Pharos

Pharos Sees Everything: honest classification, peg tracker. safety ratings, portofolio review, depeg warning system & more. By @TokenBrice & @Ikebillion_

[Pharos @PharosWatch]

Stablecoin security should not sit behind a paywall. That is the conviction Pharos was built on.

What started as a side project by @TokenBrice has become a daily resource for stablecoin users, researchers, and builders across DeFi. In less than two months, Pharos grew to track 205 stablecoins across every major chain, and it has stayed completely free.

During the USR incident, our depeg warning system flagged the risk early. Users who saw it avoided what came next. That is what Pharos exists to do.

Keeping that kind of infrastructure free and independent comes at a cost. Right now, @TokenBrice covers the gap directly out of pocket.

That is why we have opened a public funding page.

You can donate directly via wallet or through Giveth, which also supports recurring donations. Every contribution appears publicly on our donor wall. The funding page shows exactly where every dollar goes. No hidden costs, no surprises.

Our goal is to be fully self-funded by end of 2026. The core dashboard will always remain free. Future paid surfaces will cover high-frequency and heavy API usage only, so the tool that matters most to everyday users stays accessible to everyone.

Pharos exists to make stablecoin security visible to everyone. If that matters to you, here is how to help keep it that way.

[Pharos @PharosWatch]

apxUSD Earns Its ALERT (#99)

$APXUSD: 147 bps off peg, DEWS jumped to ALERT, 26.51% APY against a 19.57% baseline, TVL leaving. Three stress vectors on $491M of float. 175 bps is the next line.

[Pharos @PharosWatch]

@Ikebillion_ @Ceazor7 👀

[Pharos @PharosWatch]

Gauge Inverts, PSI Yawns (#98)

Bank Run Gauge fell from +4.3 to -49.7 overnight as Ethereum lost $522.72M net; PSI held BEDROCK for the 70th day. One of those two readings is wrong about tomorrow.

[Pharos @PharosWatch]

@svobodamichael @LiquityProtocol @SamExotic3 @jchaskin22 When a stablecoin is rated highest on Pharos, the public deserves to pay attention to know why. 🔥

[Pharos @PharosWatch]

June started with 11 active depegs.
Our Depeg Duration Resolver predicts just one of those will recover.

The DDR analyzes recovery chances and estimated duration for every confirmed depeg event on Pharos. So far it has a 100% success rate in calling which depegs recover and which do not.

When the model says a stablecoin is not coming back, it has not been wrong yet.

[Pharos @PharosWatch]

@Ikebillion_ @Nomaticcap @DeFi_Dad @TokenBrice 👀🔥

[Pharos @PharosWatch]

@Ceazor7 👀

[Pharos @PharosWatch]

The Depeg Resolver just went live. Here is what else dropped this week:

- Depeg Resolver (DDR/DDRR)
Now public at /depeg and on every individual coin page. DDR predicts how long an active depeg will last with sticky locked forecasts and a verdict band. DDRR scores how well past predictions held up, giving you a track record to evaluate confidence over time. Pharos does not just flag depegs. It now models them.

- GENIUS Act Tracker
A new GENIUS Act compliance tracker launches alongside the existing MiCA tracker. Pharos now maps stablecoin compliance across both major regulatory frameworks in real time. The MiCA tracker has also been tightened to keep deliberately undefined coins distinct from unassessed ones.

- New Pre-Launch Additions
Tenbin Gold (tGLD), a synthetic gold debt-note backed by a CME futures basket, and GEL₮, @tether's pre-launch Georgian Lari stablecoin, join the pre-launch list. The weekly sweep also tracks Flipcash's launch and USDPT.

- Data Audit and Remediation
A two-pass data audit recovers crvUSD and Reservoir reserve breakers, realigns USG, HLUSD, JPYC, and YUSD, and pins StablR's EURR and USDR multisig exploit to the historical record.

