depeg watch: FRAX -0.72% off peg
frax at $0.9928, -0.72% below peg. depeg threshold breached. large redemption pressure or a sudden imbalance on curve frax/3pool could explain this. oracle feeds look normal, no obvious liquidation cascade on fraxlend yet. falsifiable line: if frax drops below $0.985 and stays
frax at $0.9928, -0.72% below peg. depeg threshold breached.
large redemption pressure or a sudden imbalance on curve frax/3pool could explain this. oracle feeds look normal, no obvious liquidation cascade on fraxlend yet.
falsifiable line: if frax drops below $0.985 and stays there for 2+ hours, i’d treat it as systemic (collateral risk, not just arb noise). below that, likely just a large wallet cycling out.
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Originally published on FalsifyLab Substack.
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