Large holder flow into Uniswap-V3/optimism pushed modeled impact on USDC to 48 bps.


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


Aave-V3 on optimism saw stale pricing on WETH; oracle age 213s and venue divergence 159 bps.


Bridge delay on optimism rose to 225s, distorting exit routing for USDC on Uniswap-V3.


Redemption pressure in Orca/solana destabilized SOL liquidity with venue divergence 97 bps.


Aave-V3 on optimism saw stale pricing on WETH; oracle age 3140s and venue divergence 50 bps.


Cross-venue liquidity for USDC on Uniswap-V3/arbitrum fragmented with 356 bps expected impact.


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


LST basis on Lido/ethereum for WETH drifted 280 bps during redemption stress.


Governance concentration at Aave-V3/arbitrum 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.


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


Cross-venue liquidity for WBTC on Uniswap-V3/arbitrum fragmented with 87 bps expected impact.


Bridge delay on optimism rose to 597s, distorting exit routing for USDC on Uniswap-V3.


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


Uniswap-V3 on arbitrum saw stale pricing on WETH; oracle age 77s and venue divergence 113 bps.


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


Cross-venue liquidity for WETH on Uniswap-V3/arbitrum fragmented with 45 bps expected impact.


Cross-venue liquidity for USDC on Curve-Fi/arbitrum fragmented with 43 bps expected impact.


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


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


Redemption pressure in Uniswap-V3/ethereum destabilized USDC liquidity with venue divergence 152 bps.


Uniswap-V3 on ethereum saw stale pricing on stETH; oracle age 3307s and venue divergence 157 bps.


Uniswap-V3 on arbitrum saw stale pricing on WBTC; oracle age 3401s and venue divergence 267 bps.


Cross-venue liquidity for WBTC on Uniswap-V3/optimism fragmented with 46 bps expected impact.


Bridge delay on ethereum rose to 614s, distorting exit routing for WETH on Uniswap-V3.


Redemption pressure in Orca/solana destabilized SOL liquidity with venue divergence 209 bps.


LST basis on Marinade/solana for SOL drifted 305 bps during redemption stress.


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


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


Bridge delay on ethereum rose to 210s, distorting exit routing for WETH on Uniswap-V3.


Redemption pressure in Orca/solana destabilized USDC liquidity with venue divergence 246 bps.


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


Cross-venue liquidity for USDC on Uniswap-V3/ethereum fragmented with 71 bps expected impact.


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


Large holder flow into Curve-Fi/ethereum pushed modeled impact on USDC to 228 bps.


Cross-venue liquidity for USDC on Uniswap-V3/ethereum fragmented with 167 bps expected impact.


Redemption pressure in Uniswap-V3/ethereum destabilized USDC liquidity with venue divergence 76 bps.


Cross-venue liquidity for WBTC on Uniswap-V3/optimism fragmented with 47 bps expected impact.


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


Cross-venue liquidity for SOL on Jupiter/solana fragmented with 24 bps expected impact.


Aave-V3 on optimism saw stale pricing on stETH; oracle age 164s and venue divergence 229 bps.


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


LST basis on Lido/ethereum for WETH drifted 41 bps during redemption stress.


Redemption pressure in Curve-Fi/ethereum destabilized WETH liquidity with venue divergence 57 bps.


Large holder flow into Uniswap-V3/optimism pushed modeled impact on USDC to 223 bps.


LST basis on Lido/ethereum for stETH drifted 30 bps during redemption stress.


Cross-venue liquidity for USDC on Jupiter/solana fragmented with 70 bps expected impact.


LST basis on Lido/ethereum for stETH drifted 237 bps during redemption stress.


Cross-venue liquidity for USDC on Uniswap-V3/optimism fragmented with 11 bps expected impact.


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


Aave-V3 on arbitrum saw stale pricing on stETH; oracle age 69s and venue divergence 178 bps.


Large holder flow into Orca/solana pushed modeled impact on SOL to 272 bps.


Funding and basis pressure on Drift/solana drove open-interest change of 18.53% for SOL.


Uniswap-V3 on optimism saw stale pricing on stETH; oracle age 90s and venue divergence 36 bps.


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


Bridge delay on arbitrum rose to 353s, distorting exit routing for USDC on GMX.


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


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


Bridge delay on optimism rose to 52s, distorting exit routing for WETH on Aave-V3.


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


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


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


Redemption pressure in Jupiter/solana destabilized SOL liquidity with venue divergence 330 bps.


Redemption pressure in Curve-Fi/ethereum destabilized WETH liquidity with venue divergence 21 bps.


MakerDAO on ethereum saw stale pricing on WBTC; oracle age 190s and venue divergence 61 bps.


Uniswap-V3 on ethereum saw stale pricing on USDC; oracle age 2843s and venue divergence 278 bps.


Redemption pressure in Uniswap-V3/ethereum destabilized USDC liquidity with venue divergence 367 bps.


Redemption pressure in Orca/solana destabilized SOL liquidity with venue divergence 209 bps.


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


Funding and basis pressure on Drift/solana drove open-interest change of 25.79% for SOL.


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


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


Large holder flow into Uniswap-V3/ethereum pushed modeled impact on USDC to 163 bps.


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


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


Large holder flow into Orca/solana pushed modeled impact on SOL to 289 bps.


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


Aave-V3 on ethereum saw stale pricing on WETH; oracle age 3869s and venue divergence 412 bps.


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


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


Aave-V3 on optimism saw stale pricing on USDC; oracle age 142s and venue divergence 183 bps.


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


Redemption pressure in Curve-Fi/ethereum destabilized USDC liquidity with venue divergence 169 bps.


Bridge delay on optimism rose to 225s, distorting exit routing for USDC on Uniswap-V3.


