Bridge delay on arbitrum rose to 255s, distorting exit routing for USDC on Aave-V3.


Bridge delay on arbitrum rose to 158s, distorting exit routing for WETH on Aave-V3.


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


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


MakerDAO on ethereum saw stale pricing on USDC; oracle age 222s and venue divergence 245 bps.


Funding and basis pressure on GMX/arbitrum drove open-interest change of -7.77% for WBTC.


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


Funding and basis pressure on GMX/arbitrum drove open-interest change of 4.12% for WBTC.


Cross-venue liquidity for WETH on Curve-Fi/optimism fragmented with 69 bps expected impact.


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


Aave-V3 on arbitrum saw stale pricing on WBTC; oracle age 3419s and venue divergence 233 bps.


Large holder flow into Curve-Fi/optimism pushed modeled impact on WETH to 101 bps.


Aave-V3 on optimism saw stale pricing on WBTC; oracle age 47s and venue divergence 223 bps.


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


Large holder flow into Curve-Fi/ethereum pushed modeled impact on WETH to 62 bps.


Bridge delay on arbitrum rose to 156s, distorting exit routing for WETH on Aave-V3.


Large holder flow into Curve-Fi/optimism pushed modeled impact on WETH to 171 bps.


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


Uniswap-V3 on arbitrum saw stale pricing on WETH; oracle age 3424s and venue divergence 58 bps.


Bridge delay on optimism rose to 344s, distorting exit routing for USDC on Aave-V3.


Funding and basis pressure on GMX/arbitrum drove open-interest change of -7.68% for WBTC.


Funding and basis pressure on GMX/arbitrum drove open-interest change of 35.66% for USDC.


Uniswap-V3 on arbitrum saw stale pricing on WETH; oracle age 120s and venue divergence 198 bps.


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


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


Uniswap-V3 on ethereum saw stale pricing on USDC; oracle age 2884s and venue divergence 178 bps.


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


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


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


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


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


Large holder flow into Curve-Fi/ethereum pushed modeled impact on USDC to 177 bps.


Redemption pressure in Uniswap-V3/ethereum destabilized USDC liquidity with venue divergence 336 bps.


Cross-venue liquidity for USDC on Uniswap-V3/ethereum fragmented with 143 bps expected impact.


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


Funding and basis pressure on Drift/solana drove open-interest change of 11.34% for SOL.


Bridge delay on arbitrum rose to 302s, distorting exit routing for WETH on Aave-V3.


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


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


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


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


Redemption pressure in Uniswap-V3/ethereum destabilized WETH liquidity with venue divergence 215 bps.


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


Redemption pressure in Orca/solana destabilized USDC liquidity with venue divergence 93 bps.


Funding and basis pressure on GMX/arbitrum drove open-interest change of 3.06% for USDC.


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


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


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


Aave-V3 on optimism saw stale pricing on USDC; oracle age 180s and venue divergence 120 bps.


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


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


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


Cross-venue liquidity for USDC on Curve-Fi/ethereum fragmented with 254 bps expected impact.


LST basis on Kamino/solana for JitoSOL drifted 47 bps during redemption stress.


LST basis on Kamino/solana for JitoSOL drifted 261 bps during redemption stress.


Funding and basis pressure on GMX/arbitrum drove open-interest change of 25.32% for USDC.


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


Cross-venue liquidity for WETH on Curve-Fi/ethereum fragmented with 205 bps expected impact.


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


Large holder flow into Curve-Fi/arbitrum pushed modeled impact on WETH to 150 bps.


Redemption pressure in Curve-Fi/ethereum destabilized WETH liquidity with venue divergence 243 bps.


Uniswap-V3 on arbitrum saw stale pricing on WETH; oracle age 3460s and venue divergence 334 bps.


Large holder flow into Curve-Fi/ethereum pushed modeled impact on USDC to 182 bps.


Redemption pressure in Orca/solana destabilized SOL liquidity with venue divergence 180 bps.


LST basis on Marinade/solana for SOL drifted 79 bps during redemption stress.


LST basis on Lido/ethereum for WETH drifted 181 bps during redemption stress.


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


Bridge delay on ethereum rose to 712s, distorting exit routing for WETH on Uniswap-V3.


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


LST basis on Lido/ethereum for WETH drifted 98 bps during redemption stress.


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


Uniswap-V3 on ethereum saw stale pricing on WETH; oracle age 2942s and venue divergence 76 bps.


Uniswap-V3 on arbitrum saw stale pricing on USDC; oracle age 181s and venue divergence 241 bps.


Uniswap-V3 on ethereum saw stale pricing on WBTC; oracle age 231s and venue divergence 199 bps.


Funding and basis pressure on GMX/arbitrum drove open-interest change of 25.55% for USDC.


Large holder flow into Curve-Fi/arbitrum pushed modeled impact on WETH to 192 bps.


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


Funding and basis pressure on GMX/arbitrum drove open-interest change of 19.57% for USDC.


Cross-venue liquidity for WBTC on Uniswap-V3/arbitrum fragmented with 182 bps expected impact.


Redemption pressure in Orca/solana destabilized SOL liquidity with venue divergence 166 bps.


Bridge delay on optimism rose to 292s, distorting exit routing for WETH on Aave-V3.


Funding and basis pressure on GMX/arbitrum drove open-interest change of 7.15% for WETH.


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


LST basis on Lido/ethereum for WETH drifted 392 bps during redemption stress.


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


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


Cross-venue liquidity for USDC on Jupiter/solana fragmented with 201 bps expected impact.


Large holder flow into Jupiter/solana pushed modeled impact on USDC to 299 bps.


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


Bridge delay on arbitrum rose to 388s, distorting exit routing for WETH on GMX.


Large holder flow into Orca/solana pushed modeled impact on SOL to 260 bps.


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


Redemption pressure in Jupiter/solana destabilized USDC liquidity with venue divergence 219 bps.


Redemption pressure in Curve-Fi/ethereum destabilized USDC liquidity with venue divergence 251 bps.


Funding and basis pressure on Drift/solana drove open-interest change of 10.74% for USDC.


Bridge delay on ethereum rose to 646s, distorting exit routing for USDC on Uniswap-V3.


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


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


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


Cross-venue liquidity for SOL on Jupiter/solana fragmented with 126 bps expected impact.


Cross-venue liquidity for WETH on Curve-Fi/ethereum fragmented with 122 bps expected impact.


Redemption pressure in Curve-Fi/ethereum destabilized USDC liquidity with venue divergence 173 bps.


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


LST basis on Lido/ethereum for WETH drifted 82 bps during redemption stress.


Aave-V3 on arbitrum saw stale pricing on stETH; oracle age 2978s and venue divergence 209 bps.


Bridge delay on ethereum rose to 475s, distorting exit routing for WBTC on Uniswap-V3.


Funding and basis pressure on Drift/solana drove open-interest change of 2.88% for USDC.


Cross-venue liquidity for USDC on Curve-Fi/optimism fragmented with 153 bps expected impact.


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


Cross-venue liquidity for USDC on Uniswap-V3/arbitrum fragmented with 84 bps expected impact.


Redemption pressure in Orca/solana destabilized USDC liquidity with venue divergence 280 bps.


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


Redemption pressure in Jupiter/solana destabilized USDC liquidity with venue divergence 179 bps.


Bridge delay on arbitrum rose to 729s, distorting exit routing for USDC on Aave-V3.


Funding and basis pressure on GMX/arbitrum drove open-interest change of 4.84% for WBTC.


Cross-venue liquidity for WETH on Curve-Fi/optimism fragmented with 76 bps expected impact.


Redemption pressure in Curve-Fi/ethereum destabilized USDC liquidity with venue divergence 101 bps.


Cross-venue liquidity for USDC on Uniswap-V3/arbitrum fragmented with 214 bps expected impact.


Funding and basis pressure on Drift/solana drove open-interest change of 19.13% for USDC.


Funding and basis pressure on GMX/arbitrum drove open-interest change of 15.17% for USDC.


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


Uniswap-V3 on ethereum saw stale pricing on stETH; oracle age 2735s and venue divergence 147 bps.


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


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


Funding and basis pressure on GMX/arbitrum drove open-interest change of 22.85% for WETH.


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


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


Large holder flow into Curve-Fi/ethereum pushed modeled impact on USDC to 135 bps.


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


Funding and basis pressure on Drift/solana drove open-interest change of 27.81% for SOL.


Redemption pressure in Uniswap-V3/ethereum destabilized USDC liquidity with venue divergence 315 bps.


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


Cross-venue liquidity for SOL on Drift/solana fragmented with 210 bps expected impact.


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


LST basis on Lido/ethereum for stETH drifted 36 bps during redemption stress.


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


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


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


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


Cross-venue liquidity for USDC on Orca/solana fragmented with 135 bps expected impact.


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 4.18% for USDC.


