depeg watch: FRAX -1.01% off peg
alpha micro-digest
frax at $0.9899, -1.01% below peg. depeg threshold breached.
possible causes: large redemption event on fraxswap, oracle lag on fraxeth curve pool, or a temporary imbalance from a big swap on uniswap v3. frax has a partial collateral model (frax v2) which can amplify moves during stress.
falsifiable threshold: if frax drops below $0.98 and stays there for more than 1 hour, treat as systemic risk (collateral backing may be insufficient). below $0.985 for <30 min is noise.
monitor the amm pools and the frax price oracle. if it snaps back fast, it's nothing.
more at falsifylab.com #OnchainAlpha #StablecoinYield #DeFiYield $FRAX
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