Weekly RiskDAO report 7 Apr ‘23

All referenced data can be accessed directly on the Gearbox dashboard by RiskDAO.


The Euler exploiter has returned all funds which the Euler team attributes to active negotiations and seeking a solution with the hacker. A post-mortem can be found here.

Do Kwon was arrested in Montenegro and is held there for the next 30 days. US and Korean authorities are trying to extradite him in order to prosecute.

Arbitrum Foundation caused a major stir among community members: The organization asked the Arbitrum DAO/community to make 750m $ARB available for operational costs. As the vote concluded, the result was not in the interest of the Abitrum Foundation which then ignored the outcome and replied that it was a ratification, not a request. Also, the Foundation had already spent 10m $ARB before posting the vote, much to the confusion of the community. Arbitrum Foundation posted a lengthy forum entry justifying their actions and rationale.

On-chain sleuths are following Binance’s crypto purchases and the CEX is down to $113m in available capital to spend.

BProtocol is launching their new Risk Oracle for DeFi Lending markets which will have automatic risk monitoring and decision-making as key features.

Stablecoin monitoring

GUSD liquidity materially improved from $19.2m to $61m. sUSD liquidity stayed at $22.4m. LUSD held steady around $27.6m. sUSD backing improved from 422% to 440%. LUSD backing remained flat around 275%.

There are no material oracle deviations between DEX and CEX prices.


stkcvxcrvPlain3andSUSD has an outsized share within the collateral pool as it accounts for 32% (+200bps) of the total. The ratio has come down a lot over the last weeks from a peak of ~40%. We continue monitoring this ratio to avoid concentration risk from building up.

Pools summary (weekly comparison)


Total pool size decreased from $19m to $18.7m. stkcvxcrvPlain3andSUSD remains the #1 asset at $10.7m (unchanged), followed by stkcvxgusd3CRV at $3.8m (-$0.3m) and yvDAI at $3.3m (+$0.1m).

Total debt stayed flat at $16m.

The pool remains predominantly collateralized by stablecoins.


Total pool collateral increased from $20.3m to $21.7m, with the largest collateral assets being stkcvxcrvPlain3andSUSD (+$1.6m to $13.2m), followed by stkcvxgusd3CRV at $4.1m (unchanged) and stkcvxFRAX3CRV-f at $1.3m.

This pool also remains large backed by stablecoin assets.

Total debt increased to $17.7m (+$1.1m).


The pool stayed flat at $32.6m. The largest collateral assets are stETH (+$0.7m to $21.6m), stkcvxsteCRV (-$1m to $8.0m) and yvWETH (unchanged at $1.4m).

The pool remains collateralized by mostly ETH or staked ETH assets.

Total debt remained flat at $26.6m.


This is a new pool that went online recently. It has total collateral of $2.3m (unchanged), mostly in the form of stkcvxFRAX3CRV-f ($1.5m) and stkcvxgusd3CRV ($0.6m).

Total debt remains flat at $1.9m.


There are no active credit accounts.


Demand for borrowing stETH continues to be subdued with no active credit accounts. This is a continuation from the previous week.