Large holder flow into Curve-Fi/ethereum pushed modeled impact on WETH to 38 bps.


Aave-V3 liquidity on optimism compressed to a normal band while WBTC collateral repriced under stress.


Governance concentration at Synthetix/optimism coincided with elevated congestion and treasury-adjacent risk for USDC.


Funding and basis pressure on Drift/solana drove open-interest change of 35.03% for SOL.


Bridge delay on ethereum rose to 496s, distorting exit routing for WETH on Aave-V3.


Bridge delay on arbitrum rose to 517s, distorting exit routing for USDC on Uniswap-V3.


LST basis on Lido/ethereum for stETH drifted 163 bps during redemption stress.


Bridge delay on arbitrum rose to 288s, distorting exit routing for USDC on Aave-V3.


Cross-venue liquidity for WBTC on Uniswap-V3/arbitrum fragmented with 174 bps expected impact.


Large holder flow into Uniswap-V3/ethereum pushed modeled impact on WETH to 74 bps.


Curve-Fi liquidity on arbitrum compressed to a normal band while stETH collateral repriced under stress.


Borrow utilization shock at Aave-V3/arbitrum forced collateral repricing against WETH under normal liquidity.


Large holder flow into Uniswap-V3/optimism pushed modeled impact on WETH to 155 bps.


Cross-venue liquidity for USDC on Drift/solana fragmented with 42 bps expected impact.


Redemption pressure in Curve-Fi/ethereum destabilized USDC liquidity with venue divergence 74 bps.


Redemption pressure in Jupiter/solana destabilized SOL liquidity with venue divergence 270 bps.


Cross-venue liquidity for USDC on Curve-Fi/optimism fragmented with 229 bps expected impact.


Borrow utilization shock at Kamino/solana forced collateral repricing against USDC under normal liquidity.


Governance concentration at Aave-V3/arbitrum coincided with elevated congestion and treasury-adjacent risk for USDC.


Redemption pressure in Jupiter/solana destabilized SOL liquidity with venue divergence 65 bps.


Cross-venue liquidity for USDC on Jupiter/solana fragmented with 151 bps expected impact.


Redemption pressure in Curve-Fi/ethereum destabilized WETH liquidity with venue divergence 137 bps.


Curve-Fi liquidity on arbitrum compressed to a fragile band while WETH collateral repriced under stress.


Curve-Fi liquidity on optimism compressed to a thin band while USDC collateral repriced under stress.


Funding and basis pressure on Drift/solana drove open-interest change of 11.43% for SOL.


Curve-Fi liquidity on arbitrum compressed to a thin band while USDC collateral repriced under stress.


Cross-venue liquidity for USDC on Uniswap-V3/arbitrum fragmented with 188 bps expected impact.


Redemption pressure in Curve-Fi/ethereum destabilized WETH liquidity with venue divergence 325 bps.


Large holder flow into Uniswap-V3/ethereum pushed modeled impact on USDC to 214 bps.


Redemption pressure in Uniswap-V3/ethereum destabilized USDC liquidity with venue divergence 116 bps.


Borrow utilization shock at Aave-V3/optimism forced collateral repricing against USDC under deep liquidity.


Governance concentration at Aave-V3/ethereum coincided with elevated congestion and treasury-adjacent risk for USDC.


Funding and basis pressure on GMX/arbitrum drove open-interest change of -1.84% for WETH.


MakerDAO liquidity on ethereum compressed to a deep band while WBTC collateral repriced under stress.


Governance concentration at Aave-V3/arbitrum coincided with elevated congestion and treasury-adjacent risk for WBTC.


Bridge delay on optimism rose to 652s, distorting exit routing for WETH on Uniswap-V3.


MakerDAO liquidity on ethereum compressed to a normal band while USDC collateral repriced under stress.


Funding and basis pressure on GMX/arbitrum drove open-interest change of 5.34% for WBTC.


Governance concentration at Curve-Fi/optimism coincided with elevated congestion and treasury-adjacent risk for USDC.


Borrow utilization shock at Aave-V3/arbitrum forced collateral repricing against USDC under normal liquidity.


Governance concentration at Curve-Fi/optimism coincided with elevated congestion and treasury-adjacent risk for WETH.


Redemption pressure in Uniswap-V3/ethereum destabilized WETH liquidity with venue divergence 267 bps.


Cross-venue liquidity for USDC on Orca/solana fragmented with 40 bps expected impact.


Cross-venue liquidity for USDC on Jupiter/solana fragmented with 41 bps expected impact.


Large holder flow into Curve-Fi/arbitrum pushed modeled impact on USDC to 64 bps.


Large holder flow into Uniswap-V3/ethereum pushed modeled impact on WETH to 211 bps.


Redemption pressure in Jupiter/solana destabilized SOL liquidity with venue divergence 295 bps.


LST basis on Kamino/solana for mSOL drifted 383 bps during redemption stress.


LST basis on Marinade/solana for SOL drifted 64 bps during redemption stress.


Redemption pressure in Curve-Fi/ethereum destabilized USDC liquidity with venue divergence 331 bps.


Cross-venue liquidity for WETH on Curve-Fi/arbitrum fragmented with 320 bps expected impact.


Aave-V3 liquidity on arbitrum compressed to a normal band while USDC collateral repriced under stress.


Bridge delay on ethereum rose to 153s, distorting exit routing for USDC on MakerDAO.


Cross-venue liquidity for WETH on Uniswap-V3/arbitrum fragmented with 224 bps expected impact.


Borrow utilization shock at MakerDAO/ethereum forced collateral repricing against WETH under deep liquidity.


LST basis on Lido/ethereum for WETH drifted 136 bps during redemption stress.


Large holder flow into Meteora/solana pushed modeled impact on mSOL to 74 bps.


Aave-V3 liquidity on arbitrum compressed to a normal band while WBTC collateral repriced under stress.


Borrow utilization shock at Aave-V3/arbitrum forced collateral repricing against USDC under deep liquidity.


Aave-V3 on optimism saw stale pricing on stETH; oracle age 2785s and venue divergence 317 bps.


LST basis on Kamino/solana for JitoSOL drifted 326 bps during redemption stress.


Funding and basis pressure on GMX/arbitrum drove open-interest change of 13.43% for WETH.


Cross-venue liquidity for USDC on Uniswap-V3/ethereum fragmented with 99 bps expected impact.


Aave-V3 liquidity on arbitrum compressed to a fragile band while USDC collateral repriced under stress.


Redemption pressure in Uniswap-V3/ethereum destabilized USDC liquidity with venue divergence 384 bps.


Aave-V3 on ethereum saw stale pricing on WBTC; oracle age 3140s and venue divergence 165 bps.


Borrow utilization shock at Aave-V3/arbitrum forced collateral repricing against WBTC under thin liquidity.


Governance concentration at Aave-V3/arbitrum coincided with elevated congestion and treasury-adjacent risk for USDC.


Bridge delay on optimism rose to 318s, distorting exit routing for WBTC on Aave-V3.


Cross-venue liquidity for USDC on Curve-Fi/ethereum fragmented with 81 bps expected impact.


Redemption pressure in Curve-Fi/ethereum destabilized WETH liquidity with venue divergence 345 bps.


Borrow utilization shock at MakerDAO/ethereum forced collateral repricing against WETH under thin liquidity.


Borrow utilization shock at Kamino/solana forced collateral repricing against USDC under deep liquidity.


Governance concentration at Curve-Fi/optimism coincided with elevated congestion and treasury-adjacent risk for USDC.


Redemption pressure in Curve-Fi/ethereum destabilized WETH liquidity with venue divergence 270 bps.


Governance concentration at Curve-Fi/optimism coincided with elevated congestion and treasury-adjacent risk for WETH.


Bridge delay on arbitrum rose to 184s, distorting exit routing for WETH on Uniswap-V3.


Governance concentration at MakerDAO/ethereum coincided with elevated congestion and treasury-adjacent risk for USDC.


Funding and basis pressure on Drift/solana drove open-interest change of 25.04% for SOL.


Aave-V3 liquidity on optimism compressed to a normal band while WBTC collateral repriced under stress.


Borrow utilization shock at Kamino/solana forced collateral repricing against SOL under normal liquidity.


Redemption pressure in Jupiter/solana destabilized SOL liquidity with venue divergence 336 bps.


Governance concentration at Aave-V3/ethereum coincided with elevated congestion and treasury-adjacent risk for WBTC.


Redemption pressure in Orca/solana destabilized SOL liquidity with venue divergence 79 bps.


Cross-venue liquidity for USDC on Curve-Fi/ethereum fragmented with 15 bps expected impact.


Uniswap-V3 on ethereum saw stale pricing on WETH; oracle age 3383s and venue divergence 335 bps.


Governance concentration at Aave-V3/optimism coincided with elevated congestion and treasury-adjacent risk for WETH.


Aave-V3 on ethereum saw stale pricing on stETH; oracle age 3343s and venue divergence 42 bps.


Uniswap-V3 on ethereum saw stale pricing on stETH; oracle age 3901s and venue divergence 370 bps.


LST basis on Lido/ethereum for WETH drifted 66 bps during redemption stress.


Aave-V3 liquidity on optimism compressed to a normal band while WETH collateral repriced under stress.


Borrow utilization shock at Aave-V3/optimism forced collateral repricing against USDC under normal liquidity.


Bridge delay on optimism rose to 258s, distorting exit routing for WETH on Uniswap-V3.


Curve-Fi liquidity on ethereum compressed to a normal band while stETH collateral repriced under stress.


Borrow utilization shock at Kamino/solana forced collateral repricing against USDC under thin liquidity.


Uniswap-V3 on ethereum saw stale pricing on USDC; oracle age 2915s and venue divergence 191 bps.


Funding and basis pressure on GMX/arbitrum drove open-interest change of 14.52% for WBTC.


Funding and basis pressure on Drift/solana drove open-interest change of 1.04% for USDC.


Funding and basis pressure on GMX/arbitrum drove open-interest change of 22.86% for USDC.


Uniswap-V3 on ethereum saw stale pricing on WBTC; oracle age 142s and venue divergence 217 bps.


Bridge delay on arbitrum rose to 483s, distorting exit routing for WETH on Uniswap-V3.


LST basis on Marinade/solana for mSOL drifted 222 bps during redemption stress.


Cross-venue liquidity for USDC on Jupiter/solana fragmented with 46 bps expected impact.


Uniswap-V3 on optimism saw stale pricing on stETH; oracle age 3707s and venue divergence 431 bps.


Redemption pressure in Jupiter/solana destabilized SOL liquidity with venue divergence 185 bps.


Aave-V3 liquidity on arbitrum compressed to a normal band while WBTC collateral repriced under stress.


Curve-Fi liquidity on ethereum compressed to a normal band while USDC collateral repriced under stress.


Funding and basis pressure on GMX/arbitrum drove open-interest change of 13.4% for WETH.


Borrow utilization shock at Aave-V3/arbitrum forced collateral repricing against USDC under fragile liquidity.


LST basis on Lido/ethereum for WETH drifted 244 bps during redemption stress.


Curve-Fi liquidity on ethereum compressed to a normal band while stETH collateral repriced under stress.


Governance concentration at MakerDAO/ethereum coincided with elevated congestion and treasury-adjacent risk for WBTC.


Bridge delay on arbitrum rose to 244s, distorting exit routing for USDC on Aave-V3.


Cross-venue liquidity for USDC on Orca/solana fragmented with 216 bps expected impact.


Borrow utilization shock at Aave-V3/optimism forced collateral repricing against USDC under thin liquidity.


Borrow utilization shock at Kamino/solana forced collateral repricing against USDC under fragile liquidity.


Large holder flow into Meteora/solana pushed modeled impact on mSOL to 139 bps.


Aave-V3 liquidity on arbitrum compressed to a normal band while stETH collateral repriced under stress.


Borrow utilization shock at Aave-V3/optimism forced collateral repricing against WETH under normal liquidity.


Bridge delay on optimism rose to 298s, distorting exit routing for USDC on Uniswap-V3.


Redemption pressure in Curve-Fi/ethereum destabilized WETH liquidity with venue divergence 201 bps.


Aave-V3 on optimism saw stale pricing on WETH; oracle age 3203s and venue divergence 64 bps.


Bridge delay on optimism rose to 24s, distorting exit routing for USDC on Aave-V3.


Funding and basis pressure on Drift/solana drove open-interest change of 19.91% for USDC.


Large holder flow into Uniswap-V3/optimism pushed modeled impact on WBTC to 67 bps.


LST basis on Lido/ethereum for WETH drifted 158 bps during redemption stress.


Bridge delay on optimism rose to 438s, distorting exit routing for WBTC on Aave-V3.


Redemption pressure in Curve-Fi/ethereum destabilized USDC liquidity with venue divergence 297 bps.