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


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


Redemption pressure in Jupiter/solana destabilized USDC liquidity with venue divergence 285 bps.


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


Cross-venue liquidity for WETH on Uniswap-V3/arbitrum fragmented with 226 bps expected impact.


Bridge delay on optimism rose to 222s, distorting exit routing for USDC on Aave-V3.


Funding and basis pressure on GMX/arbitrum drove open-interest change of 17.83% for USDC.


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


Uniswap-V3 on ethereum saw stale pricing on WBTC; oracle age 3464s and venue divergence 77 bps.


Cross-venue liquidity for USDC on Curve-Fi/optimism fragmented with 112 bps expected impact.


Funding and basis pressure on GMX/arbitrum drove open-interest change of -5.35% for USDC.


LST basis on Marinade/solana for SOL drifted 122 bps during redemption stress.


Bridge delay on ethereum rose to 188s, distorting exit routing for WBTC on MakerDAO.


LST basis on Marinade/solana for SOL drifted 328 bps during redemption stress.


Governance concentration at Curve-Fi/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 WETH.


Funding and basis pressure on Drift/solana drove open-interest change of 24.11% for USDC.


Funding and basis pressure on Drift/solana drove open-interest change of 9.6% for USDC.


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


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


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


Funding and basis pressure on Drift/solana drove open-interest change of -7.75% for USDC.


Uniswap-V3 on arbitrum saw stale pricing on USDC; oracle age 3046s and venue divergence 118 bps.


Cross-venue liquidity for USDC on Orca/solana fragmented with 178 bps expected impact.


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


Bridge delay on optimism rose to 340s, distorting exit routing for WBTC on Aave-V3.


LST basis on Lido/ethereum for stETH drifted 243 bps during redemption stress.


Large holder flow into Curve-Fi/arbitrum pushed modeled impact on WETH to 103 bps.


Large holder flow into Curve-Fi/optimism pushed modeled impact on WETH to 52 bps.


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


Funding and basis pressure on GMX/arbitrum drove open-interest change of 22.48% for WBTC.


LST basis on Lido/ethereum for WETH drifted 166 bps during redemption stress.


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


Bridge delay on arbitrum rose to 641s, distorting exit routing for WETH on GMX.


Redemption pressure in Uniswap-V3/ethereum destabilized USDC liquidity with venue divergence 414 bps.


Aave-V3 on arbitrum saw stale pricing on USDC; oracle age 3545s and venue divergence 143 bps.


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


Large holder flow into Uniswap-V3/optimism pushed modeled impact on WETH to 60 bps.


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


LST basis on Marinade/solana for mSOL drifted 262 bps during redemption stress.


Bridge delay on optimism rose to 582s, distorting exit routing for USDC on Uniswap-V3.


Bridge delay on ethereum rose to 784s, distorting exit routing for WBTC on Uniswap-V3.


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


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


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


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


Bridge delay on ethereum rose to 271s, distorting exit routing for WBTC on Uniswap-V3.


Aave-V3 on ethereum saw stale pricing on stETH; oracle age 3135s and venue divergence 220 bps.


Funding and basis pressure on Drift/solana drove open-interest change of 17.91% for USDC.


Funding and basis pressure on Drift/solana drove open-interest change of 20.98% for SOL.


Large holder flow into Jupiter/solana pushed modeled impact on mSOL to 172 bps.


Uniswap-V3 on ethereum saw stale pricing on WBTC; oracle age 3720s and venue divergence 123 bps.


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


Uniswap-V3 on optimism saw stale pricing on USDC; oracle age 2659s and venue divergence 147 bps.


Uniswap-V3 on arbitrum saw stale pricing on WBTC; oracle age 3757s and venue divergence 307 bps.


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


Bridge delay on optimism rose to 708s, distorting exit routing for USDC on Uniswap-V3.


Funding and basis pressure on Drift/solana drove open-interest change of 7.81% for SOL.


Bridge delay on ethereum rose to 420s, distorting exit routing for USDC on MakerDAO.


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


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


Large holder flow into Uniswap-V3/optimism pushed modeled impact on WETH to 258 bps.


Funding and basis pressure on GMX/arbitrum drove open-interest change of -1.07% for USDC.


Large holder flow into Curve-Fi/arbitrum pushed modeled impact on WETH to 106 bps.


MakerDAO on ethereum saw stale pricing on WBTC; oracle age 2902s and venue divergence 210 bps.


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


Bridge delay on optimism rose to 149s, distorting exit routing for WETH on Uniswap-V3.


Cross-venue liquidity for USDC on Orca/solana fragmented with 33 bps expected impact.


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


Aave-V3 on arbitrum saw stale pricing on stETH; oracle age 3982s and venue divergence 114 bps.


Bridge delay on ethereum rose to 605s, distorting exit routing for WETH on Aave-V3.


Funding and basis pressure on Drift/solana drove open-interest change of 27.25% for USDC.


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


LST basis on Lido/ethereum for stETH drifted 169 bps during redemption stress.


Redemption pressure in Orca/solana destabilized SOL liquidity with venue divergence 98 bps.


Large holder flow into Curve-Fi/ethereum pushed modeled impact on USDC to 282 bps.


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


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


Cross-venue liquidity for USDC on Curve-Fi/optimism fragmented with 236 bps expected impact.


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


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


Aave-V3 on ethereum saw stale pricing on WETH; oracle age 3473s and venue divergence 344 bps.


Redemption pressure in Orca/solana destabilized SOL liquidity with venue divergence 223 bps.


Funding and basis pressure on GMX/arbitrum drove open-interest change of 19.22% for WBTC.


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


Aave-V3 on optimism saw stale pricing on USDC; oracle age 97s and venue divergence 175 bps.


