depeg watch: FRAX -0.86% off peg
frax $0.9914, -0.86% below peg. depeg threshold breached.
large redemption pressure from curve fraxbp pool. oracle feed still live, no freeze. some arb bots stepping in to buy the dip on binance, but the spread is sticky.
falsifiable: if frax stays below $0.985 for >2 hours, i treat it as systemic (collateral or algorithm stress). if it recovers above $0.995 within 30 min, just noise from a whale unwind.
follow for daily on-chain + yield alpha. full scanner in paid digest →
#OnchainAlpha #StablecoinYield #DeFiYield $FRAX
Originally published on FalsifyLab Substack.
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