Cross-venue liquidity for WETH on Uniswap-V3/optimism fragmented with 293 bps expected impact.


Large holder flow into Uniswap-V3/optimism pushed modeled impact on USDC to 89 bps.


Cross-venue liquidity for USDC on Curve-Fi/ethereum fragmented with 133 bps expected impact.


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


Governance concentration at Aave-V3/ethereum 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.


Redemption pressure in Uniswap-V3/ethereum destabilized USDC liquidity with venue divergence 381 bps.


Large holder flow into Uniswap-V3/ethereum pushed modeled impact on WETH to 274 bps.


Redemption pressure in Curve-Fi/ethereum destabilized WETH liquidity with venue divergence 30 bps.


LST basis on Lido/ethereum for WETH drifted 304 bps during redemption stress.


Funding and basis pressure on GMX/arbitrum drove open-interest change of -11.14% for USDC.


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


MakerDAO on ethereum saw stale pricing on WBTC; oracle age 163s and venue divergence 61 bps.


Bridge delay on arbitrum rose to 141s, distorting exit routing for WBTC on Aave-V3.


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


Large holder flow into Curve-Fi/ethereum pushed modeled impact on USDC to 44 bps.


LST basis on Lido/ethereum for stETH drifted 268 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 WBTC; oracle age 155s and venue divergence 36 bps.


MakerDAO on ethereum saw stale pricing on WBTC; oracle age 3937s and venue divergence 378 bps.


Bridge delay on ethereum rose to 577s, distorting exit routing for WBTC on MakerDAO.


Bridge delay on optimism rose to 132s, distorting exit routing for WBTC on Aave-V3.


Large holder flow into Curve-Fi/optimism pushed modeled impact on USDC to 100 bps.


Funding and basis pressure on Drift/solana drove open-interest change of 12.75% for USDC.


Redemption pressure in Orca/solana destabilized SOL liquidity with venue divergence 301 bps.


Funding and basis pressure on Drift/solana drove open-interest change of 5.8% for SOL.


LST basis on Lido/ethereum for stETH drifted 147 bps during redemption stress.


Bridge delay on arbitrum rose to 411s, distorting exit routing for WETH on Aave-V3.


Uniswap-V3 on optimism saw stale pricing on WBTC; oracle age 161s and venue divergence 212 bps.


Funding and basis pressure on GMX/arbitrum drove open-interest change of 17.12% for USDC.


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


Large holder flow into Jupiter/solana pushed modeled impact on SOL to 132 bps.


Cross-venue liquidity for USDC on Uniswap-V3/optimism fragmented with 92 bps expected impact.


Funding and basis pressure on Drift/solana drove open-interest change of 34.46% for USDC.


Cross-venue liquidity for SOL on Jupiter/solana fragmented with 84 bps expected impact.


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


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


Uniswap-V3 on optimism saw stale pricing on WBTC; oracle age 3865s and venue divergence 170 bps.


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


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


LST basis on Marinade/solana for mSOL drifted 53 bps during redemption stress.


Aave-V3 on arbitrum saw stale pricing on USDC; oracle age 244s and venue divergence 88 bps.


Funding and basis pressure on GMX/arbitrum drove open-interest change of 25.64% for WETH.


Uniswap-V3 on ethereum saw stale pricing on WBTC; oracle age 3325s and venue divergence 282 bps.


Funding and basis pressure on GMX/arbitrum drove open-interest change of 20.87% for USDC.


LST basis on Lido/ethereum for WETH drifted 487 bps during redemption stress.


Uniswap-V3 on arbitrum saw stale pricing on WETH; oracle age 3613s and venue divergence 118 bps.


Funding and basis pressure on GMX/arbitrum drove open-interest change of 18.07% for USDC.


LST basis on Marinade/solana for SOL drifted 204 bps during redemption stress.


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


LST basis on Lido/ethereum for stETH drifted 153 bps during redemption stress.


Redemption pressure in Uniswap-V3/ethereum destabilized WETH liquidity with venue divergence 60 bps.


LST basis on Lido/ethereum for stETH drifted 165 bps during redemption stress.


Cross-venue liquidity for USDC on Drift/solana fragmented with 30 bps expected impact.


LST basis on Kamino/solana for SOL drifted 367 bps during redemption stress.


LST basis on Lido/ethereum for WETH drifted 32 bps during redemption stress.


Cross-venue liquidity for WBTC on Uniswap-V3/ethereum fragmented with 95 bps expected impact.


Funding and basis pressure on Drift/solana drove open-interest change of 23.72% for USDC.


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


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


Redemption pressure in Jupiter/solana destabilized USDC liquidity with venue divergence 76 bps.


Bridge delay on optimism rose to 256s, distorting exit routing for WETH on Uniswap-V3.


Cross-venue liquidity for WBTC on Uniswap-V3/ethereum fragmented with 256 bps expected impact.


Aave-V3 on optimism saw stale pricing on WBTC; oracle age 3923s and venue divergence 261 bps.


LST basis on Lido/ethereum for stETH drifted 325 bps during redemption stress.


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


Uniswap-V3 on ethereum saw stale pricing on WETH; oracle age 34s and venue divergence 184 bps.


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


MakerDAO on ethereum saw stale pricing on WETH; oracle age 3842s and venue divergence 382 bps.


Funding and basis pressure on GMX/arbitrum drove open-interest change of 8.61% for WBTC.


Redemption pressure in Orca/solana destabilized USDC liquidity with venue divergence 57 bps.


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


Aave-V3 on optimism saw stale pricing on WETH; oracle age 3487s and venue divergence 251 bps.


Redemption pressure in Curve-Fi/ethereum destabilized USDC liquidity with venue divergence 275 bps.


Uniswap-V3 on optimism saw stale pricing on WETH; oracle age 2843s and venue divergence 164 bps.


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


Funding and basis pressure on GMX/arbitrum drove open-interest change of 32.12% for USDC.


Large holder flow into Curve-Fi/optimism pushed modeled impact on WETH to 147 bps.


Large holder flow into Curve-Fi/arbitrum pushed modeled impact on USDC to 212 bps.


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


Funding and basis pressure on GMX/arbitrum drove open-interest change of 10.89% for WETH.


Redemption pressure in Uniswap-V3/ethereum destabilized USDC liquidity with venue divergence 99 bps.


MakerDAO on ethereum saw stale pricing on USDC; oracle age 2816s and venue divergence 109 bps.


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


Bridge delay on optimism rose to 26s, distorting exit routing for WETH on Aave-V3.


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


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


Aave-V3 on optimism saw stale pricing on WETH; oracle age 48s and venue divergence 84 bps.


Uniswap-V3 on optimism saw stale pricing on stETH; oracle age 245s and venue divergence 282 bps.


Funding and basis pressure on Drift/solana drove open-interest change of -0.25% for SOL.


Uniswap-V3 on arbitrum saw stale pricing on WETH; oracle age 3698s and venue divergence 88 bps.


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


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


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


LST basis on Marinade/solana for mSOL drifted 80 bps during redemption stress.


Aave-V3 on optimism saw stale pricing on WETH; oracle age 243s and venue divergence 60 bps.


Uniswap-V3 on ethereum saw stale pricing on USDC; oracle age 3248s and venue divergence 68 bps.


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


Funding and basis pressure on Drift/solana drove open-interest change of 32.82% for USDC.


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


Aave-V3 on arbitrum saw stale pricing on stETH; oracle age 3865s and venue divergence 289 bps.


Cross-venue liquidity for WETH on Curve-Fi/ethereum fragmented with 60 bps expected impact.


Large holder flow into Curve-Fi/arbitrum pushed modeled impact on WETH to 204 bps.


Large holder flow into Curve-Fi/ethereum pushed modeled impact on WETH to 261 bps.


Large holder flow into Curve-Fi/optimism pushed modeled impact on USDC to 156 bps.


Cross-venue liquidity for WBTC on Uniswap-V3/arbitrum fragmented with 100 bps expected impact.


Uniswap-V3 on arbitrum saw stale pricing on USDC; oracle age 44s and venue divergence 95 bps.


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


Aave-V3 on optimism saw stale pricing on stETH; oracle age 2821s and venue divergence 71 bps.


MakerDAO on ethereum saw stale pricing on USDC; oracle age 3082s and venue divergence 86 bps.


Large holder flow into Uniswap-V3/optimism pushed modeled impact on WBTC to 132 bps.


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


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 348 bps.


Funding and basis pressure on Drift/solana drove open-interest change of 5.26% for USDC.


Bridge delay on arbitrum rose to 104s, distorting exit routing for WBTC on GMX.


Cross-venue liquidity for USDC on Curve-Fi/ethereum fragmented with 146 bps expected impact.


Funding and basis pressure on GMX/arbitrum drove open-interest change of -7.84% for USDC.


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


Large holder flow into Uniswap-V3/ethereum pushed modeled impact on WBTC to 183 bps.