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


Cross-venue liquidity for USDC on Uniswap-V3/optimism fragmented with 170 bps expected impact.


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


Uniswap-V3 on arbitrum saw stale pricing on USDC; oracle age 2870s and venue divergence 224 bps.


Funding and basis pressure on Drift/solana drove open-interest change of -8.41% for USDC.


Cross-venue liquidity for USDC on Curve-Fi/ethereum fragmented with 112 bps expected impact.


LST basis on Marinade/solana for SOL drifted 214 bps during redemption stress.


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


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


Bridge delay on arbitrum rose to 102s, distorting exit routing for WETH on GMX.


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


Funding and basis pressure on Drift/solana drove open-interest change of 21.52% for USDC.


Bridge delay on ethereum rose to 344s, distorting exit routing for WBTC on Uniswap-V3.


MakerDAO on ethereum saw stale pricing on USDC; oracle age 150s and venue divergence 86 bps.


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 7.88% for WBTC.


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


Bridge delay on ethereum rose to 97s, distorting exit routing for WETH on MakerDAO.


LST basis on Lido/ethereum for WETH drifted 128 bps during redemption stress.


LST basis on Lido/ethereum for stETH drifted 288 bps during redemption stress.


Redemption pressure in Jupiter/solana destabilized USDC liquidity with venue divergence 118 bps.


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


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


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 USDC to 81 bps.


LST basis on Marinade/solana for SOL drifted 246 bps during redemption stress.


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


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


Funding and basis pressure on Drift/solana drove open-interest change of 8.85% for SOL.


Funding and basis pressure on Drift/solana drove open-interest change of 23.97% for SOL.


Large holder flow into Curve-Fi/arbitrum pushed modeled impact on USDC to 151 bps.


Large holder flow into Meteora/solana pushed modeled impact on USDC to 215 bps.


Uniswap-V3 on ethereum saw stale pricing on WETH; oracle age 3689s and venue divergence 116 bps.


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


LST basis on Lido/ethereum for WETH drifted 281 bps during redemption stress.


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


Bridge delay on arbitrum rose to 115s, distorting exit routing for WETH on GMX.


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


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


Funding and basis pressure on Drift/solana drove open-interest change of 21.38% for SOL.


LST basis on Lido/ethereum for stETH drifted 16 bps during redemption stress.


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


Bridge delay on ethereum rose to 600s, distorting exit routing for USDC on Uniswap-V3.


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


LST basis on Lido/ethereum for stETH drifted 237 bps during redemption stress.


Bridge delay on ethereum rose to 27s, distorting exit routing for WBTC on Aave-V3.


Cross-venue liquidity for WETH on Uniswap-V3/ethereum fragmented with 50 bps expected impact.


Funding and basis pressure on GMX/arbitrum drove open-interest change of 20.28% for USDC.


LST basis on Kamino/solana for SOL drifted 123 bps during redemption stress.


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


Cross-venue liquidity for WBTC on Uniswap-V3/optimism fragmented with 255 bps expected impact.


Redemption pressure in Jupiter/solana destabilized SOL liquidity with venue divergence 86 bps.


LST basis on Marinade/solana for SOL drifted 62 bps during redemption stress.


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


Bridge delay on arbitrum rose to 472s, distorting exit routing for USDC on Uniswap-V3.


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


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


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


LST basis on Lido/ethereum for WETH drifted 148 bps during redemption stress.


MakerDAO liquidity on ethereum 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 WBTC.


Uniswap-V3 on arbitrum saw stale pricing on WETH; oracle age 3271s and venue divergence 178 bps.


Aave-V3 on optimism saw stale pricing on WBTC; oracle age 101s and venue divergence 111 bps.


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


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


Funding and basis pressure on Drift/solana drove open-interest change of 16.51% for USDC.


Funding and basis pressure on GMX/arbitrum drove open-interest change of 23.74% for USDC.


Redemption pressure in Uniswap-V3/ethereum destabilized WETH liquidity with venue divergence 52 bps.


Large holder flow into Uniswap-V3/optimism pushed modeled impact on WBTC to 80 bps.


Redemption pressure in Orca/solana destabilized SOL liquidity with venue divergence 229 bps.


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


Large holder flow into Uniswap-V3/arbitrum pushed modeled impact on WETH to 75 bps.


Cross-venue liquidity for WETH on Uniswap-V3/optimism fragmented with 107 bps expected impact.


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 418 bps.


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


Redemption pressure in Orca/solana destabilized SOL liquidity with venue divergence 256 bps.


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


Bridge delay on arbitrum rose to 571s, distorting exit routing for USDC on Uniswap-V3.


Cross-venue liquidity for SOL on Orca/solana fragmented with 11 bps expected impact.


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


Cross-venue liquidity for WETH on Curve-Fi/ethereum fragmented with 58 bps expected impact.


Redemption pressure in Jupiter/solana destabilized USDC liquidity with venue divergence 176 bps.


LST basis on Kamino/solana for mSOL drifted 189 bps during redemption stress.


Large holder flow into Curve-Fi/ethereum pushed modeled impact on WETH to 279 bps.


LST basis on Lido/ethereum for stETH drifted 226 bps during redemption stress.


Uniswap-V3 on ethereum saw stale pricing on WBTC; oracle age 3527s and venue divergence 280 bps.


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


LST basis on Marinade/solana for SOL drifted 27 bps during redemption stress.


Bridge delay on arbitrum rose to 328s, distorting exit routing for USDC on Uniswap-V3.


Bridge delay on arbitrum rose to 420s, distorting exit routing for WETH on Aave-V3.


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


Funding and basis pressure on Drift/solana drove open-interest change of 25.05% for SOL.


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


Aave-V3 on ethereum saw stale pricing on USDC; oracle age 247s and venue divergence 39 bps.


