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Depeg event
Detected under v6.08 · confirmed via pool:kyberswap_elastic_avalanche:cg_onchain+pool:kyberswap_elastic_arbitrum:cg_onchain
MAI moved below peg at 15:35 UTC on June 13, 2026, with a peak deviation of 19.2% at $0.8082. The observation closed 10.2 days later at 19:35 UTC with a recorded recovery price of $0.9920.
The checked-in price path starts at $0.9895 against a recorded peg reference of $0.9998. Pharos captured the incident through live monitoring and evaluates it under v6.08. Confirmation evidence is recorded as “pool:kyberswap_elastic_avalanche:cg_onchain+pool:kyberswap_elastic_arbitrum:cg_onchain”. The source row also retains the quality flag “low-confidence”. Its recorded close reason is “recovered-primary”. 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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