Changelog
Version history, methodology changes, and score movements across KYSC assessment updates.
Introduced v2.5 taxonomy enhancements: composition layer for wrapped/basket tokens, era-segmented track records, behavioral flags (CEX counterparty, bridged asset, active DeFi strategy), and lifecycle state adjustments. Governance scoring recalibrated with improved multi-sig detection and DAO participation metrics.
Methodology Changes
- •Composition layer: SINGLE_PARENT and WEIGHTED_BASKET inheritance for wrapped tokens and funds
- •Era-segmented track record scoring for tokens that changed mechanism (FRAX 3 eras, USDD 2 eras)
- •Behavioral flags: CEX counterparty risk, bridged asset discount, active DeFi strategy adjustment
- •Lifecycle state adjustments: RESTRICTED, IMPAIRED, WIND_DOWN component-level modifiers
- •Correlation penalty: HHI-based fund concentration penalty and unscored constituent discount
- •Confidence cascade: 0.90x per wrapper level, 0.95x for fund structures
Data Source Updates
- •Updated reserve attestation data for 12 issuers (Q4 2025 reports)
- •Added on-chain governance participation metrics for 8 DAO-governed tokens
- •Incorporated January 2026 Basel SCO60 implementation data
- •Refreshed CEX liquidity data from 6 major exchanges
Notable Coin Changes
| Coin | Delta | Note |
|---|---|---|
| sUSDe | +9 | Composition inheritance from USDe wrapper structure improved score transparency |
| USDtb | +4 | Improved reserve attestation frequency and governance disclosure |
| USDT | +3 | Improved governance posture and updated reserve attestation |
| sUSD | +3 | Synthetix V3 migration improved protocol governance scoring |
| satUSD | +3 | Enhanced on-chain health metrics from protocol maturation |
| USDS | +2 | Sky Protocol governance improvements reflected in scoring |
| BOLD | +2 | Liquity V2 track record strengthening |
| OUSG | -4 | Fund concentration penalty applied under new correlation scoring |
| GUSD | -4 | Reduced adoption signal and liquidity depth decline |
| FRAX | -3 | Era-segmented track record penalised historical algorithmic period |
| JPYC | -8 | Governance and track record downgrade following operational concerns |
| BRZ | -2 | Reduced liquidity depth on major exchanges |
Initial public release of KYSC scoring engine. 7-component weighted model covering reserve health, liquidity, governance, on-chain health, track record, yield sustainability, and adoption signal. Basel SCO60 classification and multi-jurisdiction regulatory compliance assessment.
Methodology Changes
- •7-component weighted trust scoring model
- •Basel SCO60 condition assessment (CC1-CC4)
- •Multi-jurisdiction regulatory compliance (GENIUS, MiCA, FCA, MAS, HKMA, JFSA, BCB)
- •Contagion and systemic risk analysis
- •Utility profiling across 5 use cases
Data Source Updates
- •Initial data collection from 63 stablecoins
- •Reserve attestation reports from 40+ issuers
- •On-chain data from 12 blockchain networks
- •CEX liquidity data from 8 exchanges
- •Regulatory filings and authorisation records from 7 jurisdictions