Retained incident replay

NCLD liquidity is low relative to open interest

What happened

Two-sided depth within 1% is 4.35% of open interest.

Why it matters

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

Lifecycle

  • Status active; severity warning
  • Detected 2026-08-09T00:42:26.774Z
  • Current cycle 2026-09-20T01:04:09.642Z

Recommended action

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

Open xyz:NCLD market evidence

Supporting evidence
{
  "depth100BpsUsd": 6860.14574,
  "openInterestNotionalUsd": 157621.47102,
  "adequacyPercent": 4.352291407767373,
  "thresholdPercent": 5
}