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Depeg event
Detected under v5.98 · confirmed via coingecko-confirm+dex:kyberswap_elastic_avalanche+dex:kyberswap_elastic_arbitrum+dex:balancer+dex:quickswap+dex:trader-joe+dex:radioshack_polygon_pos+dex:uniswap-v3+dex:sushiswap
MAI moved below peg at 01:20 UTC on May 13, 2026, with a peak deviation of 35.4% at $0.6458. The observation closed 31.1 days later at 04:34 UTC with a recorded recovery price of $0.9937.
The checked-in price path starts at $0.9857 against a recorded peg reference of $0.9998. Pharos captured the incident through live monitoring and evaluates it under v5.98. Confirmation evidence is recorded as “coingecko-confirm+dex:kyberswap_elastic_avalanche+dex:kyberswap_elastic_arbitrum+dex:balancer+dex:quickswap+dex:trader-joe+dex:radioshack_polygon_pos+dex:uniswap-v3+dex:sushiswap”. The source row also retains the quality flag “low-confidence”. The record reports the observed price path and resolution state without inferring a cause from those measurements.
Event summary
Related incidents
Other recent peggedUSD depegs
Other cdp incidents
Stablecoin
MAI (MAI) →QiDao's MAI is overcollateralized, minted against crypto vaults; Base and Polygon are only live chains after legacy wind-down, with persistent sub-$1 trading.
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