Large holder flow into Curve-Fi/optimism pushed modeled impact on WETH to 284 bps.


Bridge delay on arbitrum rose to 322s, distorting exit routing for USDC on GMX.


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


MakerDAO on ethereum saw stale pricing on WETH; oracle age 3766s and venue divergence 194 bps.


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


LST basis on Kamino/solana for SOL drifted 127 bps during redemption stress.


Large holder flow into Jupiter/solana pushed modeled impact on SOL to 99 bps.


Bridge delay on optimism rose to 255s, distorting exit routing for WBTC on Aave-V3.


Funding and basis pressure on Drift/solana drove open-interest change of 21.36% for USDC.


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


Bridge delay on arbitrum rose to 608s, distorting exit routing for WETH on Aave-V3.


Large holder flow into Curve-Fi/ethereum pushed modeled impact on WETH to 60 bps.


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


Redemption pressure in Curve-Fi/ethereum destabilized WETH liquidity with venue divergence 147 bps.


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


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


Funding and basis pressure on GMX/arbitrum drove open-interest change of 23.45% for WETH.


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


Large holder flow into Jupiter/solana pushed modeled impact on USDC to 211 bps.


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


Large holder flow into Curve-Fi/arbitrum pushed modeled impact on WETH to 58 bps.


Cross-venue liquidity for USDC on Uniswap-V3/arbitrum fragmented with 162 bps expected impact.


Bridge delay on arbitrum rose to 596s, distorting exit routing for WETH on Uniswap-V3.


Aave-V3 on arbitrum saw stale pricing on USDC; oracle age 224s and venue divergence 125 bps.


Funding and basis pressure on Drift/solana drove open-interest change of 30.99% for USDC.


Bridge delay on arbitrum rose to 729s, distorting exit routing for USDC on Uniswap-V3.


Funding and basis pressure on GMX/arbitrum drove open-interest change of 21.2% for WETH.


Uniswap-V3 on ethereum saw stale pricing on WBTC; oracle age 3973s and venue divergence 269 bps.


Bridge delay on ethereum rose to 518s, distorting exit routing for USDC on MakerDAO.


Redemption pressure in Curve-Fi/ethereum destabilized WETH liquidity with venue divergence 101 bps.


Large holder flow into Curve-Fi/optimism pushed modeled impact on USDC to 84 bps.


Aave-V3 on arbitrum saw stale pricing on USDC; oracle age 3950s and venue divergence 315 bps.


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


Redemption pressure in Jupiter/solana destabilized SOL liquidity with venue divergence 113 bps.


Redemption pressure in Curve-Fi/ethereum destabilized USDC liquidity with venue divergence 485 bps.


Cross-venue liquidity for WETH on Curve-Fi/ethereum fragmented with 33 bps expected impact.


Bridge delay on ethereum rose to 136s, distorting exit routing for WETH on Uniswap-V3.


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


Governance concentration at Curve-Fi/arbitrum 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.


Aave-V3 on arbitrum saw stale pricing on WBTC; oracle age 3644s and venue divergence 229 bps.


Bridge delay on optimism rose to 522s, distorting exit routing for WBTC on Aave-V3.


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


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


Funding and basis pressure on Drift/solana drove open-interest change of -6.82% for USDC.


Cross-venue liquidity for WBTC on Uniswap-V3/ethereum fragmented with 121 bps expected impact.


Funding and basis pressure on GMX/arbitrum drove open-interest change of 27.55% for WETH.


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


Bridge delay on ethereum rose to 377s, distorting exit routing for USDC on Uniswap-V3.


Bridge delay on arbitrum rose to 259s, distorting exit routing for WBTC on GMX.


Funding and basis pressure on Drift/solana drove open-interest change of 20.13% for SOL.


Cross-venue liquidity for WETH on Curve-Fi/ethereum fragmented with 100 bps expected impact.


Funding and basis pressure on Drift/solana drove open-interest change of 19.92% for USDC.


Large holder flow into Orca/solana pushed modeled impact on USDC to 200 bps.


Redemption pressure in Orca/solana destabilized USDC liquidity with venue divergence 303 bps.


Redemption pressure in Jupiter/solana destabilized SOL liquidity with venue divergence 290 bps.


Funding and basis pressure on Drift/solana drove open-interest change of 3.36% for USDC.


Funding and basis pressure on GMX/arbitrum drove open-interest change of -6.43% for USDC.


Cross-venue liquidity for WETH on Uniswap-V3/ethereum fragmented with 22 bps expected impact.


Aave-V3 on ethereum saw stale pricing on stETH; oracle age 2902s and venue divergence 34 bps.


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


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


Large holder flow into Uniswap-V3/optimism pushed modeled impact on WBTC to 153 bps.


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


Funding and basis pressure on Drift/solana drove open-interest change of 17.22% for USDC.


Large holder flow into Uniswap-V3/ethereum pushed modeled impact on WETH to 89 bps.


Funding and basis pressure on Drift/solana drove open-interest change of 7.64% for USDC.


LST basis on Lido/ethereum for WETH drifted 80 bps during redemption stress.


MakerDAO on ethereum saw stale pricing on USDC; oracle age 58s and venue divergence 167 bps.


Aave-V3 on ethereum saw stale pricing on WETH; oracle age 209s and venue divergence 69 bps.


Uniswap-V3 on arbitrum saw stale pricing on stETH; oracle age 99s and venue divergence 129 bps.


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


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


Funding and basis pressure on GMX/arbitrum drove open-interest change of 25.42% for WBTC.


Large holder flow into Jupiter/solana pushed modeled impact on USDC to 229 bps.


LST basis on Lido/ethereum for WETH drifted 98 bps during redemption stress.


Uniswap-V3 on ethereum saw stale pricing on WETH; oracle age 140s and venue divergence 72 bps.


LST basis on Marinade/solana for mSOL drifted 147 bps during redemption stress.


Cross-venue liquidity for WBTC on Uniswap-V3/arbitrum fragmented with 198 bps expected impact.


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


Redemption pressure in Curve-Fi/ethereum destabilized USDC liquidity with venue divergence 193 bps.


Redemption pressure in Curve-Fi/ethereum destabilized USDC liquidity with venue divergence 150 bps.


Redemption pressure in Jupiter/solana destabilized USDC liquidity with venue divergence 158 bps.


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


Funding and basis pressure on Drift/solana drove open-interest change of 8.16% for SOL.


Funding and basis pressure on GMX/arbitrum drove open-interest change of 14.63% for WBTC.


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


Funding and basis pressure on GMX/arbitrum drove open-interest change of 6.98% for WBTC.


Large holder flow into Orca/solana pushed modeled impact on SOL to 164 bps.


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


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


Large holder flow into Curve-Fi/ethereum pushed modeled impact on USDC to 165 bps.


Large holder flow into Uniswap-V3/arbitrum pushed modeled impact on WETH to 232 bps.


LST basis on Lido/ethereum for WETH drifted 250 bps during redemption stress.


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


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


LST basis on Lido/ethereum for stETH drifted 168 bps during redemption stress.


Cross-venue liquidity for WETH on Uniswap-V3/ethereum fragmented with 220 bps expected impact.


Large holder flow into Uniswap-V3/optimism pushed modeled impact on WETH to 202 bps.


Bridge delay on optimism rose to 135s, distorting exit routing for USDC on Uniswap-V3.


LST basis on Lido/ethereum for stETH drifted 357 bps during redemption stress.


Redemption pressure in Curve-Fi/ethereum destabilized USDC liquidity with venue divergence 148 bps.


Aave-V3 on arbitrum saw stale pricing on USDC; oracle age 3262s and venue divergence 139 bps.


LST basis on Lido/ethereum for WETH drifted 332 bps during redemption stress.


Funding and basis pressure on GMX/arbitrum drove open-interest change of -8.29% for USDC.


Large holder flow into Orca/solana pushed modeled impact on SOL to 40 bps.


Large holder flow into Uniswap-V3/optimism pushed modeled impact on WETH to 32 bps.


Funding and basis pressure on Drift/solana drove open-interest change of -9.56% for SOL.


Funding and basis pressure on Drift/solana drove open-interest change of -0.37% for USDC.


Bridge delay on optimism rose to 75s, distorting exit routing for USDC on Uniswap-V3.


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


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


Funding and basis pressure on GMX/arbitrum drove open-interest change of 27.02% for WETH.


Funding and basis pressure on Drift/solana drove open-interest change of 13.39% for USDC.


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


Cross-venue liquidity for USDC on Jupiter/solana fragmented with 59 bps expected impact.


Redemption pressure in Uniswap-V3/ethereum destabilized USDC liquidity with venue divergence 169 bps.


Funding and basis pressure on Drift/solana drove open-interest change of 0.47% for SOL.


Uniswap-V3 on ethereum saw stale pricing on USDC; oracle age 136s and venue divergence 270 bps.


