Retained incident replay

HEMI liquidity is low relative to open interest

What happened

Two-sided depth within 1% is 4.98% of open interest.

Why it matters

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

Lifecycle

  • Status active; severity warning
  • Detected 2026-07-30T08:33:34.830Z
  • Current cycle 2026-09-20T16:17:05.397Z

Recommended action

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

Open HEMI market evidence

Supporting evidence
{
  "depth100BpsUsd": 48887.149796,
  "openInterestNotionalUsd": 981817.398,
  "adequacyPercent": 4.9792507135833,
  "thresholdPercent": 5
}