Aave-V3 liquidity on ethereum compressed to a thin band while stETH collateral repriced under stress.


Redemption pressure in Curve-Fi/ethereum destabilized WETH liquidity with venue divergence 233 bps.


Large holder flow into Uniswap-V3/ethereum pushed modeled impact on WBTC to 107 bps.


Aave-V3 liquidity on arbitrum compressed to a normal band while WETH collateral repriced under stress.


Bridge delay on optimism rose to 37s, distorting exit routing for USDC on Uniswap-V3.


Aave-V3 on ethereum saw stale pricing on WETH; oracle age 3689s and venue divergence 378 bps.


Bridge delay on ethereum rose to 513s, distorting exit routing for WBTC on MakerDAO.


Funding and basis pressure on Drift/solana drove open-interest change of -0.66% for SOL.


Large holder flow into Jupiter/solana pushed modeled impact on USDC to 65 bps.


Redemption pressure in Curve-Fi/ethereum destabilized USDC liquidity with venue divergence 483 bps.


Funding and basis pressure on Drift/solana drove open-interest change of 17.2% for SOL.


Borrow utilization shock at Aave-V3/arbitrum forced collateral repricing against USDC under normal liquidity.


Large holder flow into Jupiter/solana pushed modeled impact on USDC to 222 bps.


Funding and basis pressure on GMX/arbitrum drove open-interest change of 7.1% for USDC.


Bridge delay on arbitrum rose to 417s, distorting exit routing for WBTC on Uniswap-V3.


Uniswap-V3 on ethereum saw stale pricing on stETH; oracle age 87s and venue divergence 56 bps.


Bridge delay on ethereum rose to 64s, distorting exit routing for WBTC on Uniswap-V3.


Aave-V3 liquidity on ethereum compressed to a normal band while WETH collateral repriced under stress.


Bridge delay on optimism rose to 220s, distorting exit routing for USDC on Aave-V3.


Funding and basis pressure on GMX/arbitrum drove open-interest change of -0.64% for WETH.


Governance concentration at Aave-V3/optimism coincided with elevated congestion and treasury-adjacent risk for WBTC.


Borrow utilization shock at Aave-V3/arbitrum forced collateral repricing against WETH under deep liquidity.


Bridge delay on arbitrum rose to 380s, distorting exit routing for WBTC on Aave-V3.


Cross-venue liquidity for USDC on Curve-Fi/arbitrum fragmented with 185 bps expected impact.


Borrow utilization shock at Aave-V3/ethereum forced collateral repricing against WETH under fragile liquidity.


Curve-Fi liquidity on ethereum compressed to a thin band while USDC collateral repriced under stress.


Redemption pressure in Orca/solana destabilized SOL liquidity with venue divergence 212 bps.


LST basis on Kamino/solana for SOL drifted 31 bps during redemption stress.


Funding and basis pressure on GMX/arbitrum drove open-interest change of 25.74% for USDC.


Redemption pressure in Uniswap-V3/ethereum destabilized WETH liquidity with venue divergence 359 bps.


Large holder flow into Meteora/solana pushed modeled impact on mSOL to 133 bps.


Bridge delay on ethereum rose to 498s, distorting exit routing for WETH on MakerDAO.


Governance concentration at Curve-Fi/optimism coincided with elevated congestion and treasury-adjacent risk for USDC.


Aave-V3 on optimism saw stale pricing on stETH; oracle age 19s and venue divergence 62 bps.


Bridge delay on optimism rose to 469s, distorting exit routing for WETH on Uniswap-V3.


Aave-V3 liquidity on optimism compressed to a thin band while WETH collateral repriced under stress.


Governance concentration at Aave-V3/arbitrum coincided with elevated congestion and treasury-adjacent risk for WBTC.


Funding and basis pressure on GMX/arbitrum drove open-interest change of 28.05% for USDC.


LST basis on Kamino/solana for SOL drifted 154 bps during redemption stress.


Uniswap-V3 on ethereum saw stale pricing on WBTC; oracle age 3595s and venue divergence 77 bps.


Borrow utilization shock at Kamino/solana forced collateral repricing against SOL under deep liquidity.


Funding and basis pressure on Drift/solana drove open-interest change of -6.64% for SOL.


MakerDAO liquidity on ethereum compressed to a normal band while WETH collateral repriced under stress.


Uniswap-V3 on optimism saw stale pricing on USDC; oracle age 213s and venue divergence 83 bps.


Bridge delay on arbitrum rose to 339s, distorting exit routing for WETH on Aave-V3.


Bridge delay on optimism rose to 249s, distorting exit routing for USDC on Uniswap-V3.


LST basis on Kamino/solana for mSOL drifted 151 bps during redemption stress.


Redemption pressure in Jupiter/solana destabilized USDC liquidity with venue divergence 136 bps.


LST basis on Lido/ethereum for WETH drifted 140 bps during redemption stress.


Large holder flow into Curve-Fi/optimism pushed modeled impact on WETH to 295 bps.


Large holder flow into Curve-Fi/arbitrum pushed modeled impact on USDC to 130 bps.


Large holder flow into Jupiter/solana pushed modeled impact on mSOL to 367 bps.


Cross-venue liquidity for USDC on Orca/solana fragmented with 89 bps expected impact.


Curve-Fi liquidity on optimism compressed to a normal band while WETH collateral repriced under stress.


LST basis on Lido/ethereum for stETH drifted 53 bps during redemption stress.


Aave-V3 on arbitrum saw stale pricing on WETH; oracle age 2749s and venue divergence 159 bps.


Large holder flow into Curve-Fi/optimism pushed modeled impact on WETH to 59 bps.


Large holder flow into Uniswap-V3/arbitrum pushed modeled impact on WBTC to 95 bps.


LST basis on Lido/ethereum for WETH drifted 68 bps during redemption stress.


Borrow utilization shock at Aave-V3/optimism forced collateral repricing against WBTC under deep liquidity.


Bridge delay on arbitrum rose to 123s, distorting exit routing for USDC on Uniswap-V3.


Large holder flow into Uniswap-V3/arbitrum pushed modeled impact on WBTC to 47 bps.


Redemption pressure in Jupiter/solana destabilized USDC liquidity with venue divergence 433 bps.


Borrow utilization shock at Kamino/solana forced collateral repricing against SOL under fragile liquidity.


Bridge delay on arbitrum rose to 266s, distorting exit routing for WETH on GMX.


Governance concentration at Aave-V3/arbitrum coincided with elevated congestion and treasury-adjacent risk for WBTC.


Redemption pressure in Orca/solana destabilized USDC liquidity with venue divergence 250 bps.


Aave-V3 on arbitrum saw stale pricing on WETH; oracle age 230s and venue divergence 160 bps.


Large holder flow into Uniswap-V3/ethereum pushed modeled impact on WBTC to 147 bps.


Bridge delay on optimism rose to 404s, distorting exit routing for WETH on Aave-V3.


Funding and basis pressure on Drift/solana drove open-interest change of -4.51% for USDC.


Redemption pressure in Orca/solana destabilized USDC liquidity with venue divergence 233 bps.


Cross-venue liquidity for WETH on Uniswap-V3/arbitrum fragmented with 205 bps expected impact.


LST basis on Lido/ethereum for WETH drifted 347 bps during redemption stress.


Redemption pressure in Orca/solana destabilized SOL liquidity with venue divergence 217 bps.


Redemption pressure in Jupiter/solana destabilized SOL liquidity with venue divergence 273 bps.


Funding and basis pressure on GMX/arbitrum drove open-interest change of 31.33% for WBTC.


Governance concentration at Curve-Fi/arbitrum coincided with elevated congestion and treasury-adjacent risk for WETH.


LST basis on Lido/ethereum for WETH drifted 345 bps during redemption stress.


Aave-V3 liquidity on optimism compressed to a deep band while WBTC collateral repriced under stress.


Funding and basis pressure on Drift/solana drove open-interest change of 7.51% for USDC.


Redemption pressure in Uniswap-V3/ethereum destabilized USDC liquidity with venue divergence 225 bps.


Cross-venue liquidity for SOL on Orca/solana fragmented with 48 bps expected impact.


Governance concentration at MakerDAO/ethereum coincided with elevated congestion and treasury-adjacent risk for WBTC.


Funding and basis pressure on GMX/arbitrum drove open-interest change of -7.5% for WETH.


Governance concentration at Curve-Fi/arbitrum coincided with elevated congestion and treasury-adjacent risk for USDC.


Redemption pressure in Uniswap-V3/ethereum destabilized WETH liquidity with venue divergence 26 bps.


Funding and basis pressure on GMX/arbitrum drove open-interest change of 25.34% for WBTC.


Bridge delay on optimism rose to 285s, distorting exit routing for WETH on Uniswap-V3.


LST basis on Lido/ethereum for WETH drifted 203 bps during redemption stress.


Governance concentration at Aave-V3/ethereum coincided with elevated congestion and treasury-adjacent risk for WBTC.


Funding and basis pressure on Drift/solana drove open-interest change of 9.67% for USDC.


LST basis on Kamino/solana for SOL drifted 181 bps during redemption stress.


Funding and basis pressure on Drift/solana drove open-interest change of -8.22% for USDC.


Governance concentration at Aave-V3/arbitrum coincided with elevated congestion and treasury-adjacent risk for USDC.


Curve-Fi liquidity on ethereum compressed to a thin band while USDC collateral repriced under stress.


Funding and basis pressure on Drift/solana drove open-interest change of 8.01% for SOL.


Bridge delay on optimism rose to 15s, distorting exit routing for WETH on Uniswap-V3.


Borrow utilization shock at Kamino/solana forced collateral repricing against SOL under normal liquidity.


Governance concentration at Synthetix/optimism coincided with elevated congestion and treasury-adjacent risk for WETH.


Cross-venue liquidity for WBTC on Uniswap-V3/ethereum fragmented with 52 bps expected impact.


Funding and basis pressure on Drift/solana drove open-interest change of 26.83% for SOL.


Bridge delay on ethereum rose to 505s, distorting exit routing for WETH on Aave-V3.


Funding and basis pressure on Drift/solana drove open-interest change of -6.67% for SOL.


Bridge delay on arbitrum rose to 425s, distorting exit routing for USDC on Uniswap-V3.


Funding and basis pressure on Drift/solana drove open-interest change of 26.0% for SOL.


Borrow utilization shock at Aave-V3/arbitrum forced collateral repricing against WETH under normal liquidity.


Redemption pressure in Uniswap-V3/ethereum destabilized WETH liquidity with venue divergence 69 bps.


Large holder flow into Uniswap-V3/arbitrum pushed modeled impact on WETH to 123 bps.


Curve-Fi liquidity on arbitrum compressed to a normal band while stETH collateral repriced under stress.


Governance concentration at Curve-Fi/optimism coincided with elevated congestion and treasury-adjacent risk for USDC.


Uniswap-V3 on optimism saw stale pricing on stETH; oracle age 3991s and venue divergence 333 bps.


Governance concentration at Curve-Fi/ethereum coincided with elevated congestion and treasury-adjacent risk for USDC.


Governance concentration at Aave-V3/ethereum coincided with elevated congestion and treasury-adjacent risk for WBTC.


Bridge delay on ethereum rose to 150s, distorting exit routing for WBTC on MakerDAO.


Borrow utilization shock at Kamino/solana forced collateral repricing against USDC under thin liquidity.


Borrow utilization shock at Aave-V3/ethereum forced collateral repricing against WETH under thin liquidity.


Governance concentration at Curve-Fi/optimism coincided with elevated congestion and treasury-adjacent risk for WETH.


Funding and basis pressure on Drift/solana drove open-interest change of 27.91% for SOL.


Funding and basis pressure on GMX/arbitrum drove open-interest change of -1.25% for WETH.


Governance concentration at Aave-V3/ethereum coincided with elevated congestion and treasury-adjacent risk for USDC.


Curve-Fi liquidity on arbitrum compressed to a thin band while WETH collateral repriced under stress.


Borrow utilization shock at Aave-V3/ethereum forced collateral repricing against USDC under normal liquidity.


Bridge delay on optimism rose to 357s, distorting exit routing for WBTC on Uniswap-V3.


Redemption pressure in Uniswap-V3/ethereum destabilized WETH liquidity with venue divergence 140 bps.


Governance concentration at Aave-V3/optimism coincided with elevated congestion and treasury-adjacent risk for WBTC.


Uniswap-V3 on ethereum saw stale pricing on WETH; oracle age 122s and venue divergence 120 bps.


Aave-V3 on arbitrum saw stale pricing on USDC; oracle age 2915s and venue divergence 152 bps.


LST basis on Lido/ethereum for stETH drifted 235 bps during redemption stress.


Curve-Fi liquidity on optimism compressed to a normal band while USDC collateral repriced under stress.


