Retained incident replay

SOPH liquidity is low relative to open interest

What happened

Two-sided depth within 1% is 3.25% of open interest.

Why it matters

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

Lifecycle

  • Status active; severity warning
  • Detected 2026-08-16T21:56:58.798Z
  • Current cycle 2026-09-20T05:34:00.504Z

Recommended action

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

Open SOPH market evidence

Supporting evidence
{
  "depth100BpsUsd": 18803.684169,
  "openInterestNotionalUsd": 579137.24526,
  "adequacyPercent": 3.2468442192071767,
  "thresholdPercent": 5
}