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Pharos

Depeg event

KAU Depeg, February 8, 2026: 6.45% Below Peg

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

KAU moved below peg at 13:00 UTC on February 8, 2026, with a peak deviation of 6.45% at $149.77. Recovered after 1.0 hr at 14:00 UTC at $158.35.

The checked-in price path starts at $149.77 against a recorded peg reference of $160.09. 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
6.45%
Started
February 8, 2026
Recovered
February 8, 2026
Outcome
Recovered
Duration
1.0 hr
Peg reference
$160.09
Start price
$149.77
Peak price
$149.77
Recovery price
$158.35

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