Cross-venue liquidity for SOL on Jupiter/solana fragmented with 72 bps expected impact.


Bridge delay on arbitrum rose to 147s, distorting exit routing for WBTC on Aave-V3.


Funding and basis pressure on Drift/solana drove open-interest change of 28.98% for USDC.


Borrow utilization shock at Aave-V3/arbitrum forced collateral repricing against USDC under thin liquidity.


Borrow utilization shock at Aave-V3/ethereum forced collateral repricing against WETH under thin liquidity.


Redemption pressure in Jupiter/solana destabilized USDC liquidity with venue divergence 220 bps.


Bridge delay on ethereum rose to 60s, distorting exit routing for WETH on MakerDAO.


Large holder flow into Uniswap-V3/optimism pushed modeled impact on WBTC to 51 bps.


Governance concentration at Aave-V3/arbitrum coincided with elevated congestion and treasury-adjacent risk for USDC.


Redemption pressure in Orca/solana destabilized USDC liquidity with venue divergence 52 bps.


Bridge delay on arbitrum rose to 652s, distorting exit routing for USDC on Uniswap-V3.


Funding and basis pressure on Drift/solana drove open-interest change of 15.42% for SOL.


Aave-V3 liquidity on arbitrum compressed to a thin band while USDC collateral repriced under stress.


Funding and basis pressure on Drift/solana drove open-interest change of -2.87% for USDC.


Large holder flow into Uniswap-V3/arbitrum pushed modeled impact on USDC to 36 bps.


Bridge delay on optimism rose to 515s, distorting exit routing for WETH on Aave-V3.


LST basis on Lido/ethereum for stETH drifted 191 bps during redemption stress.


Cross-venue liquidity for WBTC on Uniswap-V3/arbitrum fragmented with 127 bps expected impact.


Governance concentration at Aave-V3/arbitrum coincided with elevated congestion and treasury-adjacent risk for WETH.


Redemption pressure in Orca/solana destabilized SOL liquidity with venue divergence 41 bps.


Aave-V3 liquidity on ethereum compressed to a thin band while WETH collateral repriced under stress.


Borrow utilization shock at Aave-V3/optimism forced collateral repricing against WBTC under normal liquidity.


Cross-venue liquidity for USDC on Curve-Fi/arbitrum fragmented with 279 bps expected impact.


Aave-V3 liquidity on optimism compressed to a normal band while USDC collateral repriced under stress.


Borrow utilization shock at Aave-V3/optimism forced collateral repricing against USDC under deep liquidity.


LST basis on Marinade/solana for SOL drifted 36 bps during redemption stress.


Funding and basis pressure on Drift/solana drove open-interest change of 18.41% for SOL.


Funding and basis pressure on GMX/arbitrum drove open-interest change of -8.03% for USDC.


Aave-V3 liquidity on ethereum compressed to a normal band while WETH collateral repriced under stress.


Redemption pressure in Curve-Fi/ethereum destabilized USDC liquidity with venue divergence 77 bps.


Funding and basis pressure on Drift/solana drove open-interest change of 10.27% for USDC.


Uniswap-V3 on optimism saw stale pricing on WBTC; oracle age 3127s and venue divergence 92 bps.


Redemption pressure in Curve-Fi/ethereum destabilized USDC liquidity with venue divergence 190 bps.


Governance concentration at MakerDAO/ethereum coincided with elevated congestion and treasury-adjacent risk for WETH.


Large holder flow into Curve-Fi/optimism pushed modeled impact on USDC to 31 bps.


Cross-venue liquidity for WETH on Curve-Fi/arbitrum fragmented with 209 bps expected impact.


Funding and basis pressure on GMX/arbitrum drove open-interest change of -7.01% for WBTC.


LST basis on Kamino/solana for mSOL drifted 70 bps during redemption stress.


Borrow utilization shock at Kamino/solana forced collateral repricing against SOL under normal liquidity.


Large holder flow into Curve-Fi/optimism pushed modeled impact on USDC to 351 bps.


Large holder flow into Jupiter/solana pushed modeled impact on USDC to 219 bps.


MakerDAO on ethereum saw stale pricing on USDC; oracle age 158s and venue divergence 298 bps.


Curve-Fi liquidity on optimism compressed to a normal band while stETH collateral repriced under stress.


Bridge delay on arbitrum rose to 159s, distorting exit routing for WETH on GMX.


Redemption pressure in Curve-Fi/ethereum destabilized WETH liquidity with venue divergence 172 bps.


Curve-Fi liquidity on ethereum compressed to a normal band while WETH collateral repriced under stress.


LST basis on Kamino/solana for JitoSOL drifted 70 bps during redemption stress.


Funding and basis pressure on GMX/arbitrum drove open-interest change of -3.21% for USDC.


Aave-V3 liquidity on optimism compressed to a normal band while WBTC collateral repriced under stress.


LST basis on Kamino/solana for JitoSOL drifted 322 bps during redemption stress.


LST basis on Lido/ethereum for WETH drifted 212 bps during redemption stress.


Governance concentration at Curve-Fi/optimism coincided with elevated congestion and treasury-adjacent risk for USDC.


Aave-V3 on optimism saw stale pricing on stETH; oracle age 3212s and venue divergence 182 bps.


Bridge delay on arbitrum rose to 50s, distorting exit routing for USDC on GMX.


Large holder flow into Curve-Fi/arbitrum pushed modeled impact on WETH to 158 bps.


Aave-V3 liquidity on optimism compressed to a thin band while WETH collateral repriced under stress.


Funding and basis pressure on Drift/solana drove open-interest change of 7.51% for USDC.


Governance concentration at Aave-V3/arbitrum coincided with elevated congestion and treasury-adjacent risk for USDC.


Governance concentration at Aave-V3/arbitrum coincided with elevated congestion and treasury-adjacent risk for WBTC.


Borrow utilization shock at Aave-V3/optimism forced collateral repricing against WETH under normal liquidity.


Redemption pressure in Orca/solana destabilized SOL liquidity with venue divergence 260 bps.


Borrow utilization shock at Kamino/solana forced collateral repricing against USDC under normal liquidity.


Funding and basis pressure on Drift/solana drove open-interest change of 5.65% for SOL.


LST basis on Marinade/solana for SOL drifted 124 bps during redemption stress.


Bridge delay on ethereum rose to 215s, distorting exit routing for WBTC on MakerDAO.


Redemption pressure in Orca/solana destabilized USDC liquidity with venue divergence 353 bps.


LST basis on Lido/ethereum for stETH drifted 154 bps during redemption stress.


LST basis on Kamino/solana for mSOL drifted 248 bps during redemption stress.


Cross-venue liquidity for WETH on Uniswap-V3/arbitrum fragmented with 18 bps expected impact.


Cross-venue liquidity for WBTC on Uniswap-V3/optimism fragmented with 133 bps expected impact.


Curve-Fi liquidity on ethereum compressed to a normal band while USDC collateral repriced under stress.


Governance concentration at MakerDAO/ethereum coincided with elevated congestion and treasury-adjacent risk for WBTC.


Aave-V3 on ethereum saw stale pricing on WBTC; oracle age 3716s and venue divergence 176 bps.


Large holder flow into Uniswap-V3/ethereum pushed modeled impact on USDC to 254 bps.


Governance concentration at Curve-Fi/arbitrum coincided with elevated congestion and treasury-adjacent risk for USDC.


Redemption pressure in Curve-Fi/ethereum destabilized USDC liquidity with venue divergence 55 bps.


Curve-Fi liquidity on arbitrum compressed to a thin band while USDC collateral repriced under stress.


Borrow utilization shock at Aave-V3/optimism forced collateral repricing against USDC under thin liquidity.


LST basis on Kamino/solana for SOL drifted 162 bps during redemption stress.


LST basis on Lido/ethereum for stETH drifted 115 bps during redemption stress.


Redemption pressure in Uniswap-V3/ethereum destabilized WETH liquidity with venue divergence 55 bps.


Cross-venue liquidity for USDC on Orca/solana fragmented with 46 bps expected impact.


Large holder flow into Curve-Fi/arbitrum pushed modeled impact on USDC to 283 bps.


LST basis on Kamino/solana for mSOL drifted 84 bps during redemption stress.


Borrow utilization shock at Aave-V3/arbitrum forced collateral repricing against WBTC under deep liquidity.


Aave-V3 on arbitrum saw stale pricing on USDC; oracle age 3878s and venue divergence 56 bps.


LST basis on Kamino/solana for SOL drifted 192 bps during redemption stress.


Bridge delay on ethereum rose to 76s, distorting exit routing for WETH on MakerDAO.


Governance concentration at Aave-V3/ethereum coincided with elevated congestion and treasury-adjacent risk for WETH.


Curve-Fi liquidity on arbitrum compressed to a deep band while stETH collateral repriced under stress.


Bridge delay on ethereum rose to 314s, distorting exit routing for WBTC on MakerDAO.


Bridge delay on arbitrum rose to 69s, distorting exit routing for WETH on GMX.


Bridge delay on arbitrum rose to 245s, distorting exit routing for USDC on Uniswap-V3.


Cross-venue liquidity for WETH on Curve-Fi/optimism fragmented with 201 bps expected impact.


Redemption pressure in Curve-Fi/ethereum destabilized USDC liquidity with venue divergence 368 bps.


Governance concentration at Aave-V3/arbitrum coincided with elevated congestion and treasury-adjacent risk for WBTC.


Governance concentration at Curve-Fi/optimism coincided with elevated congestion and treasury-adjacent risk for WETH.


Borrow utilization shock at Kamino/solana forced collateral repricing against SOL under thin liquidity.


Cross-venue liquidity for USDC on Uniswap-V3/optimism fragmented with 163 bps expected impact.


Redemption pressure in Orca/solana destabilized USDC liquidity with venue divergence 255 bps.


Governance concentration at Aave-V3/optimism coincided with elevated congestion and treasury-adjacent risk for USDC.


Cross-venue liquidity for WETH on Curve-Fi/arbitrum fragmented with 113 bps expected impact.


Funding and basis pressure on Drift/solana drove open-interest change of 13.69% for SOL.


Aave-V3 on ethereum saw stale pricing on stETH; oracle age 126s and venue divergence 138 bps.


Governance concentration at Curve-Fi/arbitrum coincided with elevated congestion and treasury-adjacent risk for WETH.


Large holder flow into Curve-Fi/arbitrum pushed modeled impact on WETH to 32 bps.


Large holder flow into Curve-Fi/arbitrum pushed modeled impact on WETH to 130 bps.


Redemption pressure in Jupiter/solana destabilized USDC liquidity with venue divergence 367 bps.


Aave-V3 liquidity on ethereum compressed to a thin band while WETH collateral repriced under stress.


Large holder flow into Meteora/solana pushed modeled impact on USDC to 303 bps.


Bridge delay on arbitrum rose to 651s, distorting exit routing for WBTC on Uniswap-V3.


Aave-V3 on arbitrum saw stale pricing on WETH; oracle age 190s and venue divergence 243 bps.


Cross-venue liquidity for WETH on Uniswap-V3/optimism fragmented with 248 bps expected impact.


LST basis on Lido/ethereum for WETH drifted 33 bps during redemption stress.


Governance concentration at Synthetix/optimism coincided with elevated congestion and treasury-adjacent risk for USDC.


Large holder flow into Uniswap-V3/optimism pushed modeled impact on USDC to 417 bps.


Borrow utilization shock at Aave-V3/optimism forced collateral repricing against WETH under normal liquidity.


Aave-V3 liquidity on optimism compressed to a deep band while stETH collateral repriced under stress.


Funding and basis pressure on GMX/arbitrum drove open-interest change of 29.17% for WETH.


Funding and basis pressure on GMX/arbitrum drove open-interest change of 4.85% for USDC.


LST basis on Kamino/solana for mSOL drifted 82 bps during redemption stress.


Cross-venue liquidity for WETH on Curve-Fi/ethereum fragmented with 35 bps expected impact.


Funding and basis pressure on Drift/solana drove open-interest change of 7.89% for USDC.


Funding and basis pressure on Drift/solana drove open-interest change of 28.57% for SOL.


Funding and basis pressure on GMX/arbitrum drove open-interest change of 20.24% for WETH.


Redemption pressure in Uniswap-V3/ethereum destabilized WETH liquidity with venue divergence 284 bps.


MakerDAO on ethereum saw stale pricing on USDC; oracle age 3131s and venue divergence 317 bps.


Aave-V3 liquidity on arbitrum compressed to a normal band while USDC collateral repriced under stress.


Governance concentration at Aave-V3/arbitrum coincided with elevated congestion and treasury-adjacent risk for USDC.


Curve-Fi liquidity on optimism compressed to a thin band while WETH collateral repriced under stress.