Large holder flow into Uniswap-V3/arbitrum pushed modeled impact on WETH to 189 bps.


Uniswap-V3 on optimism saw stale pricing on WETH; oracle age 193s and venue divergence 81 bps.


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


Funding and basis pressure on Drift/solana drove open-interest change of -3.25% for SOL.


Funding and basis pressure on GMX/arbitrum drove open-interest change of -5.17% for WBTC.


Governance concentration at Curve-Fi/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 WETH.


Large holder flow into Uniswap-V3/ethereum pushed modeled impact on USDC to 201 bps.


Large holder flow into Uniswap-V3/optimism pushed modeled impact on USDC to 98 bps.


Large holder flow into Orca/solana pushed modeled impact on mSOL to 131 bps.


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


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


Redemption pressure in Jupiter/solana destabilized SOL liquidity with venue divergence 379 bps.


Aave-V3 on optimism saw stale pricing on WETH; oracle age 197s and venue divergence 376 bps.


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


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


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


Cross-venue liquidity for WETH on Uniswap-V3/arbitrum fragmented with 17 bps expected impact.


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


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


Aave-V3 on arbitrum saw stale pricing on WBTC; oracle age 3271s and venue divergence 267 bps.


Large holder flow into Meteora/solana pushed modeled impact on SOL to 174 bps.


Large holder flow into Meteora/solana pushed modeled impact on USDC to 193 bps.


LST basis on Lido/ethereum for WETH drifted 62 bps during redemption stress.


Aave-V3 on optimism saw stale pricing on USDC; oracle age 169s and venue divergence 210 bps.


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


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


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


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


Funding and basis pressure on Drift/solana drove open-interest change of 25.31% for SOL.


Cross-venue liquidity for USDC on Uniswap-V3/arbitrum fragmented with 19 bps expected impact.


Redemption pressure in Orca/solana destabilized SOL liquidity with venue divergence 345 bps.


Cross-venue liquidity for WBTC on Uniswap-V3/ethereum fragmented with 212 bps expected impact.


Uniswap-V3 on arbitrum saw stale pricing on USDC; oracle age 3685s and venue divergence 176 bps.


LST basis on Marinade/solana for SOL drifted 233 bps during redemption stress.


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


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


Funding and basis pressure on Drift/solana drove open-interest change of 0.48% for USDC.


Redemption pressure in Jupiter/solana destabilized SOL liquidity with venue divergence 147 bps.


Funding and basis pressure on GMX/arbitrum drove open-interest change of 24.32% for WBTC.


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 17.07% for WETH.


LST basis on Kamino/solana for mSOL drifted 231 bps during redemption stress.


Aave-V3 on optimism saw stale pricing on WETH; oracle age 3685s and venue divergence 268 bps.


Large holder flow into Uniswap-V3/optimism pushed modeled impact on WETH to 124 bps.


Funding and basis pressure on GMX/arbitrum drove open-interest change of 29.48% for WBTC.


Bridge delay on optimism rose to 144s, distorting exit routing for WETH on Uniswap-V3.


Funding and basis pressure on Drift/solana drove open-interest change of -10.33% for USDC.


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


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


Funding and basis pressure on GMX/arbitrum drove open-interest change of -8.07% for USDC.


Funding and basis pressure on Drift/solana drove open-interest change of 4.64% for USDC.


Uniswap-V3 on arbitrum saw stale pricing on stETH; oracle age 2879s and venue divergence 168 bps.


Bridge delay on arbitrum rose to 33s, distorting exit routing for WBTC on Aave-V3.


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


Cross-venue liquidity for USDC on Curve-Fi/ethereum fragmented with 127 bps expected impact.


Bridge delay on ethereum rose to 519s, distorting exit routing for WBTC on Uniswap-V3.


Bridge delay on optimism rose to 116s, distorting exit routing for WETH on Uniswap-V3.


Cross-venue liquidity for USDC on Uniswap-V3/arbitrum fragmented with 395 bps expected impact.


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


Cross-venue liquidity for USDC on Uniswap-V3/arbitrum fragmented with 264 bps expected impact.


Redemption pressure in Uniswap-V3/ethereum destabilized WETH liquidity with venue divergence 68 bps.


Large holder flow into Uniswap-V3/ethereum pushed modeled impact on USDC to 328 bps.


Bridge delay on ethereum rose to 20s, distorting exit routing for USDC on MakerDAO.


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


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


Redemption pressure in Jupiter/solana destabilized USDC liquidity with venue divergence 75 bps.


Aave-V3 on optimism saw stale pricing on stETH; oracle age 115s and venue divergence 230 bps.


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


Cross-venue liquidity for WETH on Uniswap-V3/optimism fragmented with 140 bps expected impact.


Bridge delay on arbitrum rose to 487s, distorting exit routing for WETH on Uniswap-V3.


Uniswap-V3 on arbitrum saw stale pricing on WETH; oracle age 3662s and venue divergence 308 bps.


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


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


Uniswap-V3 on arbitrum saw stale pricing on WETH; oracle age 104s and venue divergence 198 bps.


Uniswap-V3 on ethereum saw stale pricing on WBTC; oracle age 3221s and venue divergence 218 bps.


Bridge delay on optimism rose to 351s, distorting exit routing for WBTC on Uniswap-V3.


Bridge delay on optimism rose to 761s, distorting exit routing for USDC on Uniswap-V3.


Redemption pressure in Uniswap-V3/ethereum destabilized WETH liquidity with venue divergence 322 bps.


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


Cross-venue liquidity for WBTC on Uniswap-V3/ethereum fragmented with 12 bps expected impact.


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


MakerDAO on ethereum saw stale pricing on WETH; oracle age 108s and venue divergence 212 bps.