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


LST basis on Lido/ethereum for stETH drifted 94 bps during redemption stress.


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


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


Bridge delay on arbitrum rose to 416s, distorting exit routing for WETH on Aave-V3.


Redemption pressure in Curve-Fi/ethereum destabilized USDC liquidity with venue divergence 300 bps.


Bridge delay on arbitrum rose to 407s, distorting exit routing for WETH on Aave-V3.


Large holder flow into Curve-Fi/arbitrum pushed modeled impact on WETH to 271 bps.


Uniswap-V3 on arbitrum saw stale pricing on WBTC; oracle age 112s and venue divergence 37 bps.


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


Uniswap-V3 on arbitrum saw stale pricing on WBTC; oracle age 3779s and venue divergence 87 bps.


Large holder flow into Uniswap-V3/arbitrum pushed modeled impact on USDC to 312 bps.


Large holder flow into Uniswap-V3/ethereum pushed modeled impact on WBTC to 101 bps.


Funding and basis pressure on Drift/solana drove open-interest change of 15.86% for USDC.


Bridge delay on ethereum rose to 291s, distorting exit routing for WBTC on MakerDAO.


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


Bridge delay on ethereum rose to 142s, distorting exit routing for USDC on MakerDAO.


Bridge delay on arbitrum rose to 361s, distorting exit routing for USDC on Uniswap-V3.


Cross-venue liquidity for SOL on Drift/solana fragmented with 182 bps expected impact.


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


Uniswap-V3 on optimism saw stale pricing on WETH; oracle age 73s and venue divergence 63 bps.


LST basis on Lido/ethereum for stETH drifted 65 bps during redemption stress.


Cross-venue liquidity for WETH on Uniswap-V3/optimism fragmented with 41 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/ethereum fragmented with 336 bps expected impact.


Funding and basis pressure on GMX/arbitrum drove open-interest change of 25.63% for USDC.


LST basis on Lido/ethereum for WETH drifted 174 bps during redemption stress.


Cross-venue liquidity for WBTC on Uniswap-V3/arbitrum fragmented with 240 bps expected impact.


MakerDAO on ethereum saw stale pricing on USDC; oracle age 3617s and venue divergence 71 bps.


Cross-venue liquidity for USDC on Curve-Fi/ethereum fragmented with 193 bps expected impact.


Aave-V3 on optimism saw stale pricing on WETH; oracle age 27s and venue divergence 90 bps.


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


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


Large holder flow into Curve-Fi/optimism pushed modeled impact on WETH to 70 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 WETH under deep liquidity.


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


Uniswap-V3 on arbitrum saw stale pricing on WBTC; oracle age 2767s and venue divergence 236 bps.


Curve-Fi 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 USDC.


Funding and basis pressure on GMX/arbitrum drove open-interest change of 18.67% for WBTC.


Redemption pressure in Uniswap-V3/ethereum destabilized WETH liquidity with venue divergence 172 bps.


Bridge delay on ethereum rose to 137s, distorting exit routing for WBTC on Aave-V3.


Funding and basis pressure on Drift/solana drove open-interest change of -4.4% for USDC.


LST basis on Kamino/solana for SOL drifted 152 bps during redemption stress.


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


Uniswap-V3 on arbitrum saw stale pricing on stETH; oracle age 3986s and venue divergence 235 bps.


LST basis on Lido/ethereum for stETH drifted 195 bps during redemption stress.


Bridge delay on optimism rose to 386s, distorting exit routing for WETH on Uniswap-V3.


Uniswap-V3 on ethereum saw stale pricing on stETH; oracle age 3005s and venue divergence 65 bps.


Funding and basis pressure on GMX/arbitrum drove open-interest change of 0.36% for WETH.


Cross-venue liquidity for USDC on Curve-Fi/optimism fragmented with 267 bps expected impact.


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


Cross-venue liquidity for USDC on Uniswap-V3/ethereum fragmented with 149 bps expected impact.


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


Funding and basis pressure on GMX/arbitrum drove open-interest change of -1.28% for WETH.


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


LST basis on Kamino/solana for JitoSOL drifted 89 bps during redemption stress.


Large holder flow into Curve-Fi/optimism pushed modeled impact on USDC to 161 bps.


Redemption pressure in Orca/solana destabilized USDC liquidity with venue divergence 409 bps.


Redemption pressure in Curve-Fi/ethereum destabilized WETH liquidity with venue divergence 78 bps.


Cross-venue liquidity for USDC on Orca/solana fragmented with 194 bps expected impact.


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


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


Cross-venue liquidity for SOL on Jupiter/solana fragmented with 223 bps expected impact.


Bridge delay on optimism rose to 465s, distorting exit routing for USDC on Uniswap-V3.


LST basis on Kamino/solana for SOL drifted 319 bps during redemption stress.


LST basis on Kamino/solana for SOL drifted 317 bps during redemption stress.


Large holder flow into Curve-Fi/optimism pushed modeled impact on WETH to 141 bps.


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


Cross-venue liquidity for USDC on Curve-Fi/arbitrum fragmented with 40 bps expected impact.


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


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


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


Cross-venue liquidity for USDC on Curve-Fi/ethereum fragmented with 213 bps expected impact.


Funding and basis pressure on Drift/solana drove open-interest change of 6.04% for SOL.


MakerDAO on ethereum saw stale pricing on WETH; oracle age 2843s and venue divergence 90 bps.


Bridge delay on optimism rose to 596s, distorting exit routing for WBTC on Aave-V3.


Uniswap-V3 on ethereum saw stale pricing on WETH; oracle age 3761s and venue divergence 393 bps.


Redemption pressure in Jupiter/solana destabilized SOL liquidity with venue divergence 139 bps.


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


Funding and basis pressure on GMX/arbitrum drove open-interest change of 26.42% for WBTC.


Cross-venue liquidity for WETH on Uniswap-V3/ethereum fragmented with 171 bps expected impact.


Funding and basis pressure on Drift/solana drove open-interest change of -4.52% for USDC.


Bridge delay on optimism rose to 125s, distorting exit routing for USDC on Aave-V3.


LST basis on Lido/ethereum for WETH drifted 255 bps during redemption stress.


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


Funding and basis pressure on GMX/arbitrum drove open-interest change of 9.43% for WBTC.


LST basis on Kamino/solana for JitoSOL drifted 90 bps during redemption stress.


LST basis on Lido/ethereum for WETH drifted 161 bps during redemption stress.


LST basis on Marinade/solana for SOL drifted 51 bps during redemption stress.


Uniswap-V3 on ethereum saw stale pricing on USDC; oracle age 176s and venue divergence 27 bps.


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


Large holder flow into Meteora/solana pushed modeled impact on SOL to 42 bps.


Redemption pressure in Uniswap-V3/ethereum destabilized USDC liquidity with venue divergence 85 bps.


LST basis on Lido/ethereum for stETH drifted 214 bps during redemption stress.


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


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


Funding and basis pressure on GMX/arbitrum drove open-interest change of 16.39% for WETH.


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


LST basis on Marinade/solana for mSOL drifted 130 bps during redemption stress.


Redemption pressure in Curve-Fi/ethereum destabilized USDC liquidity with venue divergence 407 bps.


Redemption pressure in Jupiter/solana destabilized SOL liquidity with venue divergence 255 bps.


Bridge delay on optimism rose to 93s, distorting exit routing for USDC on Aave-V3.


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


Bridge delay on arbitrum rose to 478s, distorting exit routing for WETH on Aave-V3.


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


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


Cross-venue liquidity for USDC on Drift/solana fragmented with 245 bps expected impact.


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


Uniswap-V3 on arbitrum saw stale pricing on WBTC; oracle age 2807s and venue divergence 333 bps.


Redemption pressure in Uniswap-V3/ethereum destabilized USDC liquidity with venue divergence 264 bps.


Large holder flow into Curve-Fi/ethereum pushed modeled impact on WETH to 110 bps.


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


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


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


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


Redemption pressure in Curve-Fi/ethereum destabilized WETH liquidity with venue divergence 283 bps.


MakerDAO on ethereum saw stale pricing on WBTC; oracle age 3797s and venue divergence 312 bps.


Large holder flow into Uniswap-V3/optimism pushed modeled impact on WBTC to 86 bps.


Bridge delay on arbitrum rose to 533s, distorting exit routing for WETH on Uniswap-V3.


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


Funding and basis pressure on Drift/solana drove open-interest change of 24.4% for USDC.


Bridge delay on arbitrum rose to 705s, distorting exit routing for WETH on Aave-V3.


Aave-V3 on arbitrum saw stale pricing on WETH; oracle age 3037s and venue divergence 81 bps.


Redemption pressure in Jupiter/solana destabilized USDC liquidity with venue divergence 361 bps.


Bridge delay on optimism rose to 84s, distorting exit routing for USDC on Aave-V3.


