Retained incident replay

USUAL liquidity is low relative to open interest

What happened

Two-sided depth within 1% is 4.08% of open interest.

Why it matters

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

Lifecycle

  • Status resolved; severity warning
  • Detected 2026-08-19T15:28:15.368Z
  • Current cycle 2026-09-19T22:47:12.589Z
  • Resolved 2026-09-19T22:47:55.775Z

Recommended action

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

Open USUAL market evidence

Supporting evidence
{
  "depth100BpsUsd": 18019.371753,
  "openInterestNotionalUsd": 441594.7359899999,
  "adequacyPercent": 4.08052231705227,
  "thresholdPercent": 5
}