Retained incident replay

AZTEC liquidity is low relative to open interest

What happened

Two-sided depth within 1% is 4.16% of open interest.

Why it matters

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

Lifecycle

• Status active; severity warning
• Detected 2026-07-30T11:21:02.512Z
• Current cycle 2026-09-21T15:47:05.764Z

Recommended action

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

Open AZTEC market evidence

{
  "depth100BpsUsd": 48048.87549599999,
  "openInterestNotionalUsd": 1154657.409276,
  "adequacyPercent": 4.161310108954991,
  "thresholdPercent": 5
}