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CriticalIncident
Aug 18, 2026

pmUSD depegged 38.6% below $1 on Ethereum ($0.6136)

Chain:Ethereum
pmUSD
Active

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

What Happened

The price of pmUSD on Ethereum is currently $0.6136, 38.6% below its $1 peg target. Vaults that hold pmUSD as collateral or as the deposit asset are exposed to mark-to-market loss in proportion to their pmUSD allocation. Depositors should verify the cause (oracle, market liquidity, issuer event) before adding new capital.

Impact

Affected AssetpmUSD

Price Evidence

Observed price$0.613643
Mark-to-market proxy$158,607.782764
Tracked exposure basis$410,521.639154
Peg target$1.00
Observed drift-38.636%
VerificationCorroborated

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

Asset contract0xc0c17d…344ddf
Quote observedAug 18, 2026, 7:51 PM
Decisionexact address provider quorum:2 of 2
ProviderRoleQuoteLiquidityObserved
defillamaprimary$0.613643—Aug 18, 2026, 7:51 PM
dexscreenercorroborator$0.6144$2,176,924—

Linked Vaults

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

$802.96K
VaultCurrent TVL
Beefy pmUSD/frxUSD$240.50KBeefy pmUSD/crvUSD$562.46KBeefy OUSD/pmUSDInactive$127.03K

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

pmUSDPrimary affected asset

Resources

DeFiLlama exact-address quoteDEX Screener market · 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, 8:10 PM
DetectedAug 18, 2026, 8:10 PM
RecordedAug 18, 2026, 8:10 PM