Curve-Fi liquidity on optimism compressed to a fragile band while WETH collateral repriced under stress.


Aave-V3 liquidity on optimism compressed to a thin band while stETH collateral repriced under stress.


Borrow utilization shock at Aave-V3/arbitrum forced collateral repricing against WBTC under deep liquidity.


Large holder flow into Uniswap-V3/ethereum pushed modeled impact on WBTC to 190 bps.


MakerDAO liquidity on ethereum compressed to a thin band while WBTC collateral repriced under stress.


Cross-venue liquidity for WBTC on Uniswap-V3/optimism fragmented with 116 bps expected impact.


Funding and basis pressure on GMX/arbitrum drove open-interest change of -2.01% for WETH.


Borrow utilization shock at Aave-V3/arbitrum forced collateral repricing against USDC under normal liquidity.


Redemption pressure in Orca/solana destabilized USDC liquidity with venue divergence 412 bps.


Bridge delay on arbitrum rose to 354s, distorting exit routing for WBTC on Aave-V3.


Aave-V3 on optimism saw stale pricing on stETH; oracle age 2807s and venue divergence 73 bps.


LST basis on Lido/ethereum for stETH drifted 177 bps during redemption stress.


Bridge delay on ethereum rose to 186s, distorting exit routing for WETH on MakerDAO.


Large holder flow into Uniswap-V3/ethereum pushed modeled impact on USDC to 64 bps.


LST basis on Kamino/solana for mSOL drifted 121 bps during redemption stress.


Funding and basis pressure on Drift/solana drove open-interest change of 13.06% for USDC.


Redemption pressure in Uniswap-V3/ethereum destabilized WETH liquidity with venue divergence 256 bps.


Governance concentration at MakerDAO/ethereum coincided with elevated congestion and treasury-adjacent risk for WETH.


Funding and basis pressure on Drift/solana drove open-interest change of -4.67% for SOL.


Governance concentration at Synthetix/optimism coincided with elevated congestion and treasury-adjacent risk for WETH.


Bridge delay on optimism rose to 485s, distorting exit routing for WETH on Aave-V3.


Large holder flow into Jupiter/solana pushed modeled impact on USDC to 248 bps.


Redemption pressure in Orca/solana destabilized USDC liquidity with venue divergence 265 bps.


Funding and basis pressure on Drift/solana drove open-interest change of 19.93% for USDC.


Large holder flow into Curve-Fi/ethereum pushed modeled impact on WETH to 56 bps.


Bridge delay on optimism rose to 322s, distorting exit routing for WBTC on Uniswap-V3.


Cross-venue liquidity for WETH on Curve-Fi/optimism fragmented with 37 bps expected impact.


Borrow utilization shock at Kamino/solana forced collateral repricing against SOL under normal liquidity.


Cross-venue liquidity for WBTC on Uniswap-V3/optimism fragmented with 81 bps expected impact.


Borrow utilization shock at Aave-V3/ethereum forced collateral repricing against WETH under thin liquidity.


Bridge delay on ethereum rose to 180s, distorting exit routing for WBTC on MakerDAO.


Large holder flow into Jupiter/solana pushed modeled impact on USDC to 204 bps.


LST basis on Marinade/solana for SOL drifted 234 bps during redemption stress.


LST basis on Marinade/solana for mSOL drifted 197 bps during redemption stress.


Governance concentration at Curve-Fi/ethereum coincided with elevated congestion and treasury-adjacent risk for WETH.


Large holder flow into Curve-Fi/optimism pushed modeled impact on USDC to 176 bps.


Bridge delay on arbitrum rose to 435s, distorting exit routing for USDC on Aave-V3.


Governance concentration at Curve-Fi/arbitrum coincided with elevated congestion and treasury-adjacent risk for WETH.


LST basis on Lido/ethereum for WETH drifted 278 bps during redemption stress.


Cross-venue liquidity for WBTC on Uniswap-V3/optimism fragmented with 105 bps expected impact.


Governance concentration at Aave-V3/optimism coincided with elevated congestion and treasury-adjacent risk for WETH.


Borrow utilization shock at Aave-V3/optimism forced collateral repricing against WETH under normal liquidity.


Large holder flow into Curve-Fi/optimism pushed modeled impact on WETH to 17 bps.


LST basis on Lido/ethereum for WETH drifted 152 bps during redemption stress.


Uniswap-V3 on arbitrum saw stale pricing on USDC; oracle age 2960s and venue divergence 360 bps.


Redemption pressure in Jupiter/solana destabilized SOL liquidity with venue divergence 151 bps.


Bridge delay on optimism rose to 282s, distorting exit routing for WBTC on Aave-V3.


Governance concentration at Synthetix/optimism coincided with elevated congestion and treasury-adjacent risk for USDC.


Borrow utilization shock at MakerDAO/ethereum forced collateral repricing against WBTC under thin liquidity.


Aave-V3 on optimism saw stale pricing on USDC; oracle age 3505s and venue divergence 172 bps.


LST basis on Marinade/solana for mSOL drifted 218 bps during redemption stress.


Redemption pressure in Uniswap-V3/ethereum destabilized USDC liquidity with venue divergence 227 bps.


Borrow utilization shock at Kamino/solana forced collateral repricing against SOL under thin liquidity.


Uniswap-V3 on optimism saw stale pricing on USDC; oracle age 3086s and venue divergence 199 bps.


Governance concentration at Aave-V3/arbitrum coincided with elevated congestion and treasury-adjacent risk for WBTC.


Uniswap-V3 on optimism saw stale pricing on WETH; oracle age 3158s and venue divergence 273 bps.


MakerDAO on ethereum saw stale pricing on WETH; oracle age 171s and venue divergence 90 bps.


LST basis on Lido/ethereum for stETH drifted 189 bps during redemption stress.


Cross-venue liquidity for USDC on Uniswap-V3/arbitrum fragmented with 267 bps expected impact.


Governance concentration at Aave-V3/ethereum coincided with elevated congestion and treasury-adjacent risk for USDC.


Governance concentration at MakerDAO/ethereum coincided with elevated congestion and treasury-adjacent risk for WETH.


Uniswap-V3 on arbitrum saw stale pricing on stETH; oracle age 3253s and venue divergence 180 bps.


Governance concentration at Synthetix/optimism coincided with elevated congestion and treasury-adjacent risk for WETH.


Curve-Fi liquidity on arbitrum compressed to a thin band while stETH collateral repriced under stress.


Governance concentration at Aave-V3/arbitrum coincided with elevated congestion and treasury-adjacent risk for WETH.


LST basis on Marinade/solana for SOL drifted 154 bps during redemption stress.


MakerDAO on ethereum saw stale pricing on WBTC; oracle age 12s and venue divergence 179 bps.


Large holder flow into Curve-Fi/optimism pushed modeled impact on WETH to 308 bps.


Borrow utilization shock at Aave-V3/arbitrum forced collateral repricing against WETH under normal liquidity.


Large holder flow into Curve-Fi/arbitrum pushed modeled impact on WETH to 117 bps.


Aave-V3 liquidity on arbitrum compressed to a thin band while WBTC collateral repriced under stress.


Cross-venue liquidity for USDC on Uniswap-V3/optimism fragmented with 312 bps expected impact.


Bridge delay on ethereum rose to 159s, distorting exit routing for WETH on Aave-V3.


Redemption pressure in Uniswap-V3/ethereum destabilized WETH liquidity with venue divergence 173 bps.


Governance concentration at Aave-V3/arbitrum coincided with elevated congestion and treasury-adjacent risk for USDC.


Borrow utilization shock at Aave-V3/optimism forced collateral repricing against USDC under thin liquidity.


Borrow utilization shock at Aave-V3/optimism forced collateral repricing against USDC under deep liquidity.


Cross-venue liquidity for WBTC on Uniswap-V3/optimism fragmented with 128 bps expected impact.


LST basis on Kamino/solana for JitoSOL drifted 142 bps during redemption stress.


Large holder flow into Meteora/solana pushed modeled impact on mSOL to 111 bps.


Bridge delay on optimism rose to 55s, distorting exit routing for WETH on Aave-V3.


Borrow utilization shock at Aave-V3/arbitrum forced collateral repricing against USDC under normal liquidity.


LST basis on Marinade/solana for SOL drifted 270 bps during redemption stress.


Cross-venue liquidity for WETH on Curve-Fi/arbitrum fragmented with 285 bps expected impact.


Aave-V3 on optimism saw stale pricing on stETH; oracle age 47s and venue divergence 267 bps.


Bridge delay on arbitrum rose to 97s, distorting exit routing for WETH on Aave-V3.


LST basis on Marinade/solana for mSOL drifted 257 bps during redemption stress.


Governance concentration at Aave-V3/optimism coincided with elevated congestion and treasury-adjacent risk for WETH.


Borrow utilization shock at Aave-V3/optimism forced collateral repricing against WETH under normal liquidity.


Redemption pressure in Jupiter/solana destabilized USDC liquidity with venue divergence 204 bps.


Bridge delay on ethereum rose to 463s, distorting exit routing for WETH on MakerDAO.


Funding and basis pressure on Drift/solana drove open-interest change of 10.61% for SOL.


LST basis on Kamino/solana for mSOL drifted 25 bps during redemption stress.


LST basis on Kamino/solana for mSOL drifted 266 bps during redemption stress.


Redemption pressure in Jupiter/solana destabilized SOL liquidity with venue divergence 81 bps.


Large holder flow into Orca/solana pushed modeled impact on mSOL to 169 bps.


Redemption pressure in Jupiter/solana destabilized SOL liquidity with venue divergence 295 bps.


Cross-venue liquidity for USDC on Orca/solana fragmented with 31 bps expected impact.


Cross-venue liquidity for WETH on Curve-Fi/ethereum fragmented with 140 bps expected impact.


Large holder flow into Uniswap-V3/optimism pushed modeled impact on WETH to 240 bps.


Aave-V3 on optimism saw stale pricing on USDC; oracle age 34s and venue divergence 140 bps.


Bridge delay on optimism rose to 634s, distorting exit routing for WBTC on Aave-V3.


LST basis on Marinade/solana for SOL drifted 65 bps during redemption stress.


Bridge delay on optimism rose to 627s, distorting exit routing for WBTC on Uniswap-V3.


LST basis on Lido/ethereum for stETH drifted 28 bps during redemption stress.


Curve-Fi liquidity on arbitrum compressed to a deep band while USDC collateral repriced under stress.


Governance concentration at Aave-V3/arbitrum coincided with elevated congestion and treasury-adjacent risk for USDC.


Funding and basis pressure on GMX/arbitrum drove open-interest change of 31.2% for USDC.


Bridge delay on optimism rose to 184s, distorting exit routing for WETH on Aave-V3.


Redemption pressure in Orca/solana destabilized SOL liquidity with venue divergence 62 bps.


Aave-V3 on arbitrum saw stale pricing on stETH; oracle age 3739s and venue divergence 207 bps.


MakerDAO on ethereum saw stale pricing on WETH; oracle age 150s and venue divergence 217 bps.


Aave-V3 liquidity on arbitrum compressed to a normal band while WETH collateral repriced under stress.


Funding and basis pressure on GMX/arbitrum drove open-interest change of 4.47% for WETH.


Aave-V3 liquidity on arbitrum compressed to a deep band while WETH collateral repriced under stress.


Governance concentration at Curve-Fi/optimism coincided with elevated congestion and treasury-adjacent risk for WETH.


Aave-V3 on optimism saw stale pricing on WBTC; oracle age 2857s and venue divergence 308 bps.


Uniswap-V3 on arbitrum saw stale pricing on stETH; oracle age 3860s and venue divergence 276 bps.


Redemption pressure in Orca/solana destabilized SOL liquidity with venue divergence 27 bps.


Cross-venue liquidity for USDC on Uniswap-V3/arbitrum fragmented with 85 bps expected impact.


Curve-Fi liquidity on arbitrum compressed to a normal band while stETH collateral repriced under stress.


Cross-venue liquidity for USDC on Curve-Fi/optimism fragmented with 131 bps expected impact.


Governance concentration at Curve-Fi/ethereum coincided with elevated congestion and treasury-adjacent risk for USDC.


LST basis on Lido/ethereum for stETH drifted 157 bps during redemption stress.


Bridge delay on ethereum rose to 57s, distorting exit routing for WBTC on MakerDAO.


Redemption pressure in Orca/solana destabilized USDC liquidity with venue divergence 205 bps.


MakerDAO on ethereum saw stale pricing on WBTC; oracle age 3010s and venue divergence 170 bps.


Bridge delay on arbitrum rose to 592s, distorting exit routing for USDC on Uniswap-V3.


Redemption pressure in Orca/solana destabilized SOL liquidity with venue divergence 117 bps.


Aave-V3 liquidity on ethereum compressed to a normal band while WBTC collateral repriced under stress.


