What gets added
A token enters the Graveyard when it meets one or more of these criteria:- Circulating supply = $0 — the issuer has wound down the contract or all tokens have been burned.
- Persistent depeg — the token has traded significantly below its peg for an extended period with no recovery path.
- Issuer discontinued — the issuer has publicly deprecated the token (e.g. BUSD after Paxos stopped minting).
- Protocol collapse — the backing mechanism failed catastrophically (e.g. Terra/UST, Iron Finance).
Failure types
Column definitions
Can tokens leave the Graveyard?
Rarely. A token is reinstated to the main overview only if: the peg is fully restored with genuine market liquidity, the original protocol resumes operation (not a rebranded successor), and the supply returns to a meaningful level. In practice, once a token enters the Graveyard it stays — the data serves as a permanent historical record.Why keep tracking dead tokens?
- Historical price data from failed tokens trains and validates the depeg risk model.
- The warning signs (liquidity erosion, supply velocity, pool imbalance) appear in Graveyard tokens days to weeks before collapse — the same signals PCS monitors today.
- Total peak value destroyed ($XB+) provides context for the stakes of stablecoin risk monitoring.