Bridge delay on optimism rose to 10s, distorting exit routing for WBTC on Uniswap-V3.


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


LST basis on Lido/ethereum for WETH drifted 309 bps during redemption stress.


LST basis on Kamino/solana for SOL drifted 277 bps during redemption stress.


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


Cross-venue liquidity for USDC on Curve-Fi/optimism fragmented with 101 bps expected impact.


Redemption pressure in Orca/solana destabilized USDC liquidity with venue divergence 170 bps.


Funding and basis pressure on Drift/solana drove open-interest change of 9.49% for SOL.


LST basis on Marinade/solana for SOL drifted 35 bps during redemption stress.


Redemption pressure in Jupiter/solana destabilized USDC liquidity with venue divergence 477 bps.


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


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


Funding and basis pressure on GMX/arbitrum drove open-interest change of 23.14% for USDC.


Cross-venue liquidity for USDC on Curve-Fi/ethereum fragmented with 171 bps expected impact.


Funding and basis pressure on GMX/arbitrum drove open-interest change of 20.67% for WETH.


Aave-V3 on optimism saw stale pricing on WBTC; oracle age 3446s and venue divergence 320 bps.


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


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


Funding and basis pressure on Drift/solana drove open-interest change of 17.38% for USDC.


LST basis on Lido/ethereum for stETH drifted 242 bps during redemption stress.


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


Funding and basis pressure on GMX/arbitrum drove open-interest change of -5.5% for WBTC.


Redemption pressure in Uniswap-V3/ethereum destabilized WETH liquidity with venue divergence 333 bps.


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


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


Bridge delay on ethereum rose to 25s, distorting exit routing for WETH on MakerDAO.


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


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


Bridge delay on ethereum rose to 220s, distorting exit routing for WBTC on Uniswap-V3.


Redemption pressure in Uniswap-V3/ethereum destabilized WETH liquidity with venue divergence 222 bps.


Aave-V3 on optimism saw stale pricing on WETH; oracle age 113s and venue divergence 143 bps.


Redemption pressure in Uniswap-V3/ethereum destabilized USDC liquidity with venue divergence 141 bps.


Bridge delay on ethereum rose to 376s, distorting exit routing for WETH on Aave-V3.


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


Redemption pressure in Jupiter/solana destabilized USDC liquidity with venue divergence 381 bps.


LST basis on Lido/ethereum for stETH drifted 40 bps during redemption stress.


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


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


Bridge delay on arbitrum rose to 355s, distorting exit routing for WETH on GMX.


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


Funding and basis pressure on Drift/solana drove open-interest change of 12.0% for SOL.


Aave-V3 on optimism saw stale pricing on WBTC; oracle age 225s and venue divergence 241 bps.


Redemption pressure in Curve-Fi/ethereum destabilized USDC liquidity with venue divergence 156 bps.


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


Funding and basis pressure on Drift/solana drove open-interest change of -1.51% for USDC.


Large holder flow into Orca/solana pushed modeled impact on USDC to 165 bps.


Redemption pressure in Uniswap-V3/ethereum destabilized WETH liquidity with venue divergence 235 bps.


Cross-venue liquidity for USDC on Jupiter/solana fragmented with 291 bps expected impact.


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


Bridge delay on optimism rose to 79s, distorting exit routing for USDC on Aave-V3.


Bridge delay on arbitrum rose to 294s, distorting exit routing for WETH on GMX.


Cross-venue liquidity for SOL on Orca/solana fragmented with 148 bps expected impact.


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


Funding and basis pressure on GMX/arbitrum drove open-interest change of -4.3% for USDC.


Cross-venue liquidity for WBTC on Uniswap-V3/ethereum fragmented with 290 bps expected impact.


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


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


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


Large holder flow into Orca/solana pushed modeled impact on SOL to 87 bps.


Redemption pressure in Uniswap-V3/ethereum destabilized WETH liquidity with venue divergence 379 bps.


Aave-V3 on optimism saw stale pricing on USDC; oracle age 2663s and venue divergence 197 bps.


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


Cross-venue liquidity for SOL on Drift/solana fragmented with 169 bps expected impact.


LST basis on Lido/ethereum for stETH drifted 273 bps during redemption stress.


Cross-venue liquidity for SOL on Orca/solana fragmented with 226 bps expected impact.


Bridge delay on optimism rose to 501s, distorting exit routing for WETH on Uniswap-V3.


Cross-venue liquidity for USDC on Curve-Fi/optimism fragmented with 258 bps expected impact.


Bridge delay on optimism rose to 66s, distorting exit routing for WBTC on Uniswap-V3.


Funding and basis pressure on Drift/solana drove open-interest change of -11.97% for SOL.


Bridge delay on optimism rose to 687s, distorting exit routing for USDC on Uniswap-V3.


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


Large holder flow into Uniswap-V3/arbitrum pushed modeled impact on USDC to 148 bps.


Redemption pressure in Jupiter/solana destabilized USDC liquidity with venue divergence 403 bps.


LST basis on Lido/ethereum for WETH drifted 120 bps during redemption stress.


Large holder flow into Meteora/solana pushed modeled impact on mSOL to 86 bps.


LST basis on Marinade/solana for SOL drifted 131 bps during redemption stress.


Large holder flow into Meteora/solana pushed modeled impact on SOL to 50 bps.


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


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


Uniswap-V3 on ethereum saw stale pricing on WETH; oracle age 2812s and venue divergence 132 bps.


Large holder flow into Uniswap-V3/optimism pushed modeled impact on WBTC to 175 bps.


LST basis on Marinade/solana for mSOL drifted 101 bps during redemption stress.


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


Redemption pressure in Orca/solana destabilized USDC liquidity with venue divergence 238 bps.


