Retained incident replay

UMA liquidity is low relative to open interest

What happened

Two-sided depth within 1% is 4.87% of open interest.

Why it matters

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

Lifecycle

  • Status resolved; severity warning
  • Detected 2026-07-31T07:54:02.674Z
  • Current cycle 2026-09-24T06:24:20.493Z
  • Resolved 2026-09-24T06:25:02.373Z

Recommended action

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

Open UMA market evidence

Supporting evidence
{
  "depth100BpsUsd": 18247.854346,
  "openInterestNotionalUsd": 375064.39249999996,
  "adequacyPercent": 4.86525906241553,
  "thresholdPercent": 5
}