Retained incident replay

AXS liquidity is low relative to open interest

What happened

Two-sided depth within 1% is 4.50% of open interest.

Why it matters

This deterministic condition affected AXS on native. It is evidence to review, not proof that a loss or manipulation occurred.

Lifecycle

  • Status resolved; severity warning
  • Detected 2026-07-31T01:52:42.851Z
  • Current cycle 2026-09-19T23:43:30.956Z
  • Resolved 2026-09-19T23:44:56.621Z

Recommended action

Compare the current oracle, mark, liquidity, funding, exposure, coverage, and freshness before changing a position or operating decision.

Open AXS market evidence

Supporting evidence
{
  "depth100BpsUsd": 20182.607709999997,
  "openInterestNotionalUsd": 448265.402,
  "adequacyPercent": 4.50237908612898,
  "thresholdPercent": 5
}