Curve-Fi liquidity on optimism compressed to a normal band while USDC collateral repriced under stress.


LST basis on Lido/ethereum for WETH drifted 300 bps during redemption stress.


Redemption pressure in Orca/solana destabilized SOL liquidity with venue divergence 119 bps.


Large holder flow into Uniswap-V3/arbitrum pushed modeled impact on WBTC to 109 bps.


Redemption pressure in Jupiter/solana destabilized SOL liquidity with venue divergence 136 bps.


Borrow utilization shock at MakerDAO/ethereum forced collateral repricing against WBTC under normal liquidity.


Governance concentration at Aave-V3/optimism coincided with elevated congestion and treasury-adjacent risk for WBTC.


Funding and basis pressure on GMX/arbitrum drove open-interest change of 10.94% for WBTC.


Bridge delay on ethereum rose to 172s, distorting exit routing for USDC on Uniswap-V3.


Redemption pressure in Uniswap-V3/ethereum destabilized WETH liquidity with venue divergence 117 bps.


Cross-venue liquidity for USDC on Curve-Fi/optimism fragmented with 331 bps expected impact.


Cross-venue liquidity for USDC on Curve-Fi/ethereum fragmented with 94 bps expected impact.


LST basis on Lido/ethereum for stETH drifted 249 bps during redemption stress.


Cross-venue liquidity for WETH on Curve-Fi/arbitrum fragmented with 75 bps expected impact.


Redemption pressure in Uniswap-V3/ethereum destabilized WETH liquidity with venue divergence 112 bps.


LST basis on Kamino/solana for mSOL drifted 313 bps during redemption stress.


Bridge delay on ethereum rose to 341s, distorting exit routing for USDC on MakerDAO.


Funding and basis pressure on Drift/solana drove open-interest change of 13.48% for SOL.


Bridge delay on ethereum rose to 276s, distorting exit routing for WBTC on Aave-V3.


LST basis on Lido/ethereum for stETH drifted 188 bps during redemption stress.


Governance concentration at Aave-V3/arbitrum coincided with elevated congestion and treasury-adjacent risk for WBTC.


Governance concentration at Aave-V3/optimism coincided with elevated congestion and treasury-adjacent risk for WETH.


Bridge delay on optimism rose to 534s, distorting exit routing for WETH on Aave-V3.


Cross-venue liquidity for WETH on Uniswap-V3/arbitrum fragmented with 189 bps expected impact.


Bridge delay on optimism rose to 138s, distorting exit routing for WETH on Aave-V3.


Cross-venue liquidity for WETH on Curve-Fi/arbitrum fragmented with 125 bps expected impact.


Borrow utilization shock at Aave-V3/ethereum forced collateral repricing against WBTC under deep liquidity.


Governance concentration at Aave-V3/optimism coincided with elevated congestion and treasury-adjacent risk for WBTC.


Large holder flow into Uniswap-V3/arbitrum pushed modeled impact on WBTC to 144 bps.


Aave-V3 liquidity on arbitrum compressed to a thin band while USDC collateral repriced under stress.


Bridge delay on ethereum rose to 741s, distorting exit routing for WETH on Aave-V3.


MakerDAO liquidity on ethereum compressed to a thin band while WETH collateral repriced under stress.


Borrow utilization shock at Kamino/solana forced collateral repricing against SOL under thin liquidity.


LST basis on Lido/ethereum for stETH drifted 305 bps during redemption stress.


Cross-venue liquidity for USDC on Drift/solana fragmented with 129 bps expected impact.


Large holder flow into Curve-Fi/ethereum pushed modeled impact on WETH to 187 bps.


LST basis on Lido/ethereum for WETH drifted 286 bps during redemption stress.


LST basis on Kamino/solana for JitoSOL drifted 179 bps during redemption stress.


Uniswap-V3 on ethereum saw stale pricing on WBTC; oracle age 143s and venue divergence 89 bps.


Large holder flow into Uniswap-V3/optimism pushed modeled impact on WBTC to 162 bps.


Bridge delay on ethereum rose to 490s, distorting exit routing for USDC on MakerDAO.


Bridge delay on optimism rose to 342s, distorting exit routing for WBTC on Uniswap-V3.


Redemption pressure in Curve-Fi/ethereum destabilized WETH liquidity with venue divergence 65 bps.


Governance concentration at Aave-V3/optimism coincided with elevated congestion and treasury-adjacent risk for USDC.


Bridge delay on optimism rose to 444s, distorting exit routing for WETH on Aave-V3.


LST basis on Lido/ethereum for stETH drifted 245 bps during redemption stress.


Funding and basis pressure on Drift/solana drove open-interest change of 25.21% for SOL.


Redemption pressure in Curve-Fi/ethereum destabilized WETH liquidity with venue divergence 209 bps.


Bridge delay on ethereum rose to 31s, distorting exit routing for USDC on Uniswap-V3.


Governance concentration at Curve-Fi/optimism coincided with elevated congestion and treasury-adjacent risk for WETH.


Funding and basis pressure on GMX/arbitrum drove open-interest change of -4.22% for USDC.


Cross-venue liquidity for USDC on Orca/solana fragmented with 42 bps expected impact.


Redemption pressure in Orca/solana destabilized SOL liquidity with venue divergence 347 bps.


Governance concentration at Aave-V3/ethereum coincided with elevated congestion and treasury-adjacent risk for WETH.


Bridge delay on ethereum rose to 562s, distorting exit routing for USDC on MakerDAO.


Large holder flow into Curve-Fi/optimism pushed modeled impact on WETH to 189 bps.


Bridge delay on ethereum rose to 523s, distorting exit routing for WETH on Aave-V3.


Cross-venue liquidity for SOL on Drift/solana fragmented with 156 bps expected impact.


Cross-venue liquidity for USDC on Uniswap-V3/optimism fragmented with 135 bps expected impact.


Aave-V3 liquidity on optimism compressed to a fragile band while USDC collateral repriced under stress.


Large holder flow into Orca/solana pushed modeled impact on SOL to 52 bps.


Governance concentration at Aave-V3/optimism coincided with elevated congestion and treasury-adjacent risk for WETH.


LST basis on Marinade/solana for mSOL drifted 248 bps during redemption stress.


Borrow utilization shock at Kamino/solana forced collateral repricing against USDC under deep liquidity.


Bridge delay on ethereum rose to 243s, distorting exit routing for WETH on Aave-V3.


Governance concentration at MakerDAO/ethereum coincided with elevated congestion and treasury-adjacent risk for WBTC.


Bridge delay on optimism rose to 330s, distorting exit routing for WETH on Uniswap-V3.


Large holder flow into Meteora/solana pushed modeled impact on SOL to 137 bps.


Governance concentration at Aave-V3/arbitrum coincided with elevated congestion and treasury-adjacent risk for USDC.


Redemption pressure in Jupiter/solana destabilized USDC liquidity with venue divergence 185 bps.


Governance concentration at Synthetix/optimism coincided with elevated congestion and treasury-adjacent risk for WETH.


Bridge delay on optimism rose to 184s, distorting exit routing for WBTC on Aave-V3.


Curve-Fi liquidity on arbitrum compressed to a thin band while WETH collateral repriced under stress.


Large holder flow into Curve-Fi/arbitrum pushed modeled impact on WETH to 180 bps.


Redemption pressure in Uniswap-V3/ethereum destabilized WETH liquidity with venue divergence 260 bps.


Funding and basis pressure on GMX/arbitrum drove open-interest change of 18.0% for USDC.


Aave-V3 liquidity on optimism compressed to a normal band while USDC collateral repriced under stress.


Bridge delay on ethereum rose to 262s, distorting exit routing for WETH on Uniswap-V3.


Large holder flow into Curve-Fi/ethereum pushed modeled impact on WETH to 119 bps.


Large holder flow into Uniswap-V3/ethereum pushed modeled impact on WBTC to 162 bps.


Borrow utilization shock at Aave-V3/optimism forced collateral repricing against WBTC under thin liquidity.


Redemption pressure in Uniswap-V3/ethereum destabilized USDC liquidity with venue divergence 226 bps.


Borrow utilization shock at Kamino/solana forced collateral repricing against USDC under normal liquidity.


Cross-venue liquidity for USDC on Drift/solana fragmented with 172 bps expected impact.


Governance concentration at Curve-Fi/optimism coincided with elevated congestion and treasury-adjacent risk for WETH.


Funding and basis pressure on Drift/solana drove open-interest change of 19.65% for SOL.


Redemption pressure in Jupiter/solana destabilized SOL liquidity with venue divergence 198 bps.


Governance concentration at Curve-Fi/ethereum coincided with elevated congestion and treasury-adjacent risk for USDC.


LST basis on Kamino/solana for mSOL drifted 97 bps during redemption stress.


Borrow utilization shock at MakerDAO/ethereum forced collateral repricing against WETH under deep liquidity.


Aave-V3 liquidity on arbitrum compressed to a thin band while WBTC collateral repriced under stress.


Curve-Fi liquidity on arbitrum compressed to a thin band while USDC collateral repriced under stress.


Redemption pressure in Curve-Fi/ethereum destabilized USDC liquidity with venue divergence 165 bps.


LST basis on Lido/ethereum for WETH drifted 293 bps during redemption stress.


Borrow utilization shock at Aave-V3/optimism forced collateral repricing against WETH under thin liquidity.


LST basis on Kamino/solana for JitoSOL drifted 121 bps during redemption stress.


Governance concentration at Curve-Fi/ethereum coincided with elevated congestion and treasury-adjacent risk for WETH.


Large holder flow into Uniswap-V3/ethereum pushed modeled impact on USDC to 218 bps.


Redemption pressure in Orca/solana destabilized USDC liquidity with venue divergence 337 bps.


LST basis on Kamino/solana for SOL drifted 350 bps during redemption stress.


Aave-V3 on arbitrum saw stale pricing on USDC; oracle age 102s and venue divergence 41 bps.


Cross-venue liquidity for USDC on Curve-Fi/ethereum fragmented with 71 bps expected impact.


Borrow utilization shock at Aave-V3/arbitrum forced collateral repricing against WBTC under deep liquidity.


LST basis on Kamino/solana for JitoSOL drifted 44 bps during redemption stress.


Governance concentration at Aave-V3/optimism coincided with elevated congestion and treasury-adjacent risk for USDC.


Cross-venue liquidity for USDC on Drift/solana fragmented with 231 bps expected impact.


Funding and basis pressure on GMX/arbitrum drove open-interest change of 6.78% for WETH.


Aave-V3 on ethereum saw stale pricing on USDC; oracle age 250s and venue divergence 68 bps.


LST basis on Kamino/solana for mSOL drifted 267 bps during redemption stress.


Bridge delay on arbitrum rose to 463s, distorting exit routing for WBTC on Aave-V3.


Uniswap-V3 on arbitrum saw stale pricing on WBTC; oracle age 3541s and venue divergence 67 bps.


Bridge delay on ethereum rose to 318s, distorting exit routing for WETH on Aave-V3.


Curve-Fi liquidity on arbitrum compressed to a normal band while stETH collateral repriced under stress.


Funding and basis pressure on Drift/solana drove open-interest change of 1.13% for USDC.


Governance concentration at Curve-Fi/ethereum coincided with elevated congestion and treasury-adjacent risk for USDC.


Governance concentration at Aave-V3/optimism coincided with elevated congestion and treasury-adjacent risk for WBTC.


Uniswap-V3 on arbitrum saw stale pricing on stETH; oracle age 2915s and venue divergence 292 bps.


Large holder flow into Curve-Fi/ethereum pushed modeled impact on USDC to 30 bps.


Large holder flow into Uniswap-V3/arbitrum pushed modeled impact on WETH to 93 bps.


LST basis on Marinade/solana for SOL drifted 91 bps during redemption stress.


Redemption pressure in Uniswap-V3/ethereum destabilized USDC liquidity with venue divergence 89 bps.


Borrow utilization shock at Aave-V3/optimism forced collateral repricing against USDC under thin liquidity.


LST basis on Lido/ethereum for WETH drifted 54 bps during redemption stress.


Funding and basis pressure on Drift/solana drove open-interest change of -1.32% for USDC.


Borrow utilization shock at Kamino/solana forced collateral repricing against USDC under thin liquidity.


Borrow utilization shock at Aave-V3/ethereum forced collateral repricing against USDC under normal liquidity.


Borrow utilization shock at Kamino/solana forced collateral repricing against USDC under normal liquidity.


Borrow utilization shock at Aave-V3/ethereum forced collateral repricing against WETH under thin liquidity.


Cross-venue liquidity for USDC on Curve-Fi/ethereum fragmented with 46 bps expected impact.


Aave-V3 liquidity on arbitrum compressed to a thin band while WBTC collateral repriced under stress.