- Design and Infrastructure
Card accents flatten across the dashboard for a cleaner visual baseline. Cron cache helpers centralized. Depeg resolver and DEWS retries hardened. Several large surfaces split into smaller focused modules for faster loading.

[Pharos @PharosWatch]

Four Pools, One Direction (#97)

$USDS dropped 8 liquidity points on $8.82B mcap, PYUSD shed 8 on $3.04B, RLUSD fell 10 on $1.70B. The model is reading second-tier pool stress across $14.9B, not capital flight. Next trigger: USDA crossing 200 bps off peg.

[Pharos @PharosWatch]

You can find the full changelog here: https://t.co/n5HqPcAI6X

[Pharos @PharosWatch]

SyrupUSDC Gains Depth Mid-Burn (#96)

$SYRUPUSDC's liquidity score climbed 46 to 60 while $8.26M burned and mint pressure scored -100; FDUSD inverted, score dropped 42 to 24 on fresh TVL.

[Pharos @PharosWatch]

Explore our Stablecoin Cemetry here: https://t.co/DmoBuhuvFA

[Pharos @PharosWatch]

92 stablecoins. All documented.
Our Stablecoin Cemetery documents every fallen stablecoin, what caused the collapse, and what builders and users can learn from each one.

Great dive by @joejoedefi

[JoeJoe @joejoedefi]

稳定币墓园 🥶🥶🥶

截止目前，已经有 92座墓碑了！触目惊心 🫣
2026年 至今 14座墓碑
2025年 20座墓碑
2024年 20座墓碑
2023年 18座墓碑
2022年 14座墓碑
18～21年 6座墓碑

耳熟能详的有 Resolv 推出的 $RUSR、Angle推出的 $EURA、Elixir推出的 $deUSD、YU推出的 $YU ...
另外，有好多没听过的...是我孤陋寡闻了

嘎掉的原因也是多种多样：
算法故障、资金被盗、主动弃盘、监管、流动性崩溃...
开了眼了！

有些墓碑是‘友好’长眠，例如 $BUSD
但绝大部分墓碑下，都陪葬着无数投资者的血汗

前事不忘后事之师
期望之后的稳定币项目方能以史为鉴，吸取经验教训，在产品设计、合约审计、风险披露和流动性管理上做到更加严谨和透明
希望你们在推出下一个产品前，能真正问自己：这个机制是否经得起极端市场考验？是否对得起信任你们的每一位持有者/投资者？
对用户负责，才是对自己负责
～～～～～～

这里查看 @PharosWatch 完整墓碑 名单：https://t.co/zcVN2A8Ksu
感谢 @0xDarkstar 好兄弟提供信息源

[Pharos @PharosWatch]

U's Pool Carries A Billion (#95)

$U's liquidity score fell from 55 to 33 on a $21K TVL move, with $1.07B market cap sitting above the pool. Watch USDA at 225 bps and PSI at 93.

[Pharos @PharosWatch]

If you missed the first edition of Inside The Lighthouse, you can catch up here:
https://t.co/CGRXKnp1pe

[Pharos @PharosWatch]

Only 3 stablecoins out of 360 currently hold an A-tier rating on Pharos.

Here is exactly what it takes to earn one. 🧵

[Pharos @PharosWatch]

Only 0.031% of the tracked stablecoin market is truly unfreezable.

$3.96B has been frozen. $892.75M has already been destroyed or confiscated.

Inside the Lighthouse #2: How Pharos maps freeze risk, and why you are more exposed than you think. 🧵

[Pharos @PharosWatch]

Most users assume their stablecoin is safe because it has not been frozen yet.

That is not the same as it being unfreezable.
Pharos maps the difference. FreezeWatch tracks every freeze event in real time. The Dependency Map surfaces upstream exposure most platforms never show.

The freeze line exists. Most platforms do not show you where you stand on it, but The Lighthouse sees everything.

Explore FreezeWatch and all 400 stablecoins on Pharos: https://t.co/VdSOxAQoSQ