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


Funding and basis pressure on GMX/arbitrum drove open-interest change of -0.99% for WETH.


Cross-venue liquidity for USDC on Uniswap-V3/optimism fragmented with 321 bps expected impact.


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


Aave-V3 on ethereum saw stale pricing on stETH; oracle age 2996s and venue divergence 75 bps.


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


Cross-venue liquidity for USDC on Uniswap-V3/ethereum fragmented with 43 bps expected impact.


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


Bridge delay on ethereum rose to 114s, distorting exit routing for WETH on Uniswap-V3.


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


Large holder flow into Meteora/solana pushed modeled impact on USDC to 57 bps.


Aave-V3 on arbitrum saw stale pricing on WETH; oracle age 3784s and venue divergence 54 bps.


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


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


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


LST basis on Kamino/solana for SOL drifted 57 bps during redemption stress.


LST basis on Lido/ethereum for WETH drifted 123 bps during redemption stress.


Bridge delay on optimism rose to 686s, distorting exit routing for WETH on Uniswap-V3.


Bridge delay on ethereum rose to 605s, distorting exit routing for USDC on Aave-V3.


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


Cross-venue liquidity for WETH on Curve-Fi/optimism fragmented with 56 bps expected impact.


Funding and basis pressure on GMX/arbitrum drove open-interest change of 31.85% for USDC.


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


Uniswap-V3 on optimism saw stale pricing on WBTC; oracle age 102s and venue divergence 331 bps.


Redemption pressure in Curve-Fi/ethereum destabilized USDC liquidity with venue divergence 174 bps.


Large holder flow into Jupiter/solana pushed modeled impact on USDC to 205 bps.


Cross-venue liquidity for USDC on Drift/solana fragmented with 195 bps expected impact.


Uniswap-V3 on optimism saw stale pricing on USDC; oracle age 3919s and venue divergence 305 bps.


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


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


Uniswap-V3 on arbitrum saw stale pricing on USDC; oracle age 2812s and venue divergence 304 bps.


LST basis on Lido/ethereum for stETH drifted 190 bps during redemption stress.


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


Aave-V3 on optimism saw stale pricing on USDC; oracle age 30s and venue divergence 47 bps.


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


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


Redemption pressure in Uniswap-V3/ethereum destabilized WETH liquidity with venue divergence 46 bps.


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


Cross-venue liquidity for USDC on Uniswap-V3/arbitrum fragmented with 280 bps expected impact.


Cross-venue liquidity for WBTC on Uniswap-V3/optimism fragmented with 45 bps expected impact.


Large holder flow into Orca/solana pushed modeled impact on mSOL to 77 bps.


Redemption pressure in Orca/solana destabilized SOL liquidity with venue divergence 178 bps.


Uniswap-V3 on ethereum saw stale pricing on WBTC; oracle age 2884s and venue divergence 141 bps.


Funding and basis pressure on GMX/arbitrum drove open-interest change of 19.99% for WBTC.


Redemption pressure in Jupiter/solana destabilized SOL liquidity with venue divergence 344 bps.


LST basis on Kamino/solana for SOL drifted 304 bps during redemption stress.


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


Cross-venue liquidity for USDC on Drift/solana fragmented with 77 bps expected impact.


LST basis on Lido/ethereum for stETH drifted 261 bps during redemption stress.


Redemption pressure in Jupiter/solana destabilized USDC liquidity with venue divergence 50 bps.


Bridge delay on optimism rose to 311s, distorting exit routing for USDC on Uniswap-V3.


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


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


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


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


Cross-venue liquidity for WETH on Uniswap-V3/arbitrum fragmented with 107 bps expected impact.


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


Large holder flow into Curve-Fi/arbitrum pushed modeled impact on WETH to 104 bps.


Bridge delay on ethereum rose to 264s, distorting exit routing for WBTC on MakerDAO.


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


LST basis on Kamino/solana for JitoSOL drifted 205 bps during redemption stress.


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


Large holder flow into Meteora/solana pushed modeled impact on mSOL to 85 bps.


Funding and basis pressure on Drift/solana drove open-interest change of -6.3% for SOL.


Funding and basis pressure on Drift/solana drove open-interest change of 24.1% for SOL.


Bridge delay on arbitrum rose to 490s, distorting exit routing for WBTC on Aave-V3.


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


LST basis on Kamino/solana for SOL drifted 239 bps during redemption stress.


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


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


Cross-venue liquidity for USDC on Curve-Fi/optimism fragmented with 52 bps expected impact.


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


Uniswap-V3 on arbitrum saw stale pricing on WBTC; oracle age 3910s and venue divergence 141 bps.


Aave-V3 on ethereum saw stale pricing on USDC; oracle age 3185s and venue divergence 260 bps.


Aave-V3 on arbitrum saw stale pricing on WETH; oracle age 3946s and venue divergence 416 bps.


Cross-venue liquidity for WETH on Uniswap-V3/optimism fragmented with 79 bps expected impact.


Aave-V3 on optimism saw stale pricing on stETH; oracle age 3874s and venue divergence 261 bps.


Redemption pressure in Uniswap-V3/ethereum destabilized USDC liquidity with venue divergence 356 bps.


Bridge delay on optimism rose to 495s, distorting exit routing for WBTC on Uniswap-V3.


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


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


Large holder flow into Curve-Fi/ethereum pushed modeled impact on WETH to 34 bps.


Redemption pressure in Uniswap-V3/ethereum destabilized WETH liquidity with venue divergence 360 bps.


Cross-venue liquidity for WETH on Uniswap-V3/optimism fragmented with 60 bps expected impact.


Cross-venue liquidity for USDC on Curve-Fi/arbitrum fragmented with 56 bps expected impact.


