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Pharos

Depeg event

KAU Depeg, January 2, 2026: 8.05% Below Peg

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

KAU moved below peg at 07:00 UTC on January 2, 2026, with a peak deviation of 8.05% at $128.81. Recovered after 8.0 hr at 15:00 UTC at $140.62.

The checked-in price path starts at $138.05 against a recorded peg reference of $140.19. 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
8.05%
Started
January 2, 2026
Recovered
January 2, 2026
Outcome
Recovered
Duration
8.0 hr
Peg reference
$140.19
Start price
$138.05
Peak price
$128.81
Recovery price
$140.62

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