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


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


Cross-venue liquidity for SOL on Orca/solana fragmented with 296 bps expected impact.


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


Cross-venue liquidity for SOL on Drift/solana fragmented with 85 bps expected impact.


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


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


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


Bridge delay on arbitrum rose to 502s, distorting exit routing for USDC on Aave-V3.


Redemption pressure in Orca/solana destabilized SOL liquidity with venue divergence 320 bps.


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


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


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


Bridge delay on arbitrum rose to 388s, 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 Uniswap-V3/arbitrum pushed modeled impact on USDC to 163 bps.


LST basis on Marinade/solana for SOL drifted 183 bps during redemption stress.


Funding and basis pressure on Drift/solana drove open-interest change of -9.07% for SOL.


Redemption pressure in Uniswap-V3/ethereum destabilized USDC liquidity with venue divergence 78 bps.


Cross-venue liquidity for WBTC on Uniswap-V3/arbitrum fragmented with 13 bps expected impact.


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


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


Large holder flow into Uniswap-V3/arbitrum pushed modeled impact on WETH to 198 bps.


Large holder flow into Uniswap-V3/optimism pushed modeled impact on WBTC to 86 bps.


Redemption pressure in Uniswap-V3/ethereum destabilized USDC liquidity with venue divergence 195 bps.


Bridge delay on ethereum rose to 235s, distorting exit routing for USDC on Aave-V3.


Funding and basis pressure on GMX/arbitrum drove open-interest change of 2.26% for WETH.


Large holder flow into Curve-Fi/ethereum pushed modeled impact on USDC to 174 bps.


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


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


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


Funding and basis pressure on GMX/arbitrum drove open-interest change of 4.04% for WBTC.


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


Redemption pressure in Orca/solana destabilized USDC liquidity with venue divergence 124 bps.


Large holder flow into Meteora/solana pushed modeled impact on mSOL to 53 bps.


Cross-venue liquidity for WETH on Curve-Fi/optimism fragmented with 211 bps expected impact.


Cross-venue liquidity for WETH on Uniswap-V3/ethereum fragmented with 175 bps expected impact.


Cross-venue liquidity for SOL on Drift/solana fragmented with 107 bps expected impact.


Aave-V3 on ethereum saw stale pricing on WETH; oracle age 3005s and venue divergence 171 bps.


Funding and basis pressure on GMX/arbitrum drove open-interest change of 19.78% for USDC.


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


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


Cross-venue liquidity for USDC on Uniswap-V3/ethereum fragmented with 142 bps expected impact.


Large holder flow into Curve-Fi/ethereum pushed modeled impact on USDC to 177 bps.


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


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


Redemption pressure in Orca/solana destabilized SOL liquidity with venue divergence 169 bps.


Funding and basis pressure on GMX/arbitrum drove open-interest change of 22.01% for WETH.


Large holder flow into Uniswap-V3/arbitrum pushed modeled impact on WETH to 65 bps.


Funding and basis pressure on Drift/solana drove open-interest change of 29.74% for SOL.


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 mSOL to 125 bps.


Bridge delay on optimism rose to 566s, distorting exit routing for USDC on Uniswap-V3.


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


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


Uniswap-V3 on arbitrum saw stale pricing on WETH; oracle age 3896s and venue divergence 273 bps.


Redemption pressure in Orca/solana destabilized SOL liquidity with venue divergence 312 bps.


LST basis on Kamino/solana for JitoSOL drifted 351 bps during redemption stress.


Bridge delay on ethereum rose to 315s, distorting exit routing for USDC on Aave-V3.


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


Large holder flow into Uniswap-V3/arbitrum pushed modeled impact on WETH to 268 bps.


Redemption pressure in Curve-Fi/ethereum destabilized WETH liquidity with venue divergence 47 bps.


Redemption pressure in Orca/solana destabilized USDC liquidity with venue divergence 115 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 27.12% for USDC.


Cross-venue liquidity for WBTC on Uniswap-V3/arbitrum fragmented with 198 bps expected impact.


Funding and basis pressure on GMX/arbitrum drove open-interest change of 9.13% for USDC.


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


LST basis on Kamino/solana for JitoSOL drifted 27 bps during redemption stress.


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


Redemption pressure in Curve-Fi/ethereum destabilized USDC liquidity with venue divergence 214 bps.


Large holder flow into Curve-Fi/optimism pushed modeled impact on WETH to 186 bps.


LST basis on Lido/ethereum for WETH drifted 267 bps during redemption stress.


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


Cross-venue liquidity for WETH on Uniswap-V3/arbitrum fragmented with 217 bps expected impact.


Funding and basis pressure on Drift/solana drove open-interest change of 12.57% for SOL.


Cross-venue liquidity for USDC on Uniswap-V3/ethereum fragmented with 276 bps expected impact.


Bridge delay on optimism rose to 204s, distorting exit routing for WBTC on Uniswap-V3.


Large holder flow into Uniswap-V3/optimism pushed modeled impact on WETH to 250 bps.


LST basis on Kamino/solana for SOL drifted 161 bps during redemption stress.


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


Bridge delay on arbitrum rose to 399s, distorting exit routing for WETH on Aave-V3.


LST basis on Lido/ethereum for stETH drifted 91 bps during redemption stress.


Bridge delay on ethereum rose to 418s, distorting exit routing for WETH on Aave-V3.


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


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


Redemption pressure in Uniswap-V3/ethereum destabilized WETH liquidity with venue divergence 234 bps.


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 WBTC.


Redemption pressure in Uniswap-V3/ethereum destabilized WETH liquidity with venue divergence 180 bps.


Funding and basis pressure on Drift/solana drove open-interest change of 19.59% for USDC.


Uniswap-V3 on optimism saw stale pricing on USDC; oracle age 2767s and venue divergence 130 bps.


Uniswap-V3 on optimism saw stale pricing on WETH; oracle age 3937s and venue divergence 300 bps.


Funding and basis pressure on GMX/arbitrum drove open-interest change of 24.38% for WBTC.


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


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


Funding and basis pressure on Drift/solana drove open-interest change of 32.09% for USDC.


Aave-V3 on arbitrum saw stale pricing on WETH; oracle age 3815s and venue divergence 64 bps.


Redemption pressure in Jupiter/solana destabilized SOL liquidity with venue divergence 114 bps.


Bridge delay on ethereum rose to 211s, distorting exit routing for USDC on Uniswap-V3.


Uniswap-V3 on optimism saw stale pricing on WETH; oracle age 3401s and venue divergence 81 bps.


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


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


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


Redemption pressure in Jupiter/solana destabilized SOL liquidity with venue divergence 182 bps.


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


Redemption pressure in Curve-Fi/ethereum destabilized USDC liquidity with venue divergence 254 bps.


Funding and basis pressure on GMX/arbitrum drove open-interest change of 28.09% for WETH.


Uniswap-V3 on optimism saw stale pricing on WETH; oracle age 3050s and venue divergence 146 bps.


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


Bridge delay on optimism rose to 200s, distorting exit routing for WBTC on Uniswap-V3.


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


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


LST basis on Lido/ethereum for stETH drifted 147 bps during redemption stress.


LST basis on Marinade/solana for SOL drifted 223 bps during redemption stress.


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


Uniswap-V3 on ethereum saw stale pricing on WETH; oracle age 3397s and venue divergence 67 bps.


Bridge delay on arbitrum rose to 10s, distorting exit routing for WBTC on GMX.


Funding and basis pressure on GMX/arbitrum drove open-interest change of 26.25% for WETH.


LST basis on Marinade/solana for SOL drifted 240 bps during redemption stress.


Funding and basis pressure on Drift/solana drove open-interest change of 1.28% for USDC.


Redemption pressure in Curve-Fi/ethereum destabilized WETH liquidity with venue divergence 132 bps.


Large holder flow into Jupiter/solana pushed modeled impact on USDC to 120 bps.


Bridge delay on optimism rose to 91s, distorting exit routing for USDC on Aave-V3.


LST basis on Kamino/solana for mSOL drifted 193 bps during redemption stress.


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


Uniswap-V3 on arbitrum saw stale pricing on stETH; oracle age 43s and venue divergence 127 bps.


LST basis on Kamino/solana for JitoSOL drifted 279 bps during redemption stress.


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


Large holder flow into Curve-Fi/arbitrum pushed modeled impact on WETH to 116 bps.


Aave-V3 on arbitrum saw stale pricing on USDC; oracle age 3167s and venue divergence 203 bps.


Funding and basis pressure on GMX/arbitrum drove open-interest change of 13.85% for WETH.


Uniswap-V3 on optimism saw stale pricing on WBTC; oracle age 45s and venue divergence 69 bps.


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


Cross-venue liquidity for WETH on Uniswap-V3/arbitrum fragmented with 146 bps expected impact.


