Retained incident replay

kPEPE liquidity is low relative to open interest

What happened

Two-sided depth within 1% is 3.33% of open interest.

Why it matters

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

Lifecycle

• Status active; severity warning
• Detected 2026-08-19T15:28:15.368Z
• Current cycle 2026-09-24T01:44:35.164Z

Recommended action

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

Open kPEPE market evidence

{
  "depth100BpsUsd": 1317762.8855370001,
  "openInterestNotionalUsd": 39616025.579,
  "adequacyPercent": 3.326337930868893,
  "thresholdPercent": 5
}