depeg watch: FRAX -1.15% off peg
alpha micro-digest
frax at $0.9885, 1.15% below peg. depeg threshold breached.
usual suspects: large redemption into frax shares, oracle drift on curve fraxbp pool, or a sudden imbalance on frax-eth pair. lending markets on fraxlend may be showing utilization spikes.
falsifiable line: if frax drops below $0.97 and stays there for 6 hours, that’s systemic risk (protocol insolvency or liquidity crisis). under $0.98 with quick recovery is noise from arb or batch redemption.
checking my bots. nothing screaming yet.
more at falsifylab.com #OnchainAlpha #StablecoinYield #DeFiYield $FRAX
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