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


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


Redemption pressure in Uniswap-V3/ethereum destabilized WETH liquidity with venue divergence 34 bps.


Cross-venue liquidity for SOL on Drift/solana fragmented with 120 bps expected impact.


Large holder flow into Curve-Fi/ethereum pushed modeled impact on USDC to 166 bps.


Aave-V3 on arbitrum saw stale pricing on WBTC; oracle age 38s and venue divergence 192 bps.


Cross-venue liquidity for WETH on Curve-Fi/ethereum fragmented with 220 bps expected impact.


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


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


Funding and basis pressure on Drift/solana drove open-interest change of -8.65% for SOL.


Cross-venue liquidity for SOL on Drift/solana fragmented with 78 bps expected impact.


Bridge delay on arbitrum rose to 398s, distorting exit routing for USDC on Uniswap-V3.


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


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


LST basis on Lido/ethereum for WETH drifted 213 bps during redemption stress.


Large holder flow into Uniswap-V3/optimism pushed modeled impact on WETH to 196 bps.


Curve-Fi 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 -8.13% for WBTC.


Cross-venue liquidity for WBTC on Uniswap-V3/optimism fragmented with 22 bps expected impact.


Redemption pressure in Uniswap-V3/ethereum destabilized USDC liquidity with venue divergence 86 bps.


Aave-V3 on arbitrum saw stale pricing on stETH; oracle age 3221s and venue divergence 88 bps.


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


Bridge delay on ethereum rose to 659s, distorting exit routing for USDC on Aave-V3.


Aave-V3 on ethereum saw stale pricing on WETH; oracle age 94s and venue divergence 253 bps.


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


Large holder flow into Meteora/solana pushed modeled impact on SOL to 96 bps.


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


Aave-V3 on arbitrum saw stale pricing on WETH; oracle age 3144s and venue divergence 248 bps.


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


LST basis on Marinade/solana for SOL drifted 167 bps during redemption stress.


Bridge delay on optimism rose to 175s, distorting exit routing for WBTC on Uniswap-V3.


LST basis on Kamino/solana for SOL drifted 289 bps during redemption stress.


Funding and basis pressure on Drift/solana drove open-interest change of 14.22% for SOL.


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


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


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


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


Redemption pressure in Uniswap-V3/ethereum destabilized WETH liquidity with venue divergence 244 bps.


Cross-venue liquidity for SOL on Orca/solana fragmented with 55 bps expected impact.


Bridge delay on optimism rose to 40s, distorting exit routing for WETH on Uniswap-V3.


Cross-venue liquidity for USDC on Drift/solana fragmented with 283 bps expected impact.


Cross-venue liquidity for USDC on Jupiter/solana fragmented with 163 bps expected impact.


LST basis on Marinade/solana for SOL drifted 343 bps during redemption stress.


Cross-venue liquidity for WBTC on Uniswap-V3/ethereum fragmented with 96 bps expected impact.


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


Funding and basis pressure on GMX/arbitrum drove open-interest change of -10.2% for WETH.


Bridge delay on ethereum rose to 63s, distorting exit routing for USDC on Uniswap-V3.


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


Bridge delay on optimism rose to 431s, distorting exit routing for WBTC on Uniswap-V3.


Redemption pressure in Curve-Fi/ethereum destabilized USDC liquidity with venue divergence 193 bps.


Redemption pressure in Uniswap-V3/ethereum destabilized WETH liquidity with venue divergence 98 bps.


Aave-V3 on arbitrum saw stale pricing on WBTC; oracle age 3563s and venue divergence 145 bps.


Cross-venue liquidity for USDC on Drift/solana fragmented with 223 bps expected impact.


Large holder flow into Curve-Fi/arbitrum pushed modeled impact on USDC to 344 bps.


Bridge delay on arbitrum rose to 211s, distorting exit routing for WETH on Uniswap-V3.


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


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


Funding and basis pressure on Drift/solana drove open-interest change of -4.53% for SOL.


Funding and basis pressure on Drift/solana drove open-interest change of 6.0% for SOL.


Funding and basis pressure on Drift/solana drove open-interest change of 35.57% for USDC.


Uniswap-V3 on optimism saw stale pricing on WBTC; oracle age 3757s and venue divergence 321 bps.


Cross-venue liquidity for USDC on Drift/solana fragmented with 133 bps expected impact.


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


Large holder flow into Meteora/solana pushed modeled impact on mSOL to 38 bps.


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


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


Bridge delay on optimism rose to 259s, distorting exit routing for USDC on Uniswap-V3.


Bridge delay on optimism rose to 233s, distorting exit routing for WBTC on Uniswap-V3.


Redemption pressure in Curve-Fi/ethereum destabilized WETH liquidity with venue divergence 369 bps.


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


Bridge delay on optimism rose to 11s, distorting exit routing for WBTC on Aave-V3.


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


Uniswap-V3 on arbitrum saw stale pricing on WBTC; oracle age 42s and venue divergence 130 bps.


Redemption pressure in Curve-Fi/ethereum destabilized USDC liquidity with venue divergence 67 bps.


Redemption pressure in Jupiter/solana destabilized SOL liquidity with venue divergence 284 bps.


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


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


Uniswap-V3 on arbitrum saw stale pricing on WBTC; oracle age 226s and venue divergence 209 bps.


Bridge delay on ethereum rose to 725s, distorting exit routing for WETH on MakerDAO.


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


Redemption pressure in Jupiter/solana destabilized SOL liquidity with venue divergence 36 bps.


Large holder flow into Jupiter/solana pushed modeled impact on USDC to 198 bps.


Bridge delay on optimism rose to 337s, distorting exit routing for WETH on Aave-V3.


Cross-venue liquidity for USDC on Drift/solana fragmented with 51 bps expected impact.


Redemption pressure in Uniswap-V3/ethereum destabilized WETH liquidity with venue divergence 434 bps.


Funding and basis pressure on Drift/solana drove open-interest change of -1.89% for USDC.


Funding and basis pressure on Drift/solana drove open-interest change of -11.07% for USDC.


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


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


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


Redemption pressure in Orca/solana destabilized SOL liquidity with venue divergence 225 bps.


Large holder flow into Uniswap-V3/optimism pushed modeled impact on WBTC to 134 bps.


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


Redemption pressure in Jupiter/solana destabilized SOL liquidity with venue divergence 87 bps.


Funding and basis pressure on Drift/solana drove open-interest change of -10.06% for USDC.


Bridge delay on ethereum rose to 549s, distorting exit routing for USDC on Uniswap-V3.


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


Funding and basis pressure on GMX/arbitrum drove open-interest change of 8.79% for WBTC.


Redemption pressure in Curve-Fi/ethereum destabilized WETH liquidity with venue divergence 232 bps.


Funding and basis pressure on Drift/solana drove open-interest change of 14.24% for SOL.


Cross-venue liquidity for USDC on Curve-Fi/ethereum fragmented with 395 bps expected impact.


Aave-V3 on ethereum saw stale pricing on stETH; oracle age 18s and venue divergence 269 bps.


Bridge delay on arbitrum rose to 51s, distorting exit routing for WBTC on Uniswap-V3.


Cross-venue liquidity for WETH on Curve-Fi/arbitrum fragmented with 221 bps expected impact.


Funding and basis pressure on Drift/solana drove open-interest change of -3.45% for USDC.


Cross-venue liquidity for USDC on Curve-Fi/optimism fragmented with 64 bps expected impact.


Large holder flow into Curve-Fi/ethereum pushed modeled impact on WETH to 85 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 273 bps.


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


Redemption pressure in Jupiter/solana destabilized SOL liquidity with venue divergence 134 bps.


Redemption pressure in Curve-Fi/ethereum destabilized WETH liquidity with venue divergence 393 bps.


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


Cross-venue liquidity for USDC on Orca/solana fragmented with 202 bps expected impact.


Aave-V3 on optimism saw stale pricing on WBTC; oracle age 33s and venue divergence 80 bps.


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


Large holder flow into Meteora/solana pushed modeled impact on SOL to 67 bps.


LST basis on Marinade/solana for mSOL drifted 335 bps during redemption stress.


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


LST basis on Lido/ethereum for stETH drifted 103 bps during redemption stress.


Cross-venue liquidity for USDC on Curve-Fi/arbitrum fragmented with 261 bps expected impact.


Redemption pressure in Curve-Fi/ethereum destabilized WETH liquidity with venue divergence 157 bps.


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


Aave-V3 on arbitrum saw stale pricing on stETH; oracle age 3343s and venue divergence 169 bps.


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


Redemption pressure in Uniswap-V3/ethereum destabilized WETH liquidity with venue divergence 199 bps.


Large holder flow into Uniswap-V3/ethereum pushed modeled impact on WETH to 21 bps.


Redemption pressure in Orca/solana destabilized SOL liquidity with venue divergence 249 bps.