Aave-V3 liquidity on ethereum compressed to a normal band while WBTC collateral repriced under stress.


Bridge delay on optimism rose to 13s, distorting exit routing for USDC on Aave-V3.


Uniswap-V3 on arbitrum saw stale pricing on WETH; oracle age 12s and venue divergence 46 bps.


LST basis on Lido/ethereum for stETH drifted 131 bps during redemption stress.


Curve-Fi liquidity on ethereum compressed to a deep band while USDC collateral repriced under stress.


Aave-V3 on arbitrum saw stale pricing on WETH; oracle age 2749s and venue divergence 447 bps.


Cross-venue liquidity for USDC on Uniswap-V3/ethereum fragmented with 190 bps expected impact.


Bridge delay on arbitrum rose to 195s, distorting exit routing for WBTC on Uniswap-V3.


Bridge delay on arbitrum rose to 326s, distorting exit routing for WBTC on GMX.


Borrow utilization shock at MakerDAO/ethereum forced collateral repricing against WBTC under deep liquidity.


Uniswap-V3 on optimism saw stale pricing on stETH; oracle age 259s and venue divergence 175 bps.


LST basis on Kamino/solana for JitoSOL drifted 77 bps during redemption stress.


Bridge delay on ethereum rose to 480s, distorting exit routing for WETH on Uniswap-V3.


Governance concentration at MakerDAO/ethereum coincided with elevated congestion and treasury-adjacent risk for WBTC.


Borrow utilization shock at Aave-V3/arbitrum forced collateral repricing against USDC under fragile liquidity.


Large holder flow into Curve-Fi/ethereum pushed modeled impact on WETH to 53 bps.


Funding and basis pressure on Drift/solana drove open-interest change of 7.7% for SOL.


Cross-venue liquidity for WETH on Curve-Fi/optimism fragmented with 45 bps expected impact.


Large holder flow into Curve-Fi/ethereum pushed modeled impact on USDC to 164 bps.


Aave-V3 on arbitrum saw stale pricing on USDC; oracle age 3608s and venue divergence 148 bps.


Governance concentration at MakerDAO/ethereum coincided with elevated congestion and treasury-adjacent risk for WETH.


LST basis on Lido/ethereum for stETH drifted 257 bps during redemption stress.


Bridge delay on optimism rose to 479s, distorting exit routing for WBTC on Uniswap-V3.


Large holder flow into Uniswap-V3/optimism pushed modeled impact on WBTC to 241 bps.


Funding and basis pressure on Drift/solana drove open-interest change of -1.63% for USDC.


Large holder flow into Uniswap-V3/optimism pushed modeled impact on WBTC to 17 bps.


Bridge delay on optimism rose to 538s, distorting exit routing for USDC on Uniswap-V3.


Funding and basis pressure on Drift/solana drove open-interest change of 13.27% for SOL.


Governance concentration at MakerDAO/ethereum coincided with elevated congestion and treasury-adjacent risk for USDC.


Borrow utilization shock at Aave-V3/optimism forced collateral repricing against USDC under thin liquidity.


Aave-V3 on ethereum saw stale pricing on WETH; oracle age 243s and venue divergence 110 bps.


Aave-V3 on ethereum saw stale pricing on WBTC; oracle age 3307s and venue divergence 332 bps.


Bridge delay on optimism rose to 220s, distorting exit routing for USDC on Aave-V3.


Uniswap-V3 on optimism saw stale pricing on WBTC; oracle age 3761s and venue divergence 346 bps.


Governance concentration at Synthetix/optimism coincided with elevated congestion and treasury-adjacent risk for WETH.


Bridge delay on ethereum rose to 417s, distorting exit routing for USDC on MakerDAO.


LST basis on Kamino/solana for JitoSOL drifted 32 bps during redemption stress.


Large holder flow into Meteora/solana pushed modeled impact on mSOL to 111 bps.


Uniswap-V3 on arbitrum saw stale pricing on WBTC; oracle age 246s and venue divergence 219 bps.


LST basis on Marinade/solana for mSOL drifted 341 bps during redemption stress.


Governance concentration at Curve-Fi/arbitrum coincided with elevated congestion and treasury-adjacent risk for USDC.


Funding and basis pressure on GMX/arbitrum drove open-interest change of 31.43% for WETH.


Large holder flow into Meteora/solana pushed modeled impact on USDC to 65 bps.


Borrow utilization shock at Kamino/solana forced collateral repricing against USDC under normal liquidity.


Redemption pressure in Uniswap-V3/ethereum destabilized WETH liquidity with venue divergence 225 bps.


LST basis on Marinade/solana for mSOL drifted 63 bps during redemption stress.


Large holder flow into Uniswap-V3/arbitrum pushed modeled impact on WBTC to 217 bps.


Aave-V3 on optimism saw stale pricing on WBTC; oracle age 3153s and venue divergence 184 bps.


Large holder flow into Curve-Fi/optimism pushed modeled impact on WETH to 42 bps.


Borrow utilization shock at MakerDAO/ethereum forced collateral repricing against WETH under normal liquidity.


Cross-venue liquidity for WETH on Curve-Fi/ethereum fragmented with 282 bps expected impact.


Aave-V3 liquidity on arbitrum compressed to a deep band while USDC collateral repriced under stress.


Uniswap-V3 on arbitrum saw stale pricing on WETH; oracle age 67s and venue divergence 174 bps.


Large holder flow into Uniswap-V3/optimism pushed modeled impact on WETH to 144 bps.


Borrow utilization shock at Aave-V3/arbitrum forced collateral repricing against WBTC under thin liquidity.


Cross-venue liquidity for SOL on Jupiter/solana fragmented with 188 bps expected impact.


Aave-V3 liquidity on arbitrum compressed to a thin band while WBTC collateral repriced under stress.


Cross-venue liquidity for USDC on Curve-Fi/ethereum fragmented with 135 bps expected impact.


Cross-venue liquidity for SOL on Drift/solana fragmented with 234 bps expected impact.


Aave-V3 on optimism saw stale pricing on stETH; oracle age 3505s and venue divergence 102 bps.


Cross-venue liquidity for USDC on Uniswap-V3/arbitrum fragmented with 156 bps expected impact.


Governance concentration at Aave-V3/ethereum coincided with elevated congestion and treasury-adjacent risk for USDC.


Funding and basis pressure on Drift/solana drove open-interest change of -9.37% for SOL.


Large holder flow into Curve-Fi/optimism pushed modeled impact on WETH to 121 bps.


Bridge delay on arbitrum rose to 150s, distorting exit routing for WETH on Uniswap-V3.


Cross-venue liquidity for USDC on Uniswap-V3/ethereum fragmented with 188 bps expected impact.


LST basis on Marinade/solana for SOL drifted 309 bps during redemption stress.


Governance concentration at Curve-Fi/arbitrum coincided with elevated congestion and treasury-adjacent risk for USDC.


Governance concentration at Curve-Fi/ethereum coincided with elevated congestion and treasury-adjacent risk for WETH.


Governance concentration at Aave-V3/optimism coincided with elevated congestion and treasury-adjacent risk for WETH.


Redemption pressure in Orca/solana destabilized SOL liquidity with venue divergence 271 bps.


Bridge delay on ethereum rose to 174s, distorting exit routing for WETH on MakerDAO.


Funding and basis pressure on Drift/solana drove open-interest change of 29.33% for SOL.


Aave-V3 on arbitrum saw stale pricing on stETH; oracle age 3698s and venue divergence 231 bps.


MakerDAO liquidity on ethereum compressed to a normal band while WBTC collateral repriced under stress.


Cross-venue liquidity for USDC on Curve-Fi/ethereum fragmented with 166 bps expected impact.


LST basis on Lido/ethereum for WETH drifted 47 bps during redemption stress.


Cross-venue liquidity for WETH on Curve-Fi/ethereum fragmented with 25 bps expected impact.


Large holder flow into Uniswap-V3/ethereum pushed modeled impact on WBTC to 165 bps.


Bridge delay on arbitrum rose to 589s, distorting exit routing for USDC on GMX.


MakerDAO liquidity on ethereum compressed to a thin band while WETH collateral repriced under stress.


Uniswap-V3 on arbitrum saw stale pricing on stETH; oracle age 3280s and venue divergence 191 bps.


Uniswap-V3 on arbitrum saw stale pricing on stETH; oracle age 3293s and venue divergence 208 bps.


Funding and basis pressure on GMX/arbitrum drove open-interest change of 0.02% for USDC.


Large holder flow into Curve-Fi/ethereum pushed modeled impact on WETH to 172 bps.


Large holder flow into Uniswap-V3/optimism pushed modeled impact on WBTC to 177 bps.


Bridge delay on arbitrum rose to 168s, distorting exit routing for WBTC on Aave-V3.


Funding and basis pressure on Drift/solana drove open-interest change of 2.56% for SOL.


Bridge delay on optimism rose to 179s, distorting exit routing for WETH on Uniswap-V3.


Bridge delay on arbitrum rose to 124s, distorting exit routing for WBTC on Aave-V3.


Redemption pressure in Orca/solana destabilized USDC liquidity with venue divergence 66 bps.


Aave-V3 on ethereum saw stale pricing on stETH; oracle age 3829s and venue divergence 97 bps.


Uniswap-V3 on ethereum saw stale pricing on WBTC; oracle age 93s and venue divergence 56 bps.


Governance concentration at Curve-Fi/arbitrum coincided with elevated congestion and treasury-adjacent risk for USDC.


Bridge delay on arbitrum rose to 475s, distorting exit routing for WETH on Aave-V3.


Redemption pressure in Curve-Fi/ethereum destabilized WETH liquidity with venue divergence 182 bps.


Redemption pressure in Curve-Fi/ethereum destabilized USDC liquidity with venue divergence 38 bps.


Large holder flow into Orca/solana pushed modeled impact on SOL to 82 bps.


Funding and basis pressure on GMX/arbitrum drove open-interest change of 17.53% for USDC.


Large holder flow into Curve-Fi/ethereum pushed modeled impact on WETH to 107 bps.


Large holder flow into Curve-Fi/optimism pushed modeled impact on USDC to 146 bps.


Bridge delay on arbitrum rose to 636s, distorting exit routing for USDC on Uniswap-V3.


Borrow utilization shock at Aave-V3/optimism forced collateral repricing against WBTC under normal liquidity.


Cross-venue liquidity for USDC on Uniswap-V3/ethereum fragmented with 58 bps expected impact.


Bridge delay on arbitrum rose to 168s, distorting exit routing for WETH on Aave-V3.


Uniswap-V3 on ethereum saw stale pricing on WBTC; oracle age 2672s and venue divergence 308 bps.


Uniswap-V3 on arbitrum saw stale pricing on USDC; oracle age 2713s and venue divergence 304 bps.


Cross-venue liquidity for WETH on Curve-Fi/arbitrum fragmented with 79 bps expected impact.


Cross-venue liquidity for WETH on Curve-Fi/arbitrum fragmented with 139 bps expected impact.


Borrow utilization shock at MakerDAO/ethereum forced collateral repricing against WETH under thin liquidity.


LST basis on Lido/ethereum for stETH drifted 117 bps during redemption stress.


Governance concentration at Aave-V3/arbitrum coincided with elevated congestion and treasury-adjacent risk for WBTC.


Governance concentration at Curve-Fi/optimism coincided with elevated congestion and treasury-adjacent risk for WETH.


LST basis on Kamino/solana for JitoSOL drifted 192 bps during redemption stress.


Funding and basis pressure on GMX/arbitrum drove open-interest change of 15.37% for USDC.


Funding and basis pressure on Drift/solana drove open-interest change of 13.79% for USDC.


Aave-V3 liquidity on arbitrum compressed to a normal band while stETH collateral repriced under stress.


Bridge delay on arbitrum rose to 505s, distorting exit routing for WETH on Aave-V3.


Borrow utilization shock at Aave-V3/ethereum forced collateral repricing against WBTC under normal liquidity.


Bridge delay on optimism rose to 267s, distorting exit routing for WETH on Uniswap-V3.


Borrow utilization shock at Kamino/solana forced collateral repricing against SOL under normal liquidity.


Redemption pressure in Jupiter/solana destabilized USDC liquidity with venue divergence 224 bps.


Large holder flow into Curve-Fi/optimism pushed modeled impact on WETH to 232 bps.


Large holder flow into Curve-Fi/optimism pushed modeled impact on WETH to 160 bps.


Cross-venue liquidity for USDC on Curve-Fi/ethereum fragmented with 121 bps expected impact.


Funding and basis pressure on GMX/arbitrum drove open-interest change of 8.04% for WBTC.


Redemption pressure in Jupiter/solana destabilized SOL liquidity with venue divergence 293 bps.


