depeg watch: FRAX -0.62% off peg

frax at $0.9938, -0.62% below peg. depeg threshold breached. likely cause: large redemption pressure on curve frax/3crv pool. oracle feed still intact. no exchange imbalance flagged yet. falsifiable line: if frax drops below $0.985, that’s systemic risk (collateral run). above

frax at $0.9938, -0.62% below peg. depeg threshold breached.

likely cause: large redemption pressure on curve frax/3crv pool. oracle feed still intact. no exchange imbalance flagged yet.

falsifiable line: if frax drops below $0.985, that’s systemic risk (collateral run). above that, treat as noise from normal arb.

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Originally published on FalsifyLab Substack.


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