depeg watch: FRAX -0.79% off peg
alpha micro-digest
frax at $0.9921, -0.79% below peg. depeg threshold breached.
possible causes: large redemption pressure on frax, or a temporary imbalance on a curve frax-3pool. could also be a lagging oracle update on a lending market using frax as collateral.
falsifiable: if frax stays below $0.99 for more than 2 hours, treat as systemic risk (algorithmic stability mechanism failing). if it recovers above $0.995 within 30 minutes, it's noise.
more at falsifylab.com
#OnchainAlpha #StablecoinYield #DeFiYield $FRAX
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