Governance concentration at MakerDAO/ethereum coincided with elevated congestion and treasury-adjacent risk for WBTC.


Bridge delay on optimism rose to 148s, distorting exit routing for WETH on Uniswap-V3.


LST basis on Lido/ethereum for WETH drifted 48 bps during redemption stress.


Cross-venue liquidity for WBTC on Uniswap-V3/arbitrum fragmented with 106 bps expected impact.


Large holder flow into Curve-Fi/arbitrum pushed modeled impact on USDC to 254 bps.


Aave-V3 liquidity on optimism compressed to a thin band while USDC collateral repriced under stress.


Borrow utilization shock at Aave-V3/arbitrum forced collateral repricing against WETH under thin liquidity.


Redemption pressure in Jupiter/solana destabilized USDC liquidity with venue divergence 250 bps.


Large holder flow into Jupiter/solana pushed modeled impact on USDC to 22 bps.


Redemption pressure in Jupiter/solana destabilized SOL liquidity with venue divergence 417 bps.


Large holder flow into Curve-Fi/ethereum pushed modeled impact on WETH to 173 bps.


Borrow utilization shock at Aave-V3/ethereum forced collateral repricing against WETH under thin liquidity.


Cross-venue liquidity for USDC on Uniswap-V3/arbitrum fragmented with 234 bps expected impact.


Cross-venue liquidity for WETH on Uniswap-V3/optimism fragmented with 184 bps expected impact.


Bridge delay on ethereum rose to 604s, distorting exit routing for WETH on MakerDAO.


Bridge delay on optimism rose to 260s, distorting exit routing for WBTC on Aave-V3.


Borrow utilization shock at Aave-V3/optimism forced collateral repricing against WETH under normal liquidity.


Funding and basis pressure on GMX/arbitrum drove open-interest change of 10.71% for WBTC.


Aave-V3 on arbitrum saw stale pricing on WBTC; oracle age 3118s and venue divergence 173 bps.


LST basis on Marinade/solana for SOL drifted 86 bps during redemption stress.


Cross-venue liquidity for USDC on Curve-Fi/arbitrum fragmented with 107 bps expected impact.


Cross-venue liquidity for SOL on Jupiter/solana fragmented with 204 bps expected impact.


Governance concentration at MakerDAO/ethereum coincided with elevated congestion and treasury-adjacent risk for WBTC.


Bridge delay on ethereum rose to 223s, distorting exit routing for WETH on Aave-V3.


LST basis on Lido/ethereum for stETH drifted 143 bps during redemption stress.


LST basis on Lido/ethereum for stETH drifted 37 bps during redemption stress.


Large holder flow into Curve-Fi/optimism pushed modeled impact on USDC to 209 bps.


Uniswap-V3 on optimism saw stale pricing on stETH; oracle age 3104s and venue divergence 102 bps.


Borrow utilization shock at Aave-V3/ethereum forced collateral repricing against USDC under normal liquidity.


Redemption pressure in Uniswap-V3/ethereum destabilized WETH liquidity with venue divergence 77 bps.


LST basis on Kamino/solana for JitoSOL drifted 246 bps during redemption stress.


Curve-Fi liquidity on arbitrum compressed to a normal band while stETH collateral repriced under stress.


Funding and basis pressure on Drift/solana drove open-interest change of -7.1% for SOL.


Funding and basis pressure on GMX/arbitrum drove open-interest change of -5.45% for WETH.


Large holder flow into Uniswap-V3/arbitrum pushed modeled impact on WBTC to 137 bps.


Borrow utilization shock at Aave-V3/arbitrum forced collateral repricing against USDC under normal liquidity.


Governance concentration at Curve-Fi/optimism coincided with elevated congestion and treasury-adjacent risk for USDC.


LST basis on Lido/ethereum for stETH drifted 254 bps during redemption stress.


Cross-venue liquidity for WETH on Curve-Fi/optimism fragmented with 87 bps expected impact.


Governance concentration at Aave-V3/optimism coincided with elevated congestion and treasury-adjacent risk for WBTC.


Funding and basis pressure on GMX/arbitrum drove open-interest change of 14.67% for USDC.


Borrow utilization shock at Aave-V3/optimism forced collateral repricing against USDC under deep liquidity.


Funding and basis pressure on Drift/solana drove open-interest change of 14.74% for SOL.


Large holder flow into Curve-Fi/arbitrum pushed modeled impact on WETH to 67 bps.


Bridge delay on optimism rose to 78s, distorting exit routing for WETH on Aave-V3.


Aave-V3 on optimism saw stale pricing on USDC; oracle age 132s and venue divergence 184 bps.


Aave-V3 liquidity on ethereum compressed to a thin band while WETH collateral repriced under stress.


Large holder flow into Meteora/solana pushed modeled impact on SOL to 190 bps.


LST basis on Marinade/solana for SOL drifted 134 bps during redemption stress.


Aave-V3 liquidity on arbitrum compressed to a normal band while WETH collateral repriced under stress.


Bridge delay on arbitrum rose to 277s, distorting exit routing for USDC on Aave-V3.


Aave-V3 liquidity on ethereum compressed to a normal band while USDC collateral repriced under stress.


Aave-V3 liquidity on optimism compressed to a deep band while WETH collateral repriced under stress.


Borrow utilization shock at Kamino/solana forced collateral repricing against SOL under normal liquidity.


Funding and basis pressure on GMX/arbitrum drove open-interest change of 10.38% for USDC.


Uniswap-V3 on optimism saw stale pricing on WETH; oracle age 76s and venue divergence 226 bps.


Borrow utilization shock at Aave-V3/arbitrum forced collateral repricing against WBTC under thin liquidity.


Aave-V3 liquidity on ethereum compressed to a fragile band while USDC collateral repriced under stress.


Bridge delay on optimism rose to 352s, distorting exit routing for WETH on Aave-V3.


Governance concentration at Aave-V3/arbitrum coincided with elevated congestion and treasury-adjacent risk for WETH.


LST basis on Marinade/solana for SOL drifted 323 bps during redemption stress.


Governance concentration at MakerDAO/ethereum coincided with elevated congestion and treasury-adjacent risk for USDC.


Borrow utilization shock at Aave-V3/ethereum forced collateral repricing against WETH under deep liquidity.


Bridge delay on arbitrum rose to 56s, distorting exit routing for WBTC on GMX.


Aave-V3 on arbitrum saw stale pricing on WBTC; oracle age 3554s and venue divergence 144 bps.


LST basis on Marinade/solana for mSOL drifted 257 bps during redemption stress.


Large holder flow into Uniswap-V3/arbitrum pushed modeled impact on WBTC to 381 bps.


Governance concentration at Aave-V3/optimism coincided with elevated congestion and treasury-adjacent risk for WBTC.


Cross-venue liquidity for WBTC on Uniswap-V3/ethereum fragmented with 170 bps expected impact.


Uniswap-V3 on arbitrum saw stale pricing on WBTC; oracle age 2686s and venue divergence 134 bps.


Redemption pressure in Orca/solana destabilized USDC liquidity with venue divergence 35 bps.


Funding and basis pressure on GMX/arbitrum drove open-interest change of 3.64% for WBTC.


Bridge delay on ethereum rose to 529s, distorting exit routing for USDC on Uniswap-V3.


Aave-V3 liquidity on arbitrum compressed to a thin band while stETH collateral repriced under stress.


Cross-venue liquidity for USDC on Jupiter/solana fragmented with 50 bps expected impact.


Large holder flow into Curve-Fi/optimism pushed modeled impact on WETH to 106 bps.


Governance concentration at Synthetix/optimism coincided with elevated congestion and treasury-adjacent risk for WETH.


Cross-venue liquidity for WETH on Uniswap-V3/arbitrum fragmented with 191 bps expected impact.


LST basis on Kamino/solana for JitoSOL drifted 97 bps during redemption stress.


Redemption pressure in Jupiter/solana destabilized SOL liquidity with venue divergence 284 bps.


Aave-V3 on arbitrum saw stale pricing on WETH; oracle age 2888s and venue divergence 185 bps.


Funding and basis pressure on GMX/arbitrum drove open-interest change of -2.3% for WETH.


Large holder flow into Curve-Fi/ethereum pushed modeled impact on USDC to 104 bps.


Redemption pressure in Jupiter/solana destabilized USDC liquidity with venue divergence 147 bps.


Governance concentration at Aave-V3/optimism coincided with elevated congestion and treasury-adjacent risk for USDC.


Governance concentration at Curve-Fi/ethereum coincided with elevated congestion and treasury-adjacent risk for USDC.


Governance concentration at Curve-Fi/arbitrum coincided with elevated congestion and treasury-adjacent risk for USDC.


Cross-venue liquidity for WETH on Curve-Fi/ethereum fragmented with 24 bps expected impact.


Bridge delay on arbitrum rose to 515s, distorting exit routing for WETH on GMX.


Large holder flow into Curve-Fi/arbitrum pushed modeled impact on USDC to 192 bps.


Borrow utilization shock at Aave-V3/optimism forced collateral repricing against WBTC under thin liquidity.


Large holder flow into Orca/solana pushed modeled impact on mSOL to 346 bps.


Curve-Fi liquidity on ethereum compressed to a deep band while WETH collateral repriced under stress.


Redemption pressure in Curve-Fi/ethereum destabilized USDC liquidity with venue divergence 442 bps.


Large holder flow into Uniswap-V3/ethereum pushed modeled impact on WBTC to 168 bps.


Funding and basis pressure on Drift/solana drove open-interest change of 23.2% for USDC.


LST basis on Kamino/solana for JitoSOL drifted 307 bps during redemption stress.


Governance concentration at Aave-V3/arbitrum coincided with elevated congestion and treasury-adjacent risk for WETH.


MakerDAO on ethereum saw stale pricing on USDC; oracle age 2677s and venue divergence 212 bps.


LST basis on Lido/ethereum for WETH drifted 298 bps during redemption stress.


Redemption pressure in Curve-Fi/ethereum destabilized WETH liquidity with venue divergence 241 bps.


Curve-Fi liquidity on ethereum compressed to a thin band while stETH collateral repriced under stress.


Curve-Fi liquidity on arbitrum compressed to a thin band while stETH collateral repriced under stress.


Borrow utilization shock at Aave-V3/ethereum forced collateral repricing against USDC under fragile liquidity.


Borrow utilization shock at Aave-V3/optimism forced collateral repricing against WETH under thin liquidity.


Funding and basis pressure on GMX/arbitrum drove open-interest change of 7.08% for WETH.


Uniswap-V3 on arbitrum saw stale pricing on stETH; oracle age 50s and venue divergence 242 bps.


Cross-venue liquidity for WETH on Curve-Fi/optimism fragmented with 155 bps expected impact.


Cross-venue liquidity for SOL on Drift/solana fragmented with 142 bps expected impact.


Bridge delay on ethereum rose to 73s, distorting exit routing for USDC on Uniswap-V3.


LST basis on Marinade/solana for SOL drifted 29 bps during redemption stress.


Large holder flow into Jupiter/solana pushed modeled impact on USDC to 184 bps.


MakerDAO liquidity on ethereum compressed to a fragile band while USDC collateral repriced under stress.


Governance concentration at Curve-Fi/optimism coincided with elevated congestion and treasury-adjacent risk for WETH.


LST basis on Lido/ethereum for stETH drifted 204 bps during redemption stress.


Bridge delay on ethereum rose to 647s, distorting exit routing for USDC on Aave-V3.


Borrow utilization shock at Kamino/solana forced collateral repricing against USDC under thin liquidity.


Bridge delay on ethereum rose to 357s, distorting exit routing for WETH on Uniswap-V3.


Redemption pressure in Curve-Fi/ethereum destabilized WETH liquidity with venue divergence 197 bps.


Large holder flow into Curve-Fi/optimism pushed modeled impact on WETH to 84 bps.


Funding and basis pressure on GMX/arbitrum drove open-interest change of 11.64% for WETH.


Bridge delay on optimism rose to 354s, distorting exit routing for USDC on Uniswap-V3.


LST basis on Kamino/solana for JitoSOL drifted 219 bps during redemption stress.


Governance concentration at Aave-V3/ethereum coincided with elevated congestion and treasury-adjacent risk for WETH.


Cross-venue liquidity for USDC on Uniswap-V3/optimism fragmented with 65 bps expected impact.


Redemption pressure in Uniswap-V3/ethereum destabilized USDC liquidity with venue divergence 365 bps.


Aave-V3 liquidity on ethereum compressed to a thin band while WETH collateral repriced under stress.


Bridge delay on arbitrum rose to 420s, distorting exit routing for WETH on Aave-V3.


Large holder flow into Uniswap-V3/optimism pushed modeled impact on WETH to 91 bps.


Bridge delay on arbitrum rose to 198s, distorting exit routing for WETH on GMX.


