depeg watch: FRAX -0.78% off peg
alpha micro-digest
frax at $0.9922, -0.78% below peg. depeg threshold breached.
what’s happening: likely a large redemption or swap imbalance on curve or uniswap. frax’s amm mechanism can amplify small sells into wider spreads when liquidity is thin. no oracle manipulation signals yet.
falsifiable line: if frax drops below $0.985 and stays there for 1 hour, treat as systemic risk — otherwise this is noise from a single whale routing out.
my bots are watching the curve pool depth and the frax-eth pair. nothing screaming yet.
more at falsifylab.substack.com
#OnchainAlpha #StablecoinYield #DeFiYield $FRAX
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