Retained incident replay

NBIS liquidity is low relative to open interest

What happened

Two-sided depth within 1% is 3.50% of open interest.

Why it matters

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

Lifecycle

  • Status active; severity warning
  • Detected 2026-09-04T15:04:51.315Z
  • Current cycle 2026-09-21T16:20:42.309Z

Recommended action

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

Open io:NBIS market evidence

Supporting evidence
{
  "depth100BpsUsd": 354878.4449,
  "openInterestNotionalUsd": 10148447.51,
  "adequacyPercent": 3.4968742218976114,
  "thresholdPercent": 5
}