Large holder flow into Uniswap-V3/arbitrum pushed modeled impact on WBTC to 322 bps.


Borrow utilization shock at Aave-V3/arbitrum forced collateral repricing against WETH under thin liquidity.


Large holder flow into Curve-Fi/ethereum pushed modeled impact on USDC to 143 bps.


Large holder flow into Curve-Fi/optimism pushed modeled impact on WETH to 149 bps.


Redemption pressure in Curve-Fi/ethereum destabilized USDC liquidity with venue divergence 153 bps.


LST basis on Lido/ethereum for WETH drifted 132 bps during redemption stress.


Uniswap-V3 on arbitrum saw stale pricing on USDC; oracle age 3316s and venue divergence 216 bps.


Uniswap-V3 on arbitrum saw stale pricing on stETH; oracle age 2875s and venue divergence 261 bps.


Bridge delay on arbitrum rose to 475s, distorting exit routing for USDC on Aave-V3.


Bridge delay on optimism rose to 792s, distorting exit routing for USDC on Uniswap-V3.


Cross-venue liquidity for WETH on Curve-Fi/optimism fragmented with 89 bps expected impact.


Large holder flow into Uniswap-V3/optimism pushed modeled impact on WBTC to 185 bps.


Governance concentration at Aave-V3/optimism coincided with elevated congestion and treasury-adjacent risk for WBTC.


LST basis on Lido/ethereum for stETH drifted 160 bps during redemption stress.


Bridge delay on arbitrum rose to 103s, distorting exit routing for WBTC on Uniswap-V3.


Governance concentration at Synthetix/optimism coincided with elevated congestion and treasury-adjacent risk for WETH.


Large holder flow into Curve-Fi/arbitrum pushed modeled impact on USDC to 180 bps.


Governance concentration at Curve-Fi/ethereum coincided with elevated congestion and treasury-adjacent risk for WETH.


Borrow utilization shock at Aave-V3/arbitrum forced collateral repricing against WBTC under thin liquidity.


Large holder flow into Uniswap-V3/ethereum pushed modeled impact on WETH to 28 bps.


Borrow utilization shock at Aave-V3/ethereum forced collateral repricing against WBTC under fragile liquidity.


Large holder flow into Curve-Fi/ethereum pushed modeled impact on WETH to 250 bps.


Cross-venue liquidity for USDC on Jupiter/solana fragmented with 170 bps expected impact.


LST basis on Kamino/solana for JitoSOL drifted 224 bps during redemption stress.


Cross-venue liquidity for USDC on Curve-Fi/arbitrum fragmented with 176 bps expected impact.


Aave-V3 on arbitrum saw stale pricing on WBTC; oracle age 255s and venue divergence 215 bps.


MakerDAO liquidity on ethereum compressed to a fragile band while USDC collateral repriced under stress.


Curve-Fi liquidity on ethereum compressed to a normal band while stETH collateral repriced under stress.


Borrow utilization shock at Aave-V3/arbitrum forced collateral repricing against WETH under fragile liquidity.


LST basis on Kamino/solana for JitoSOL drifted 94 bps during redemption stress.


LST basis on Marinade/solana for mSOL drifted 45 bps during redemption stress.


Cross-venue liquidity for USDC on Uniswap-V3/optimism fragmented with 114 bps expected impact.


Curve-Fi liquidity on optimism compressed to a normal band while USDC collateral repriced under stress.


Aave-V3 on ethereum saw stale pricing on USDC; oracle age 253s and venue divergence 85 bps.


Redemption pressure in Curve-Fi/ethereum destabilized USDC liquidity with venue divergence 132 bps.


Borrow utilization shock at Aave-V3/optimism forced collateral repricing against USDC under normal liquidity.


Curve-Fi liquidity on optimism compressed to a deep band while stETH collateral repriced under stress.


Cross-venue liquidity for WBTC on Uniswap-V3/optimism fragmented with 16 bps expected impact.


Borrow utilization shock at Kamino/solana forced collateral repricing against SOL under normal liquidity.


Aave-V3 on optimism saw stale pricing on USDC; oracle age 2713s and venue divergence 107 bps.


Curve-Fi liquidity on arbitrum compressed to a normal band while WETH collateral repriced under stress.


Large holder flow into Curve-Fi/ethereum pushed modeled impact on USDC to 113 bps.


Large holder flow into Curve-Fi/arbitrum pushed modeled impact on USDC to 250 bps.


LST basis on Lido/ethereum for WETH drifted 169 bps during redemption stress.


Curve-Fi liquidity on ethereum compressed to a normal band while USDC collateral repriced under stress.


LST basis on Kamino/solana for JitoSOL drifted 180 bps during redemption stress.


Cross-venue liquidity for WETH on Curve-Fi/arbitrum fragmented with 49 bps expected impact.


Governance concentration at Curve-Fi/arbitrum coincided with elevated congestion and treasury-adjacent risk for WETH.


Cross-venue liquidity for WETH on Uniswap-V3/optimism fragmented with 16 bps expected impact.


Funding and basis pressure on Drift/solana drove open-interest change of 6.46% for SOL.


MakerDAO on ethereum saw stale pricing on WETH; oracle age 99s and venue divergence 273 bps.


Aave-V3 liquidity on arbitrum compressed to a thin band while USDC collateral repriced under stress.


Cross-venue liquidity for SOL on Jupiter/solana fragmented with 86 bps expected impact.


Governance concentration at Curve-Fi/ethereum coincided with elevated congestion and treasury-adjacent risk for USDC.


Governance concentration at Aave-V3/ethereum coincided with elevated congestion and treasury-adjacent risk for WETH.


Large holder flow into Uniswap-V3/arbitrum pushed modeled impact on WBTC to 329 bps.


Redemption pressure in Orca/solana destabilized USDC liquidity with venue divergence 122 bps.


Redemption pressure in Uniswap-V3/ethereum destabilized WETH liquidity with venue divergence 279 bps.


Uniswap-V3 on ethereum saw stale pricing on WBTC; oracle age 3050s and venue divergence 210 bps.


Uniswap-V3 on arbitrum saw stale pricing on WBTC; oracle age 3928s and venue divergence 94 bps.


Governance concentration at Aave-V3/arbitrum coincided with elevated congestion and treasury-adjacent risk for WETH.


Aave-V3 on arbitrum saw stale pricing on stETH; oracle age 3518s and venue divergence 65 bps.


Borrow utilization shock at Aave-V3/ethereum forced collateral repricing against USDC under thin liquidity.


Cross-venue liquidity for WBTC on Uniswap-V3/ethereum fragmented with 287 bps expected impact.


Redemption pressure in Uniswap-V3/ethereum destabilized USDC liquidity with venue divergence 105 bps.


Redemption pressure in Uniswap-V3/ethereum destabilized USDC liquidity with venue divergence 322 bps.


Bridge delay on arbitrum rose to 484s, distorting exit routing for WETH on Aave-V3.


LST basis on Marinade/solana for mSOL drifted 137 bps during redemption stress.


Curve-Fi liquidity on optimism compressed to a normal band while WETH collateral repriced under stress.


Cross-venue liquidity for USDC on Curve-Fi/ethereum fragmented with 145 bps expected impact.


Redemption pressure in Curve-Fi/ethereum destabilized WETH liquidity with venue divergence 345 bps.


Governance concentration at Curve-Fi/optimism coincided with elevated congestion and treasury-adjacent risk for WETH.


Uniswap-V3 on optimism saw stale pricing on USDC; oracle age 3680s and venue divergence 92 bps.


LST basis on Lido/ethereum for WETH drifted 217 bps during redemption stress.


Governance concentration at MakerDAO/ethereum coincided with elevated congestion and treasury-adjacent risk for WETH.


Governance concentration at Curve-Fi/ethereum coincided with elevated congestion and treasury-adjacent risk for USDC.


Bridge delay on ethereum rose to 96s, distorting exit routing for USDC on Aave-V3.


Aave-V3 liquidity on arbitrum compressed to a thin band while WBTC collateral repriced under stress.


Governance concentration at Curve-Fi/arbitrum coincided with elevated congestion and treasury-adjacent risk for WETH.


LST basis on Kamino/solana for JitoSOL drifted 217 bps during redemption stress.


Funding and basis pressure on Drift/solana drove open-interest change of 27.52% for USDC.


Cross-venue liquidity for SOL on Jupiter/solana fragmented with 13 bps expected impact.


Borrow utilization shock at Aave-V3/optimism forced collateral repricing against WBTC under thin liquidity.


Uniswap-V3 on ethereum saw stale pricing on USDC; oracle age 3514s and venue divergence 402 bps.


Cross-venue liquidity for USDC on Uniswap-V3/ethereum fragmented with 55 bps expected impact.


Aave-V3 on optimism saw stale pricing on USDC; oracle age 3536s and venue divergence 67 bps.


Governance concentration at Aave-V3/arbitrum coincided with elevated congestion and treasury-adjacent risk for WETH.


Borrow utilization shock at Aave-V3/ethereum forced collateral repricing against WBTC under thin liquidity.


Borrow utilization shock at Aave-V3/ethereum forced collateral repricing against USDC under deep liquidity.


Curve-Fi liquidity on optimism compressed to a normal band while WETH collateral repriced under stress.


Aave-V3 on optimism saw stale pricing on USDC; oracle age 72s and venue divergence 214 bps.


Governance concentration at Synthetix/optimism coincided with elevated congestion and treasury-adjacent risk for WETH.


MakerDAO liquidity on ethereum compressed to a normal band while WBTC collateral repriced under stress.


Funding and basis pressure on GMX/arbitrum drove open-interest change of -9.52% for USDC.


LST basis on Marinade/solana for mSOL drifted 210 bps during redemption stress.


Cross-venue liquidity for USDC on Curve-Fi/ethereum fragmented with 185 bps expected impact.


Uniswap-V3 on ethereum saw stale pricing on WETH; oracle age 126s and venue divergence 76 bps.


Redemption pressure in Uniswap-V3/ethereum destabilized WETH liquidity with venue divergence 428 bps.


LST basis on Marinade/solana for mSOL drifted 174 bps during redemption stress.


Governance concentration at Aave-V3/optimism coincided with elevated congestion and treasury-adjacent risk for WBTC.


Uniswap-V3 on arbitrum saw stale pricing on stETH; oracle age 104s and venue divergence 47 bps.


Governance concentration at Curve-Fi/optimism coincided with elevated congestion and treasury-adjacent risk for USDC.


Large holder flow into Jupiter/solana pushed modeled impact on mSOL to 50 bps.


Bridge delay on ethereum rose to 733s, distorting exit routing for WBTC on MakerDAO.


Governance concentration at Aave-V3/ethereum coincided with elevated congestion and treasury-adjacent risk for WETH.


Governance concentration at Curve-Fi/arbitrum coincided with elevated congestion and treasury-adjacent risk for USDC.


Redemption pressure in Jupiter/solana destabilized SOL liquidity with venue divergence 42 bps.


Large holder flow into Jupiter/solana pushed modeled impact on SOL to 179 bps.


Bridge delay on optimism rose to 179s, distorting exit routing for USDC on Aave-V3.


Cross-venue liquidity for USDC on Curve-Fi/arbitrum fragmented with 106 bps expected impact.


Redemption pressure in Uniswap-V3/ethereum destabilized USDC liquidity with venue divergence 110 bps.


Bridge delay on ethereum rose to 72s, distorting exit routing for WETH on Uniswap-V3.


Funding and basis pressure on Drift/solana drove open-interest change of 33.19% for USDC.


Curve-Fi liquidity on optimism compressed to a normal band while USDC collateral repriced under stress.


Redemption pressure in Orca/solana destabilized SOL liquidity with venue divergence 40 bps.


Cross-venue liquidity for WETH on Curve-Fi/optimism fragmented with 74 bps expected impact.


Governance concentration at Aave-V3/optimism coincided with elevated congestion and treasury-adjacent risk for WETH.


Bridge delay on ethereum rose to 97s, distorting exit routing for WETH on Aave-V3.


Borrow utilization shock at Kamino/solana forced collateral repricing against USDC under normal liquidity.


Bridge delay on ethereum rose to 715s, distorting exit routing for WBTC on Aave-V3.


LST basis on Marinade/solana for mSOL drifted 165 bps during redemption stress.


Governance concentration at Aave-V3/ethereum coincided with elevated congestion and treasury-adjacent risk for WBTC.


MakerDAO on ethereum saw stale pricing on WBTC; oracle age 2911s and venue divergence 62 bps.


Bridge delay on arbitrum rose to 170s, distorting exit routing for WETH on GMX.


Funding and basis pressure on Drift/solana drove open-interest change of 28.63% for SOL.


Bridge delay on ethereum rose to 302s, distorting exit routing for WBTC on MakerDAO.