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CriticalIncident
Aug 18, 2026

msUSD depegged 29.2% below $1 on Ethereum ($0.7076)

Chain:Ethereum
msUSD
Active

The incident remains unresolved; it stays active until recovery evidence supports closure.

What Happened

The price of msUSD on Ethereum is currently $0.7076, 29.2% below its $1 peg target. Vaults that hold msUSD as collateral or as the deposit asset are exposed to mark-to-market loss in proportion to their msUSD allocation. Depositors should verify the cause (oracle, market liquidity, issuer event) before adding new capital.

Impact

Affected AssetmsUSD

Price Evidence

Observed price$0.7076
Mark-to-market proxy$6,749,045.29388
Tracked exposure basis$23,081,550.252668
Peg target$1.00
Observed drift-29.240%
VerificationCorroborated

The proxy is price drift multiplied by Philidor's tracked exposure estimate. It is neither realized loss nor an exact holdings balance.

Asset contract0xab5eb1…b9befa
Quote observedAug 18, 2026, 6:24 PM
Decisionexact address provider quorum:2 of 2
ProviderRoleQuoteLiquidityObserved
dexscreenerprimary$0.7076$6,709,532—
defillamacorroborator$0.710101—Aug 18, 2026, 6:21 PM

Linked Vaults

Current total TVL of linked vaults. It is not asset exposure or a point-in-time loss estimate.

$24.33M
VaultCurrent TVL
Beefy frxUSD/msUSD$873.37KBeefy msUSD/FRAX/USDC$438.59KBeefy frxUSD/msUSD$377.68KMetronome msUSD$7.32MMetronome msUSD Vault$15.32M

On-Chain References

This is an off-chain market-price observation, not an exploit transaction, so there is no transaction hash for this alert.

Asset References

msUSDPrimary affected asset

Resources

DEX Screener marketDeFiLlama exact-address quote · corroborating source

Provenance & Methodology

Producerpeg-monitor
Verificationcorroborated

Exact-contract USD market-price monitoring. Score-affecting observations, public alerts, hard-fail flags, and recovery require agreement from a second exact-contract data provider; public alerts also require repeat confirmation and economic materiality.

Timeline

OccurredAug 18, 2026, 6:24 PM
DetectedAug 18, 2026, 6:24 PM
RecordedAug 18, 2026, 6:24 PM