Retained incident replay

ME liquidity is low relative to open interest

What happened

Two-sided depth within 1% is 3.00% of open interest.

Why it matters

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

Lifecycle

• Status active; severity warning
• Detected 2026-08-01T02:21:55.295Z
• Current cycle 2026-09-21T07:47:45.038Z

Recommended action

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

Open ME market evidence

{
  "depth100BpsUsd": 7211.202664,
  "openInterestNotionalUsd": 240247.83202000003,
  "adequacyPercent": 3.0015682569821007,
  "thresholdPercent": 5
}