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Feather frxUSD

Risk reportPolygon0x922c…151f

Risk

Depositing into Feather frxUSD 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.

Morpho BlueVault (aggregates across markets)
How much could be lost?
37%of your deposit if collateral falls 50%Only oracle downtime or malfunction reaches a total 100%, with no warning to exit.
Can I exit?
Via underlying marketsonly governance changes give a 3-day timelock to exit — every other modeled failure is no-warning
What backs it?
No committed backstopnothing committed would cover a loss
Track record
No pool-level losses recorded36 audits, latest Dec 15, 2025

Collateral and oracle exposure

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.

If collateral prices dropper asset · no liquidations · stress estimate
est. bad debt up to 12% of deposit

Driven by BRZ −30% 7% · sPOL −30% 5% · −100% 100% modeled all-to-zero bad-debt ceiling

BRZMarket74%of vault · bad debt · $135,498

What it's made of

BRZ token page
Market· Chainlink / API3(aggregator)

Priced off live market data — a depeg moves the price and can liquidate positions.

Markets this collateral backs · 1
  • → frxUSD77% LLTV0x6b0f…464cChainlink / API3
Aggregate Collateral Trust (ACT):—2 vaultsToken:0x4ed1…75dcAllocation: 74% of the vault · $135,498

If it breaks

−30% default
At −30%:est. bad debt up to 7% of depositUses 1 market LLTV curve · capped at allocation $135,498 · drag to set this asset's drop
sPOLMarket26%of vault · bad debt · $48,239

What it's made of

sPOL token page
Market· RedStone / Chainlink(aggregator)

Priced off live market data — a depeg moves the price and can liquidate positions.

Markets this collateral backs · 1
  • → frxUSD86% LLTV0x3042…0cecRedStone / Chainlink
Aggregate Collateral Trust (ACT):$02 vaultsToken:0xd1cd…ecd7Allocation: 26% of the vault · $48,239

If it breaks

−30% default
At −30%:est. bad debt up to 5% of depositUses 1 market LLTV curve · capped at allocation $48,239 · drag to set this asset's drop

+2 markets with no current position

Updated 55min agoSources:on-chain reads via @defillama/sdkhttps://hub.snapshot.org/graphqlhttps://api.morpho.org/graphql