Stress and exposure modeling

Bad-debt, liquidation, and exit-liquidity scenarios.

The MVP stress model is deterministic and transparent. It combines reviewed asset exposure, market utilization, collateral type buffers, redemption delays, and bridge-pause assumptions.

local fallback

Scenario

LRT slashing and withdrawal delay

lrt-slashing

Bad debt at risk

$241.8M

After collateral buffers and utilization factors.

Liquidation at risk

$1.01B

Shock-adjusted exposure across mapped markets.

Exit liquidity gap

$5.42B

Liquidity haircut, delay, and bridge-pause effects.

Scenario selector

Prebuilt Phase 4 stress views from the brief.

10% broad price shockshock 10% · liquidity haircut 20% · delay 1d 30% collateral drawdownshock 30% · liquidity haircut 45% · delay 3d 50% liquidation stressshock 50% · liquidity haircut 65% · delay 7d Stablecoin 3% depegshock 3% · liquidity haircut 35% · delay 5d LRT slashing and withdrawal delayshock 15% · liquidity haircut 55% · delay 14dselected Bridge pause and cross-chain exit haltshock 8% · liquidity haircut 60% · delay 10d

Scenario output

Rows are sorted by modeled bad debt plus exit-liquidity gap.

Severity	Asset	Type	Exposure	Markets	Max cap utilization	Bad debt at risk	Liquidation at risk	Exit liquidity gap
high	weETH	lrt	$3.10B	11	86.0%	$96.0M	$399.9M	$2.15B
high	eETH	lrt	$2.80B	2	84.0%	$84.7M	$352.8M	$1.90B
high	ezETH	lrt	$1.10B	2	84.0%	$33.3M	$138.6M	$745.4M
critical	rsETH	lrt	$900.0M	4	86.0%	$27.9M	$116.1M	$624.4M