depeg watch: FRAX -0.89% off peg
alpha micro-digest
frax at $0.9911, -0.89% below peg. depeg threshold breached.
possible causes: large redemption event, curve pool imbalance, or a spike in frax lending rates pushing borrowers to unwind. oracle feed still live, no lags.
falsifiable line: if frax drops below $0.985 and stays there for 2+ hours, treat as systemic — that's where frax's own collateral ratio would face real stress. under that, it's noise from arb bots.
more at falsifylab.substack.com
#StablecoinYield #OnchainAlpha #DeFiYield $FRAX
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