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Peg Risk Brief

Is xSHIN depegged?

No. xSHIN is holding its peg. Pegana's current read is −0.04% from intrinsic value, inside its calibrated drift band. Shinobi Performance Pool Token (xSHIN) last traded at $122.87 against an intrinsic value of $122.83, as of .

xSHIN is a Solana liquid staking token. It has no fixed $1 peg. Its intrinsic value is the underlying stake pool's SOL-per-share rate, so Pegana measures it against that NAV rather than against a dollar. Pegana computes xSHIN’s intrinsic value from its peg mechanism and compares it against the best executable market quote. The spread is smoothed, classified against xSHIN’s own calibrated thresholds with hysteresis, and every state change emits a public receipt that anyone can re-derive byte-for-byte with the open-source methodology crate.

Last verified Oct 22, 2026, 09:22 UTC
xSHIN peg state · Pegana