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New to Pharos?

Chart your route through the stablecoin market

Pharos is a stablecoin risk monitoring platform. Start with one route below, learn the core terms, then branch into monitoring, research, yield, or alerts only when you need more.Pharos is a stablecoin risk monitoring platform — it watches every peg so you don’t have to. This page gives you the shortest path into the product instead of asking you to memorize the entire map first.

Skip straight to the dashboard Need the formulas instead?

Experienced users can skip this entirely. Everyone else gets the shortest path into Pharos before touching the full product map.

Choose your goal

5 routes

Pick one route. The rest can stay peripheral until you need them.

Check market health

Start with the dashboard for a live overview and current stress levels.Start with the dashboard for a live market overview, then check whether any stablecoins are drifting from their target price.

DashboardStability IndexDepeg Tracker

Open dashboard

Research one stablecoin

Open the directory, then jump to any coin's detail, safety, and liquidity.Use the directory to find any tracked stablecoin, then open its detail page for safety grades, liquidity, and risk breakdown.

DirectoryDetail pageSafety + Liquidity

Browse the directory

Compare several coins

Build a shortlist side by side, then stress-test it in portfolio view.Build a shortlist side by side and stress-test it with the portfolio view before making allocation decisions.

ComparePortfolioSafety Scores

Open compare

Find safer yield

Rank opportunities first, then verify the stablecoin before chasing APY.Start from ranked opportunities, then verify the underlying stablecoin risk instead of optimizing for APY alone.

YieldSafety ScoresCoin detail

Open yield intelligence

Set up alerts

Use Telegram for price alerts, early warnings, and daily grade changes.Use Telegram if you want Pharos to watch for price deviations, early warning shifts, and daily grade changes for you.

TelegramDepeg alertsDaily updates

Set up Telegram alerts

Skip straight to the dashboard Need the formulas instead?

Experienced users can skip this entirely. Everyone else gets the shortest path into Pharos before touching the full product map.

How to read Pharos

Learn the concepts before the acronyms.

You do not need every formula on day one. These are the terms that unlock most of the interface. For the technical model details, move to methodology.

Open methodology

Peg: The target price a stablecoin is designed to hold — usually $1 for USD stablecoins, but also EUR, GBP, gold, and other reference values.
Depeg: When a stablecoin's market price drifts away from its target. Small deviations are common; sustained or sharp moves are the danger signal.
Peg score: How tightly a stablecoin has held its target over time, including penalties for real depeg events.
DEWS: Early warning system. Detects stress building in a stablecoin before a visible depeg event occurs.
Safety score: The composite risk grade that rolls peg behavior, liquidity, resilience, decentralization, and dependency into one view.
Liquidity score: A 0-100 measure of how easily you can trade in or out of a stablecoin on-chain.
Dependency risk: How much a stablecoin depends on other stablecoins or their backing assets — hidden exposure that can cascade during stress.
PYS: Pharos Yield Score. Adjusts raw yield for the safety of the asset producing that yield.
PSI: Pharos Stability Index. The market-wide stress barometer for the whole stablecoin system.

Feature atlas

Explore the rest of Pharos by job.

Once you know where to start, this map helps you branch into the rest of the product without wandering.

Surveillance

Monitor

Use these when you want the market picture first and the narrative second.

Dashboard

Fastest live overview of the stablecoin market.

Stability Index

Market-wide stress trend and risk condition bands, updated every 15 minutes.

Depeg Tracker

Live price deviations from peg, early warning scores, and event history.

Daily Digest

Narrative recap when you want the day's story, not just the raw tables.

Telegram Alerts

Push alerts for price deviations, early warning changes, and daily digest delivery.

Stables per Chain

Stablecoin activity, supply, and dominance across chains.

Due diligence

Research

Use these when you are evaluating one asset or trying to understand what sits underneath it.

Stablecoin directory

Searchable launch point into the tracked universe and each detail page.

Safety Scores

Risk grades across all tracked stablecoins with stress-test scenarios.

DEX Liquidity

How much swap depth each stablecoin has on decentralized exchanges.

Dependency Map

Visual map of which stablecoins depend on other stablecoins or shared backing.

Upcoming Stablecoins

Pre-launch tracker with milestones and launch alerts.

Action

Operate

Use these when you are deciding, allocating, or actively monitoring flows and issuer behavior.

Compare

Side-by-side comparison for up to five assets.

Portfolio

Blended risk grade and shared-backing exposure for your own stablecoin mix.

Mint/Burn Flows

Tracks when issuers create or destroy supply, and the market pressure that follows.

Blacklist Tracker

Issuer intervention and freeze events across supported chains.

Yield Intelligence

Risk-adjusted yield rankings and warning signals.

Reference

Learn

Use these when you want the methodology, history, or context behind the live data.

Methodology

Reference manual for formulas, thresholds, and changelogs.

About

What Pharos tracks and where the data comes from.

Coverage

Per-coin feature coverage matrix showing data completeness.

Cemetery

Failure patterns from dead and discontinued stablecoins.

Power moves

Once you are oriented, speed the workflow up.

These shortcuts matter more after the first visit, but they are worth learning early because they remove a lot of friction from repeat use.

Navigation

Search fast

Press Ctrl/Cmd+K from anywhere to jump straight to a coin page or route.

Best when you already know the ticker and do not want to navigate manually.

Works from any page

Discovery

Browse by category

Use the peg, backing, and governance landing pages when you want to scan a category instead of a ticker.

Good for questions like 'show me EUR stablecoins' or 'which DeFi names are crypto-backed'.

Open the directory

Automation

Set and forget

Use Telegram when you want Pharos to keep watching after you leave the site.

Best for price deviation alerts, early warning changes, digest delivery, and daily safety-grade moves.

Configure alerts

Open the dashboard

or browse the directory