---
title: "USDS Pool Empties, Score Shrugs"
canonical: "https://pharos.watch/digest/2026-08-21/"
datePublished: "2026-08-21T08:07:27.000Z"
description: "USDS bled 91% of its DEX liquidity to $13.72M in a day; a $6.71B coin now backs its on-chain exit with pocket change, and the composite score fell only ten poin"
---

# USDS Pool Empties, Score Shrugs

## Executive Summary

USDS bled 91% of its DEX liquidity to $13.72M in a day; a $6.71B coin now backs its on-chain exit with pocket change, and the composite score fell only ten points.

## Extended

USDS lost 91% of its DEX liquidity in a day, its pooled TVL draining from $162.28M to $13.72M while the composite score slipped a mild-looking ten points, from 59 to 49. That score understates the wound: a $6.71B stablecoin now backs its on-chain exit with $13.72M of depth, nearly 500 to 1 against the float. USDS's advertised yield is fading too, 5.59% APY against a 30-day average of 6.24%, reason for depth to leave rather than deepen. The mirror ran the other way at USD1, whose pool nearly doubled to $89.83M and lifted its score from 57 to 66; USDY thinned alongside USDS, its score sliding to 28. PSI reads 93 and BEDROCK, off from 94.1, a 59-day streak the index shrugs through even as DEWS ALERT names tripled from three to nine overnight. pmUSD remains 4,241 bps below peg, wider again. Next trigger: if USDS's liquidity score falls to 41, the drain has follow-through rather than a one-day flush.