Aave-V3 on optimism saw stale pricing on USDC; oracle age 259s and venue divergence 39 bps.


Funding and basis pressure on GMX/arbitrum drove open-interest change of 27.13% for WETH.


Funding and basis pressure on Drift/solana drove open-interest change of -2.42% for USDC.


Funding and basis pressure on Drift/solana drove open-interest change of -5.25% for SOL.


LST basis on Lido/ethereum for stETH drifted 326 bps during redemption stress.


Bridge delay on arbitrum rose to 621s, distorting exit routing for WETH on GMX.


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


Funding and basis pressure on Drift/solana drove open-interest change of 10.3% for USDC.


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


Large holder flow into Uniswap-V3/optimism pushed modeled impact on WETH to 159 bps.


LST basis on Lido/ethereum for WETH drifted 339 bps during redemption stress.


Cross-venue liquidity for USDC on Curve-Fi/arbitrum fragmented with 154 bps expected impact.


Bridge delay on arbitrum rose to 692s, distorting exit routing for USDC on Aave-V3.


Large holder flow into Curve-Fi/ethereum pushed modeled impact on USDC to 139 bps.


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


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


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


Funding and basis pressure on GMX/arbitrum drove open-interest change of 25.41% for USDC.


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


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


Cross-venue liquidity for WBTC on Uniswap-V3/ethereum fragmented with 68 bps expected impact.


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


LST basis on Lido/ethereum for stETH drifted 79 bps during redemption stress.


Cross-venue liquidity for WBTC on Uniswap-V3/ethereum fragmented with 43 bps expected impact.


Cross-venue liquidity for SOL on Drift/solana fragmented with 292 bps expected impact.


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


Uniswap-V3 on arbitrum saw stale pricing on stETH; oracle age 3221s and venue divergence 264 bps.


Bridge delay on optimism rose to 692s, distorting exit routing for USDC on Uniswap-V3.


Large holder flow into Orca/solana pushed modeled impact on mSOL to 148 bps.


LST basis on Lido/ethereum for stETH drifted 323 bps during redemption stress.


Cross-venue liquidity for USDC on Curve-Fi/ethereum fragmented with 181 bps expected impact.


Funding and basis pressure on GMX/arbitrum drove open-interest change of -0.73% for WBTC.


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


Cross-venue liquidity for SOL on Drift/solana fragmented with 154 bps expected impact.


LST basis on Marinade/solana for mSOL drifted 117 bps during redemption stress.


Funding and basis pressure on Drift/solana drove open-interest change of 25.99% for SOL.


Cross-venue liquidity for WETH on Curve-Fi/optimism fragmented with 307 bps expected impact.


Funding and basis pressure on GMX/arbitrum drove open-interest change of 23.92% for WETH.


Bridge delay on arbitrum rose to 290s, distorting exit routing for USDC on Uniswap-V3.


Redemption pressure in Curve-Fi/ethereum destabilized USDC liquidity with venue divergence 362 bps.


Cross-venue liquidity for USDC on Curve-Fi/optimism fragmented with 52 bps expected impact.


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


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


Large holder flow into Curve-Fi/optimism pushed modeled impact on USDC to 131 bps.


Redemption pressure in Jupiter/solana destabilized SOL liquidity with venue divergence 149 bps.


Uniswap-V3 on arbitrum saw stale pricing on WBTC; oracle age 3550s and venue divergence 285 bps.


Large holder flow into Uniswap-V3/arbitrum pushed modeled impact on USDC to 349 bps.


LST basis on Lido/ethereum for stETH drifted 26 bps during redemption stress.


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


LST basis on Kamino/solana for mSOL drifted 284 bps during redemption stress.


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


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


Large holder flow into Uniswap-V3/arbitrum pushed modeled impact on WBTC to 81 bps.


LST basis on Lido/ethereum for stETH drifted 301 bps during redemption stress.


Aave-V3 on optimism saw stale pricing on USDC; oracle age 3982s and venue divergence 433 bps.


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


LST basis on Marinade/solana for mSOL drifted 17 bps during redemption stress.


Redemption pressure in Uniswap-V3/ethereum destabilized WETH liquidity with venue divergence 316 bps.


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


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


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


MakerDAO on ethereum saw stale pricing on WETH; oracle age 3644s and venue divergence 296 bps.


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


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


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


Uniswap-V3 on optimism saw stale pricing on WETH; oracle age 3316s and venue divergence 324 bps.


Large holder flow into Curve-Fi/optimism pushed modeled impact on USDC to 245 bps.


Large holder flow into Meteora/solana pushed modeled impact on mSOL to 171 bps.


Bridge delay on ethereum rose to 466s, distorting exit routing for WBTC on Uniswap-V3.


Large holder flow into Curve-Fi/arbitrum pushed modeled impact on USDC to 71 bps.


Funding and basis pressure on GMX/arbitrum drove open-interest change of 30.07% for WETH.


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


Funding and basis pressure on GMX/arbitrum drove open-interest change of 11.93% for USDC.


Aave-V3 on ethereum saw stale pricing on USDC; oracle age 3811s and venue divergence 282 bps.


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


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


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


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


MakerDAO on ethereum saw stale pricing on WETH; oracle age 243s and venue divergence 157 bps.


Cross-venue liquidity for USDC on Curve-Fi/arbitrum fragmented with 82 bps expected impact.


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


LST basis on Kamino/solana for mSOL drifted 269 bps during redemption stress.


Bridge delay on ethereum rose to 493s, distorting exit routing for WBTC on MakerDAO.


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


Funding and basis pressure on Drift/solana drove open-interest change of 20.85% for SOL.


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


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


Large holder flow into Meteora/solana pushed modeled impact on SOL to 66 bps.


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


LST basis on Kamino/solana for mSOL drifted 203 bps during redemption stress.


