frax at $0.9924, -0.76% below peg. threshold breached.

likely cause: large redemption pressure or a swap imbalance on curve. frax uses a partially algorithmic mechanism, so a sudden shift in the collateral ratio or a large fxsfrax arb could push it this far. no oracle failure flagged yet.

falsifiable: if frax stays below $0.99 for more than 4 hours, treat as systemic risk. if it snaps back within 1 hour, it’s noise.

more at falsifylab.substack.com

#OnchainAlpha #StablecoinYield #DeFiYield $FRAX

— research and educational content. not investment, legal, or tax advice. do your own research. positions and views may change without notice.

Originally published on FalsifyLab Substack.