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Pharos

Depeg event

KAU Depeg, February 21, 2026: 5.31% Above Peg

Detected under v2.1 · medium confidence · audit: confirmed

KAU moved above peg at 02:00 UTC on February 21, 2026, with a peak deviation of 5.31% at $172.08. Recovered after 11.0 hr at 13:00 UTC at $164.49.

The checked-in price path starts at $171.82 against a recorded peg reference of $163.25. Pharos captured the incident through a historical backfill and evaluates it under v2.1. The record reports the observed price path and resolution state without inferring a cause from those measurements.

Event summary

Direction
above peg
Peak deviation
5.31%
Started
February 21, 2026
Recovered
February 21, 2026
Outcome
Recovered
Duration
11.0 hr
Peg reference
$163.25
Start price
$171.82
Peak price
$172.08
Recovery price
$164.49

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: v2.1 changelog