Retained incident replay

IREN liquidity is low relative to open interest

What happened

Two-sided depth within 1% is 1.51% of open interest.

Why it matters

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

Lifecycle

• Status resolved; severity critical
• Detected 2026-07-30T12:08:45.903Z
• Current cycle 2026-09-18T08:00:08.994Z
• Resolved 2026-09-18T08:00:53.305Z

Recommended action

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

Open para:IREN market evidence

{
  "depth100BpsUsd": 10898.105819999999,
  "openInterestNotionalUsd": 721057.295,
  "adequacyPercent": 1.5114063605722203,
  "thresholdPercent": 5
}