSI), plus a bounded same-peg contagion multiplier from current WARNING/DANGER peers (currently 1.08/1.15, capped at 1.2).
How is the peg score calculated?
The peg score (0–100) combines two equally weighted components: peg percentage (the share of tracked history spent at peg) and severity score (100 minus per-event penalties based on peak deviation magnitude, duration, and recency). An active depeg penalty of up to 50 points and a spread penalty of up to 15 points are subtracted. The score returns null for coins with fewer than 7 days of tracking history, and scores based on 7 to 30 days are labeled Early score.
What counts as a depeg event on Pharos?
A depeg event is triggered when a stablecoin's price deviates from its peg by more than 1% (100 bps) for USD-pegged coins, or 1.5% (150 bps) for non-USD pegs. Every new event is pending at first: the deviation must hold for at least 15 minutes and be backed by a trusted or multi-source primary price, or by same-direction secondary evidence, before it is confirmed. Opposite-direction evidence never counts as confirmation and can reject a pending event.