Executive Summary
GYD is the sole WARNING on a board that held zero yesterday, USDC yields hit 32.93% while shedding $1.44B in a week, and USR's grade just collapsed to F.
PSI reads 88.7, its 10th consecutive day in STEADY, but the DEWS board tells a less serene story. GYD just escalated to WARNING at score 61, the only coin in that band, with cross-source divergence pegged at 100, pool balance drift at 93, and liquidity erosion at 83. At $26.56M market cap it is not systemic, but yesterday the WARNING band held zero occupants. Today it holds one, and ALERT swelled from zero to 9 coins, including DOLA at score 42 and USR at 46.
Yield Signal. USDC is posting 32.93% APY against a 30-day average of 23.25%, a yield divergence on a $77.56B asset that warrants attention. Simultaneously, USDC shed $1.44B in supply this week, its largest weekly drawdown since well before its ATH of $79.58B on March 17. USDS and USDe both tripled their 7-day average yields to 3.75% and 3.53% respectively, hinting at a broader repricing of dollar-denominated risk across DeFi.
USR's grade collapsed from D to F at score 38, with a peg subscore of literally zero, while its DEWS reads ALERT at 46 driven by cross-source divergence of 99. PYUSD reversed a $47.65M weekly outflow into a $122.70M single-day inflow, a sharp about-face on a PayPal asset that rarely moves this abruptly. The Bank Run Gauge oscillated wildly this week, from negative 41.8 on Friday to negative 13.4 today, settling at CAUTIOUS. Calm on the surface; restless underneath.