Retained incident replay

LAYER liquidity is low relative to open interest

What happened

Two-sided depth within 1% is 4.00% of open interest.

Why it matters

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

Lifecycle

• Status active; severity warning
• Detected 2026-07-30T08:44:30.300Z
• Current cycle 2026-09-20T03:17:04.513Z

Recommended action

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

Open LAYER market evidence

{
  "depth100BpsUsd": 24406.688288999998,
  "openInterestNotionalUsd": 610148.20255,
  "adequacyPercent": 4.000124590549774,
  "thresholdPercent": 5
}