Conversation
Verify and apply 13 points of team feedback to the reUSD risk report,
keeping a defensive posture (preserve caveats, label Re-asserted figures).
Verified independently (onchain / docs / press):
- Chainlink Proof-of-Reserve IS live on Avalanche ("Re Offchain Reserves",
OCR2, 16 transmitters, TNF LedgerLens source) — corrects the report's
prior "overclaim / does not exist" conclusion. Kept caveats: Avalanche-only,
not consumed by Ethereum reUSD logic, non-value-securing, same offchain attestor.
- reUSDe yield = RFR/SOFR + 850 bps (removed retired "16-25%" model).
- reUSDe is mezzanine/second-loss; Re Capital is first-loss (docs waterfall).
- reUSD yield is a weighted blend + single 250 bps spread (not "higher-of").
- Issuer is Resilience Foundation Cayman LLC; BVI entity is a service affiliate.
- Underwriting led by James Norris (CUO) + Jonathan Lim (Head of Underwriting).
Accepted as Re-asserted / recomputed (defensively labeled):
- reUSD attaches at 115% CR (not 135%); likelihoods 105/110/115/135 ->
3.9/1.9/0.9/0.03%. reUSD's modeled loss likelihood is ~0.9%, not 0.03%.
- 0xd4374008 reclassified as reUSDe collateral -> excluded from reUSD reserves:
$97.37M total, two EOAs ($89.77M), coverage ~52.6%, sUSDe ~88% / USDC ~9.6%.
- Premiums ~$409M inception-to-date (~$226M in 2026); fixed $174M token-supply
vs reinsurance-book conflation (~35 carriers / ~600K policyholders).
Graph: added chainlink-por dependency node + edge; fixed sUSDe share.
Final score unchanged at 3.6 (Elevated): riskier corrections offset the
new live PoR transparency mirror.
Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
Refresh headline market metrics from DeFiLlama / CoinGecko / onchain: - reUSD price ~$1.084 (onchain getSharePrice 1.0839), up from ~$1.072 - reUSD market cap ~$172.2M, down from ~$186.7M - reUSD supply ~159.0M all-chains / ~157.5M Ethereum, down from ~172.6M - 24h volume ~$1.2M, down from ~$7.3M - DeFiLlama protocol-wide TVL ~$262.1M, up from ~$198.1M (peaked ~$288M late May) - cumulative yield since inception ~8.4% Notable divergence: protocol-wide TVL rose while reUSD's own supply/market cap contracted (net redemptions + LayerZero cross-chain migration; protocol TVL now exceeds reUSD market cap by ~$90M, reflecting reUSDe/other growth). Detailed onchain reserve / DEX / redemption snapshots remain as of the Apr 17, 2026 audit and are clearly labeled as such; market-cap-derived April liquidity ratios are anchored to that snapshot. Score unchanged (3.6). Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
|
The latest updates on your projects. Learn more about Vercel for GitHub.
|
This file contains hidden or bidirectional Unicode text that may be interpreted or compiled differently than what appears below. To review, open the file in an editor that reveals hidden Unicode characters.
Learn more about bidirectional Unicode characters
Sign up for free
to join this conversation on GitHub.
Already have an account?
Sign in to comment
1 participant
Add this suggestion to a batch that can be applied as a single commit.This suggestion is invalid because no changes were made to the code.Suggestions cannot be applied while the pull request is closed.Suggestions cannot be applied while viewing a subset of changes.Only one suggestion per line can be applied in a batch.Add this suggestion to a batch that can be applied as a single commit.Applying suggestions on deleted lines is not supported.You must change the existing code in this line in order to create a valid suggestion.Outdated suggestions cannot be applied.This suggestion has been applied or marked resolved.Suggestions cannot be applied from pending reviews.Suggestions cannot be applied on multi-line comments.Suggestions cannot be applied while the pull request is queued to merge.Suggestion cannot be applied right now. Please check back later.
Reassessment of the re-reUSD risk report driven by team feedback (13 points), plus a headline TVL/market-data refresh. Defensive posture throughout: claims verified against primary sources, Re-asserted figures labeled, caveats preserved.
What changed
1. Team-feedback reassessment (commit
1c95283)Verified all 13 points and applied the ones that hold up:
Verified independently (onchain / docs / press):
castconfirms0xc79a…2f607is a real ChainlinkAccessControlledOCR2Aggregator("Re Offchain Reserves", 16 transmitters, ~$176.8M, updated daily), listed in Chainlink's directory underre-reserves. Corrects the report's prior "overclaim / does not exist" conclusion. Caveats preserved: Avalanche-only, not consumed by Ethereum reUSD logic, sourced from TNF's LedgerLens (same offchain attestor), labeled "non-value-securing."Accepted as Re-asserted / recomputed (defensively labeled):
0xd4374008…reclassified as reUSDe collateral → excluded from reUSD reserves: $97.37M total across two EOAs ($89.77M), coverage ~52.6% (only ~2.6 pp above the 50% floor), sUSDe ~88% / USDC ~9.6%.Graph (
reports/graph/re-reusd.yaml): addedchainlink-pordependency node + edge; fixed sUSDe reserve share.2. TVL / market-data refresh (commit
c38cb79)Refreshed from DeFiLlama / CoinGecko / onchain (June 17, 2026):
getSharePrice1.0839) ↑ from ~$1.072Divergence flagged: protocol-wide TVL rose while reUSD's own supply/market cap contracted (net redemptions + LayerZero cross-chain migration); protocol TVL now exceeds reUSD market cap by ~$90M, reflecting reUSDe/other growth.
Score
Unchanged at 3.6 (Elevated). Riskier corrections (115% attachment, thinner ~52.6% coverage, lower volume) offset the one genuine positive (live Chainlink PoR). No subcategory crosses a threshold.
Validation
cast(Avalanche PoR aggregator; Ethereum supply/share price).yaml.safe_load, no dangling edges).npm run buildnot run to completion —astrois not installed in this worktree (update_stats.mjsstep ran fine). Content/markdown/YAML are otherwise consistent.Caveats / not done
0xd4374008…is a Re/team claim (not independently provable onchain).🤖 Generated with Claude Code