Risk
Depositing into d3nity dUSD V2 means underwriting risks you usually can't see: how much you could lose, whether you'd get out in time, and what would cover it.
Left to right, a deeper collateral crash. Hover any point for the scenarios that drive the loss — only a smart-contract bug reaches a total loss.
Collateral & oracles
Each token you're exposed to, and the market it backs. If that market breaks, this is how much the vault loses, in dollars and as a share of the vault. Open a row for the price feed, stress curve, and supply-cap detail. Below, the oracles those prices depend on and what is at stake if one is compromised.
Driven by yvvbUSDT $3,436 · weETH $388.22 · −100% $22,741 modeled all-to-zero bad-debt ceiling
yvvbUSDTHybridChainlink$18,47081% of vault · bad debt$18,47081% of vault$18,47081% of vault—
yvvbUSDTHybridChainlink$18,47081% of vault · bad debtMixes market and exchange-rate inputs — partial depeg insulation, partial market exposure.
- → dUSD86% LLTV0x5bcd…c9aaChainlink
weETHHybridChainlink$4,27019% of vault · bad debt$4,27019% of vault$4,27019% of vault—
weETHHybridChainlink$4,27019% of vault · bad debtMixes market and exchange-rate inputs — partial depeg insulation, partial market exposure.
- → dUSD77% LLTV0x115f…ada6Chainlink
How you could lose money
Each row is a distinct failure. Possible loss is the share of your deposit at the selected collateral drop; Worst case is the ceiling if everything goes wrong — a conditional loss if it happens, not a likelihood. Price-scaling rows move with the drop selector; the rest are fixed. Enter a deposit to see the dollar figures as your own. Open a row for conditions, mitigations, and the math.
| Full-deposit & protocol-level(2) | |||||
| 100% | $22,743 | Full deposit | Instant | ||
| 17% | $3,825 | Full deposit | Instant | ||
| Price-driven collateral stress(1) | |||||
| 17% | $3,825 | Full deposit | Instant | ||
| Oracle & liquidation failures(5) | |||||
| 17% | $3,825 | Full deposit | Instant | ||
| 17% | $3,825 | Full deposit | Instant | ||
| 17% | $3,825 | Full deposit | Instant | ||
| 17% | $3,825 | Full deposit | Instant | ||
| — | — | $0 | Instant | ||
| Vault role & allocator(3) | |||||
| — | — | Full deposit | 3 days | ||
| — | — | Full deposit | Instant | ||
| — | — | up to $11,372 | 3 days | ||
Who you're trusting
The people and processes that can change this protocol under you.
The roles that can actually move your deposit — the real principal-loss path.
Role timelock 3 days to exit before owner/curator actions land
Allocators2 · 1 contract · 1 EOAReaches deposit · instant
Moves funds between markets the curator has ALREADY approved — instantly, with NO timelock and no exit window. Cannot reach a brand-new market, but can concentrate you into an approved-but-stressed market or order withdrawals so you hit weak liquidity first.
- single key (EOA)0x75a1…780d
- contract0xffb8…0862
- Certora· 15 Dec, 2025report
- Blackthorn· 4 Dec, 2025report
- Spearbit· 4 Dec, 2025report
- Blackthorn· 15 Sep, 2025report
Protocol-wide governance: bounded context, not the path to your deposit.
MORPHO0x58D9…c2B2Every Morpho Blue market chooses an immutable oracle contract at creation; implementations can be Chainlink-like, exchange-rate, fixed-price, or custom. Failure modes: attacker-favourable price feed (covered in market-oracle-compromise) or price() revert / staleness blocking liquidations (covered in oracle-liveness-or-malfunction).
No quantified loss scenario references this dependency directly.