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The Risk Explorer is a stress-testing hub that lets you simulate extreme market conditions and see how the protocol’s positions would respond. Use it to understand the protocol’s exposure before deploying capital, or to monitor systemic risk during volatile market conditions. Risk Explorer Overview

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Available simulations

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Market Risk

Single Asset Risk Explorer - Simulate a price drop in one asset and see how many accounts would become liquidatable, how much bad debt would be generated, and what the total collateral impact would be. Single Asset Risk Explorer Multi-Asset Correlated Crash - Model a scenario where multiple assets fall simultaneously (e.g. a broad market selloff). Shows the cascading effect across all positions. Multi Asset Risk Explorer

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Leverage Risk

LP Impermanent Loss Amplification - Simulate how impermanent loss in AMM LP positions amplifies leverage risk across accounts that hold LP tokens as collateral. LP Impermanent Loss Risk Explorer

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Systemic Risk

Whale Withdrawal Risk - Model the impact of a large depositor withdrawing a significant portion of liquidity from a lending pool. Shows how utilization and borrowing capacity would change. Whale Withdrawal Risk Stablecoin Depeg Simulation - Simulate a stablecoin losing its peg and see the downstream impact on accounts using it as collateral or for borrowing. Stablecoin Depeg

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Protocol Risk

Oracle Failure / Manipulation - Model an oracle price reporting incorrectly or being delayed. Shows which positions become liquidatable under incorrect price feeds and the resulting protocol risk.

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How to use

  1. Go to Analytics in the top navigation
  2. Click Risk Explorer in the sidebar
  3. Select a simulation category and scenario
  4. Adjust the input parameters (e.g. price drop %, asset selection)
  5. Click Run Simulation to see the projected impact
Each simulation shows: accounts affected, projected bad debt, total collateral at risk, and which accounts would cross liquidation thresholds.