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

— 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.