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


Bridge delay on optimism rose to 253s, distorting exit routing for USDC on Uniswap-V3.


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


Large holder flow into Curve-Fi/ethereum pushed modeled impact on WETH to 89 bps.


LST basis on Lido/ethereum for WETH drifted 426 bps during redemption stress.


Large holder flow into Jupiter/solana pushed modeled impact on USDC to 69 bps.


Cross-venue liquidity for USDC on Uniswap-V3/optimism fragmented with 89 bps expected impact.


Funding and basis pressure on GMX/arbitrum drove open-interest change of 4.92% for WETH.


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


Redemption pressure in Uniswap-V3/ethereum destabilized WETH liquidity with venue divergence 209 bps.


Large holder flow into Orca/solana pushed modeled impact on USDC to 123 bps.


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


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


Bridge delay on arbitrum rose to 144s, distorting exit routing for WBTC on Aave-V3.


LST basis on Marinade/solana for mSOL drifted 145 bps during redemption stress.


Bridge delay on ethereum rose to 274s, distorting exit routing for WBTC on Uniswap-V3.


Aave-V3 on optimism saw stale pricing on USDC; oracle age 2758s and venue divergence 318 bps.


Funding and basis pressure on Drift/solana drove open-interest change of 18.86% for SOL.


Bridge delay on optimism rose to 390s, distorting exit routing for WBTC on Uniswap-V3.


Cross-venue liquidity for WBTC on Uniswap-V3/ethereum fragmented with 30 bps expected impact.


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


Large holder flow into Uniswap-V3/ethereum pushed modeled impact on USDC to 255 bps.


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


MakerDAO on ethereum saw stale pricing on WBTC; oracle age 95s and venue divergence 47 bps.


Cross-venue liquidity for USDC on Orca/solana fragmented with 185 bps expected impact.


LST basis on Lido/ethereum for stETH drifted 44 bps during redemption stress.


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


Bridge delay on arbitrum rose to 447s, distorting exit routing for USDC on GMX.


Funding and basis pressure on GMX/arbitrum drove open-interest change of 30.93% for USDC.


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


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


Redemption pressure in Jupiter/solana destabilized USDC liquidity with venue divergence 409 bps.


Funding and basis pressure on Drift/solana drove open-interest change of -1.09% for SOL.


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


LST basis on Kamino/solana for mSOL drifted 153 bps during redemption stress.


Large holder flow into Curve-Fi/optimism pushed modeled impact on WETH to 68 bps.


Redemption pressure in Orca/solana destabilized SOL liquidity with venue divergence 226 bps.


Large holder flow into Uniswap-V3/arbitrum pushed modeled impact on USDC to 197 bps.


Large holder flow into Jupiter/solana pushed modeled impact on SOL to 120 bps.


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


Aave-V3 on optimism saw stale pricing on WBTC; oracle age 3626s and venue divergence 146 bps.


Bridge delay on arbitrum rose to 389s, distorting exit routing for WETH on Uniswap-V3.


Funding and basis pressure on GMX/arbitrum drove open-interest change of 10.49% for USDC.


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


Uniswap-V3 on optimism saw stale pricing on USDC; oracle age 2848s and venue divergence 236 bps.


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


Redemption pressure in Uniswap-V3/ethereum destabilized USDC liquidity with venue divergence 334 bps.


Bridge delay on optimism rose to 408s, distorting exit routing for USDC on Uniswap-V3.


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


Funding and basis pressure on Drift/solana drove open-interest change of 23.71% for SOL.


Bridge delay on arbitrum rose to 480s, distorting exit routing for WBTC on GMX.


Uniswap-V3 on arbitrum saw stale pricing on USDC; oracle age 26s and venue divergence 274 bps.


Funding and basis pressure on GMX/arbitrum drove open-interest change of 8.49% for USDC.


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


Large holder flow into Jupiter/solana pushed modeled impact on SOL to 100 bps.


LST basis on Kamino/solana for mSOL drifted 271 bps during redemption stress.


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


LST basis on Marinade/solana for SOL drifted 77 bps during redemption stress.


Bridge delay on optimism rose to 405s, distorting exit routing for WBTC on Uniswap-V3.


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


LST basis on Lido/ethereum for stETH drifted 314 bps during redemption stress.


Aave-V3 on arbitrum saw stale pricing on WETH; oracle age 3617s and venue divergence 185 bps.


Cross-venue liquidity for USDC on Orca/solana fragmented with 52 bps expected impact.


Redemption pressure in Jupiter/solana destabilized USDC liquidity with venue divergence 77 bps.


Aave-V3 on optimism saw stale pricing on USDC; oracle age 3797s and venue divergence 98 bps.


Bridge delay on ethereum rose to 415s, distorting exit routing for WETH on Aave-V3.


LST basis on Lido/ethereum for stETH drifted 200 bps during redemption stress.


Bridge delay on optimism rose to 715s, distorting exit routing for WBTC on Aave-V3.


Redemption pressure in Curve-Fi/ethereum destabilized USDC liquidity with venue divergence 104 bps.


Large holder flow into Curve-Fi/arbitrum pushed modeled impact on WETH to 26 bps.


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


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


Bridge delay on ethereum rose to 466s, distorting exit routing for USDC on Uniswap-V3.


Redemption pressure in Curve-Fi/ethereum destabilized WETH liquidity with venue divergence 113 bps.


Funding and basis pressure on GMX/arbitrum drove open-interest change of 26.09% for USDC.


Bridge delay on ethereum rose to 67s, distorting exit routing for WBTC on Aave-V3.


Aave-V3 on optimism saw stale pricing on stETH; oracle age 75s and venue divergence 73 bps.


LST basis on Marinade/solana for mSOL drifted 379 bps during redemption stress.


Aave-V3 on ethereum saw stale pricing on USDC; oracle age 2758s and venue divergence 156 bps.


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


Large holder flow into Orca/solana pushed modeled impact on USDC to 119 bps.


Bridge delay on arbitrum rose to 398s, distorting exit routing for USDC on Uniswap-V3.


Bridge delay on arbitrum rose to 42s, distorting exit routing for USDC on Uniswap-V3.


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


Bridge delay on optimism rose to 601s, distorting exit routing for USDC on Uniswap-V3.


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


Redemption pressure in Curve-Fi/ethereum destabilized USDC liquidity with venue divergence 54 bps.


LST basis on Marinade/solana for mSOL drifted 268 bps during redemption stress.


Funding and basis pressure on GMX/arbitrum drove open-interest change of -2.76% for USDC.


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


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


Cross-venue liquidity for USDC on Jupiter/solana fragmented with 136 bps expected impact.


Redemption pressure in Jupiter/solana destabilized SOL liquidity with venue divergence 240 bps.


Aave-V3 on optimism saw stale pricing on WBTC; oracle age 145s and venue divergence 162 bps.


Large holder flow into Uniswap-V3/optimism pushed modeled impact on WBTC to 180 bps.


Funding and basis pressure on GMX/arbitrum drove open-interest change of -10.34% for WBTC.


Cross-venue liquidity for WBTC on Uniswap-V3/arbitrum fragmented with 258 bps expected impact.


Funding and basis pressure on Drift/solana drove open-interest change of 9.7% for SOL.


LST basis on Lido/ethereum for stETH drifted 307 bps during redemption stress.


LST basis on Kamino/solana for SOL drifted 103 bps during redemption stress.


Cross-venue liquidity for WBTC on Uniswap-V3/ethereum fragmented with 177 bps expected impact.


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


Redemption pressure in Curve-Fi/ethereum destabilized USDC liquidity with venue divergence 36 bps.


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


Bridge delay on optimism rose to 614s, distorting exit routing for USDC on Uniswap-V3.


Bridge delay on optimism rose to 129s, distorting exit routing for WETH on Uniswap-V3.


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


Redemption pressure in Orca/solana destabilized USDC liquidity with venue divergence 31 bps.


Bridge delay on ethereum rose to 325s, distorting exit routing for WBTC on Uniswap-V3.


LST basis on Lido/ethereum for WETH drifted 113 bps during redemption stress.


LST basis on Kamino/solana for mSOL drifted 109 bps during redemption stress.


Redemption pressure in Curve-Fi/ethereum destabilized USDC liquidity with venue divergence 80 bps.


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


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


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


Bridge delay on optimism rose to 103s, distorting exit routing for USDC on Uniswap-V3.


LST basis on Lido/ethereum for WETH drifted 84 bps during redemption stress.


LST basis on Kamino/solana for JitoSOL drifted 221 bps during redemption stress.


Aave-V3 on optimism saw stale pricing on USDC; oracle age 120s and venue divergence 86 bps.


Funding and basis pressure on GMX/arbitrum drove open-interest change of 13.27% for WETH.


Bridge delay on ethereum rose to 671s, distorting exit routing for WETH on Aave-V3.


Large holder flow into Orca/solana pushed modeled impact on mSOL to 96 bps.


