Retained incident replay

STABLE liquidity is low relative to open interest

What happened

Two-sided depth within 1% is 4.92% of open interest.

Why it matters

This deterministic condition affected STABLE 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 2026-10-05T22:02:34.627Z

Recommended action

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

Open STABLE market evidence

{
  "depth100BpsUsd": 35875.745649000004,
  "openInterestNotionalUsd": 729399.0547999999,
  "adequacyPercent": 4.918534705098717,
  "thresholdPercent": 5
}