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Pharos

Depeg event

KAU Depeg, January 5, 2026: 9.14% Below Peg

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

KAU moved below peg at 20:00 UTC on January 5, 2026, with a peak deviation of 9.14% at $130.41. Recovered after 3.0 hr at 23:00 UTC at $142.84.

The checked-in price path starts at $130.86 against a recorded peg reference of $143.42. 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
9.14%
Started
January 5, 2026
Recovered
January 5, 2026
Outcome
Recovered
Duration
3.0 hr
Peg reference
$143.42
Start price
$130.86
Peak price
$130.41
Recovery price
$142.84

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