Retained incident replay

KAS liquidity is low relative to open interest

What happened

Two-sided depth within 1% is 2.49% of open interest.

Why it matters

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

Lifecycle

• Status resolved; severity warning
• Detected 2026-07-30T08:33:34.830Z
• Current cycle 2026-09-20T12:10:41.458Z
• Resolved 2026-09-20T12:26:31.195Z

Recommended action

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

Open KAS market evidence

{
  "depth100BpsUsd": 55731.281059,
  "openInterestNotionalUsd": 2240166.2615400003,
  "adequacyPercent": 2.487818963074981,
  "thresholdPercent": 5
}