CASE-04 · 25 min
A dependency chain across four protocols
Type of case study: Constructed scenario with invented figures. No real incident, no real protocol.
Scenario
A portfolio holds three apparently independent positions: a lending market on chain A, a DEX pool on chain B and a yield product on chain A. All three use the same stablecoin, and the chain B position uses a bridged form of it.
Data
- Positions
- 3, across 2 chains, at 3 protocols
- Shared stablecoin
- in all 3 positions
- Bridge in the path
- in 1 position
- Shared oracle provider
- in 2 positions
Questions
How many mutually independent risks does this portfolio actually hold?
What presentation would make this structure visible to an investment committee?
Analysis dimensions exercised
Institutional perspectives
Asset management · Insurance · Bank