Stablecoins in DeFi: Backing, Redemption, and Depeg Risk
Look beyond a stable price target to examine reserves, collateral, redemption access, network identity, and exit routes.
Reading collection / DeFi Field Notes
Collateral.
Examine what supports a claim or borrowing position and what happens when that support changes. The same word can appear in lending and stablecoin design, but its precise role depends on the system.
Use the worked lending model to separate borrowed value from liquidation-adjusted collateral. Then inspect how a stablecoin uses backing and how a protocol review checks related dependencies. Keep market price, redemption rights, and protocol thresholds as separate fields in your notes. A strong-looking ratio does not eliminate operational or contract risk, and real parameters require verification for the exact deployment.
Use the linked guides below for worked explanations, source references, and connected reading. Keep the glossary open when a term needs a definition, and review the limitations of educational material before applying an example to a real position.
3 connected guides
DeFi Lending: Collateral, Health Factor, and Liquidation
Model how debt and collateral affect a lending position, then plan for interest, liquidity constraints, and repayment.
A DeFi Risk Checklist: Contracts, Controls, and Exits
Build an evidence-based review of protocol identity, upgrades, audits, dependencies, reward sources, and withdrawal mechanics.