Retained incident replay

ZETA liquidity is low relative to open interest

What happened

Two-sided depth within 1% is 3.69% of open interest.

Why it matters

This deterministic condition affected ZETA 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 2026-09-23T11:21:34.274Z

Recommended action

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

Open ZETA market evidence

{
  "depth100BpsUsd": 45358.73906,
  "openInterestNotionalUsd": 1229088.9206639999,
  "adequacyPercent": 3.6904359235046647,
  "thresholdPercent": 5
}