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


Redemption pressure in Jupiter/solana destabilized SOL liquidity with venue divergence 492 bps.


LST basis on Kamino/solana for SOL drifted 85 bps during redemption stress.


MakerDAO on ethereum saw stale pricing on USDC; oracle age 2956s and venue divergence 74 bps.


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


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


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


Large holder flow into Uniswap-V3/ethereum pushed modeled impact on WBTC to 221 bps.


Funding and basis pressure on Drift/solana drove open-interest change of 2.01% for USDC.


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


Cross-venue liquidity for USDC on Uniswap-V3/ethereum fragmented with 164 bps expected impact.


Bridge delay on ethereum rose to 464s, distorting exit routing for USDC on Uniswap-V3.


LST basis on Lido/ethereum for stETH drifted 128 bps during redemption stress.


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


MakerDAO on ethereum saw stale pricing on USDC; oracle age 3478s and venue divergence 391 bps.


Funding and basis pressure on GMX/arbitrum drove open-interest change of -5.19% for WETH.


Redemption pressure in Jupiter/solana destabilized SOL liquidity with venue divergence 202 bps.


Aave-V3 on arbitrum saw stale pricing on WETH; oracle age 3478s and venue divergence 72 bps.


Uniswap-V3 on arbitrum saw stale pricing on WETH; oracle age 3221s and venue divergence 273 bps.


Bridge delay on ethereum rose to 210s, distorting exit routing for WETH on Uniswap-V3.


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


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


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


Aave-V3 on optimism saw stale pricing on WETH; oracle age 145s and venue divergence 296 bps.


Uniswap-V3 on ethereum saw stale pricing on WBTC; oracle age 108s and venue divergence 123 bps.


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 22.96% for USDC.


Redemption pressure in Uniswap-V3/ethereum destabilized WETH liquidity with venue divergence 86 bps.


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


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


LST basis on Kamino/solana for mSOL drifted 235 bps during redemption stress.


Funding and basis pressure on Drift/solana drove open-interest change of 7.01% for SOL.


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


Large holder flow into Curve-Fi/ethereum pushed modeled impact on USDC to 167 bps.


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


Redemption pressure in Uniswap-V3/ethereum destabilized WETH liquidity with venue divergence 40 bps.


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


Uniswap-V3 on arbitrum saw stale pricing on WETH; oracle age 3694s and venue divergence 405 bps.


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


Large holder flow into Orca/solana pushed modeled impact on SOL to 93 bps.


Governance concentration at Aave-V3/optimism 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 WETH.


Cross-venue liquidity for SOL on Jupiter/solana fragmented with 161 bps expected impact.


Large holder flow into Uniswap-V3/ethereum pushed modeled impact on WBTC to 96 bps.


Funding and basis pressure on GMX/arbitrum drove open-interest change of 16.06% for WBTC.


Aave-V3 on optimism saw stale pricing on USDC; oracle age 3320s and venue divergence 111 bps.


Funding and basis pressure on GMX/arbitrum drove open-interest change of 11.21% for WETH.


Bridge delay on ethereum rose to 124s, distorting exit routing for USDC on MakerDAO.


Cross-venue liquidity for USDC on Curve-Fi/ethereum fragmented with 172 bps expected impact.


Funding and basis pressure on Drift/solana drove open-interest change of -1.61% for USDC.


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


Uniswap-V3 on arbitrum saw stale pricing on WETH; oracle age 2884s and venue divergence 261 bps.


Redemption pressure in Jupiter/solana destabilized SOL liquidity with venue divergence 235 bps.


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


LST basis on Lido/ethereum for stETH drifted 145 bps during redemption stress.


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


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


Cross-venue liquidity for USDC on Orca/solana fragmented with 144 bps expected impact.


Cross-venue liquidity for WETH on Uniswap-V3/optimism fragmented with 97 bps expected impact.


LST basis on Lido/ethereum for WETH drifted 56 bps during redemption stress.


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


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


Aave-V3 on optimism saw stale pricing on WBTC; oracle age 3325s and venue divergence 105 bps.


Redemption pressure in Orca/solana destabilized USDC liquidity with venue divergence 42 bps.


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


Bridge delay on arbitrum rose to 733s, distorting exit routing for WBTC on GMX.


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


Uniswap-V3 on ethereum saw stale pricing on USDC; oracle age 3838s and venue divergence 357 bps.


Curve-Fi 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 33.16% for WETH.


Large holder flow into Curve-Fi/ethereum pushed modeled impact on USDC to 207 bps.


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


Funding and basis pressure on GMX/arbitrum drove open-interest change of 27.2% for WETH.


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


Uniswap-V3 on optimism saw stale pricing on USDC; oracle age 3667s and venue divergence 273 bps.


Cross-venue liquidity for WETH on Curve-Fi/optimism fragmented with 88 bps expected impact.


Bridge delay on optimism rose to 25s, distorting exit routing for WBTC on Uniswap-V3.


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


Redemption pressure in Orca/solana destabilized USDC liquidity with venue divergence 178 bps.


Funding and basis pressure on GMX/arbitrum drove open-interest change of 20.67% for USDC.


Funding and basis pressure on Drift/solana drove open-interest change of 21.04% for USDC.


Bridge delay on ethereum rose to 431s, distorting exit routing for WBTC on Aave-V3.


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


Large holder flow into Uniswap-V3/ethereum pushed modeled impact on USDC to 108 bps.


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


Aave-V3 on optimism saw stale pricing on USDC; oracle age 3415s and venue divergence 50 bps.


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


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


Cross-venue liquidity for USDC on Curve-Fi/ethereum fragmented with 141 bps expected impact.


Bridge delay on ethereum rose to 694s, distorting exit routing for WBTC on Aave-V3.


Funding and basis pressure on Drift/solana drove open-interest change of 11.53% for USDC.


Large holder flow into Uniswap-V3/optimism pushed modeled impact on USDC to 110 bps.


Large holder flow into Uniswap-V3/arbitrum pushed modeled impact on WETH to 69 bps.


Uniswap-V3 on arbitrum saw stale pricing on WBTC; oracle age 2812s and venue divergence 67 bps.


Cross-venue liquidity for USDC on Orca/solana fragmented with 15 bps expected impact.


LST basis on Marinade/solana for SOL drifted 343 bps during redemption stress.


Funding and basis pressure on GMX/arbitrum drove open-interest change of 26.88% for WETH.


Large holder flow into Curve-Fi/ethereum pushed modeled impact on USDC to 253 bps.


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


Large holder flow into Curve-Fi/ethereum pushed modeled impact on WETH to 205 bps.


Large holder flow into Curve-Fi/optimism pushed modeled impact on USDC to 109 bps.


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


Large holder flow into Curve-Fi/ethereum pushed modeled impact on WETH to 178 bps.


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


Cross-venue liquidity for SOL on Drift/solana fragmented with 163 bps expected impact.


Curve-Fi liquidity on optimism compressed to a deep band while WETH 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 mSOL drifted 126 bps during redemption stress.


Governance concentration at Synthetix/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.


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


Large holder flow into Uniswap-V3/optimism pushed modeled impact on WETH to 197 bps.


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


Large holder flow into Uniswap-V3/optimism pushed modeled impact on WETH to 200 bps.


Cross-venue liquidity for USDC on Curve-Fi/arbitrum fragmented with 195 bps expected impact.


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


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


Bridge delay on arbitrum rose to 218s, distorting exit routing for USDC on GMX.


Large holder flow into Meteora/solana pushed modeled impact on SOL to 226 bps.


Large holder flow into Uniswap-V3/arbitrum pushed modeled impact on WETH to 35 bps.


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


Large holder flow into Curve-Fi/arbitrum pushed modeled impact on USDC to 96 bps.


Redemption pressure in Curve-Fi/ethereum destabilized WETH liquidity with venue divergence 141 bps.


Redemption pressure in Uniswap-V3/ethereum destabilized USDC liquidity with venue divergence 232 bps.


Funding and basis pressure on GMX/arbitrum drove open-interest change of 12.19% for WETH.


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


Redemption pressure in Uniswap-V3/ethereum destabilized USDC liquidity with venue divergence 162 bps.


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


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


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


Large holder flow into Curve-Fi/optimism pushed modeled impact on WETH to 21 bps.


Bridge delay on arbitrum rose to 321s, distorting exit routing for WETH on Uniswap-V3.


Bridge delay on ethereum rose to 587s, distorting exit routing for USDC on MakerDAO.


Large holder flow into Jupiter/solana pushed modeled impact on SOL to 240 bps.


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


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


Bridge delay on optimism rose to 519s, distorting exit routing for USDC on Aave-V3.


Redemption pressure in Jupiter/solana destabilized SOL liquidity with venue divergence 91 bps.


LST basis on Marinade/solana for SOL drifted 226 bps during redemption stress.