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Pharos

Depeg event

KAU Depeg, February 22, 2026: 6.21% Below Peg

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

KAU moved below peg at 18:00 UTC on February 22, 2026, with a peak deviation of 6.21% at $155.08. Recovered after 4.0 hr at 22:00 UTC at $167.13.

The checked-in price path starts at $155.08 against a recorded peg reference of $165.35. 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
below peg
Peak deviation
6.21%
Started
February 22, 2026
Recovered
February 22, 2026
Outcome
Recovered
Duration
4.0 hr
Peg reference
$165.35
Start price
$155.08
Peak price
$155.08
Recovery price
$167.13

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