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Pharos

Depeg event

KAU Depeg, January 1, 2026: 7.37% Below Peg

Detected under v1.0 · medium confidence · audit: confirmed

KAU moved below peg at 03:00 UTC on January 1, 2026, with a peak deviation of 7.37% at $129.34. Recovered after 3.0 hr at 06:00 UTC at $138.60.

The checked-in price path starts at $129.93 against a recorded peg reference of $139.60. Pharos captured the incident through a historical backfill and evaluates it under v1.0. The record reports the observed price path and resolution state without inferring a cause from those measurements.

Event summary

Direction
below peg
Peak deviation
7.37%
Started
January 1, 2026
Recovered
January 1, 2026
Outcome
Recovered
Duration
3.0 hr
Peg reference
$139.60
Start price
$129.93
Peak price
$129.34
Recovery price
$138.60

Related incidents

Stablecoin

Kinesis Gold (KAU) →

KAU (ERC-20) is KMS Labs' Ethereum gold token backed 1:1 by native Kinesis KAU; physical redemption is two-step and ERC-20 balances do not earn fee yield.

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Methodology pin: v1.0 changelog