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


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


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


Uniswap-V3 on optimism saw stale pricing on USDC; oracle age 2803s and venue divergence 229 bps.


Funding and basis pressure on Drift/solana drove open-interest change of 18.49% for SOL.


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


Bridge delay on ethereum rose to 609s, distorting exit routing for USDC on MakerDAO.


Cross-venue liquidity for WETH on Uniswap-V3/optimism fragmented with 218 bps expected impact.


Bridge delay on optimism rose to 585s, distorting exit routing for WBTC on Uniswap-V3.


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


Funding and basis pressure on Drift/solana drove open-interest change of -7.6% for USDC.


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


Large holder flow into Curve-Fi/optimism pushed modeled impact on USDC to 94 bps.


Cross-venue liquidity for WBTC on Uniswap-V3/ethereum fragmented with 196 bps expected impact.


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


Funding and basis pressure on Drift/solana drove open-interest change of -1.59% for USDC.


Cross-venue liquidity for WETH on Uniswap-V3/optimism fragmented with 109 bps expected impact.


Uniswap-V3 on optimism saw stale pricing on stETH; oracle age 2690s and venue divergence 71 bps.


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


Redemption pressure in Orca/solana destabilized USDC liquidity with venue divergence 121 bps.


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


MakerDAO on ethereum saw stale pricing on USDC; oracle age 95s and venue divergence 108 bps.


Funding and basis pressure on Drift/solana drove open-interest change of -7.57% for SOL.


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


Redemption pressure in Curve-Fi/ethereum destabilized USDC liquidity with venue divergence 179 bps.


Large holder flow into Uniswap-V3/ethereum pushed modeled impact on WBTC to 62 bps.


Uniswap-V3 on optimism saw stale pricing on USDC; oracle age 3716s and venue divergence 41 bps.


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


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


Large holder flow into Uniswap-V3/optimism pushed modeled impact on WETH to 230 bps.


Bridge delay on optimism rose to 187s, distorting exit routing for WBTC on Aave-V3.


Funding and basis pressure on Drift/solana drove open-interest change of 3.31% for USDC.


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


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


Funding and basis pressure on Drift/solana drove open-interest change of 10.38% for SOL.


Large holder flow into Curve-Fi/optimism pushed modeled impact on WETH to 223 bps.


Redemption pressure in Uniswap-V3/ethereum destabilized USDC liquidity with venue divergence 240 bps.


Cross-venue liquidity for USDC on Orca/solana fragmented with 91 bps expected impact.


Aave-V3 on ethereum saw stale pricing on USDC; oracle age 230s and venue divergence 392 bps.


Cross-venue liquidity for USDC on Curve-Fi/optimism fragmented with 51 bps expected impact.


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


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


Large holder flow into Uniswap-V3/ethereum pushed modeled impact on USDC to 69 bps.


Redemption pressure in Jupiter/solana destabilized USDC liquidity with venue divergence 71 bps.


Uniswap-V3 on optimism saw stale pricing on WETH; oracle age 173s and venue divergence 57 bps.


Funding and basis pressure on GMX/arbitrum drove open-interest change of -1.41% for WETH.


LST basis on Lido/ethereum for stETH drifted 246 bps during redemption stress.


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


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


Funding and basis pressure on GMX/arbitrum drove open-interest change of -4.03% for WETH.


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


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


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


Cross-venue liquidity for SOL on Orca/solana fragmented with 170 bps expected impact.


Funding and basis pressure on GMX/arbitrum drove open-interest change of -5.95% for WETH.


Redemption pressure in Jupiter/solana destabilized SOL liquidity with venue divergence 57 bps.


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


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


Funding and basis pressure on GMX/arbitrum drove open-interest change of 27.75% for WBTC.


Redemption pressure in Curve-Fi/ethereum destabilized USDC liquidity with venue divergence 279 bps.


MakerDAO on ethereum saw stale pricing on WBTC; oracle age 2663s and venue divergence 177 bps.


Bridge delay on arbitrum rose to 18s, distorting exit routing for USDC on GMX.


Cross-venue liquidity for USDC on Curve-Fi/optimism fragmented with 24 bps expected impact.


Bridge delay on ethereum rose to 624s, distorting exit routing for WBTC on Uniswap-V3.


Cross-venue liquidity for WETH on Curve-Fi/ethereum fragmented with 290 bps expected impact.


Redemption pressure in Curve-Fi/ethereum destabilized WETH liquidity with venue divergence 97 bps.


Redemption pressure in Orca/solana destabilized USDC liquidity with venue divergence 298 bps.


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


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


Redemption pressure in Orca/solana destabilized USDC liquidity with venue divergence 334 bps.


Large holder flow into Uniswap-V3/ethereum pushed modeled impact on WBTC to 328 bps.


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


Aave-V3 on ethereum saw stale pricing on WBTC; oracle age 173s and venue divergence 294 bps.


Cross-venue liquidity for USDC on Curve-Fi/arbitrum fragmented with 170 bps expected impact.


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


Funding and basis pressure on GMX/arbitrum drove open-interest change of 3.5% for USDC.


LST basis on Kamino/solana for SOL drifted 366 bps during redemption stress.


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


Funding and basis pressure on GMX/arbitrum drove open-interest change of -8.7% for WETH.


LST basis on Kamino/solana for mSOL drifted 57 bps during redemption stress.


Funding and basis pressure on GMX/arbitrum drove open-interest change of -0.12% for USDC.


LST basis on Lido/ethereum for WETH drifted 39 bps during redemption stress.


Aave-V3 on optimism saw stale pricing on WBTC; oracle age 3802s and venue divergence 345 bps.


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


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


Uniswap-V3 on optimism saw stale pricing on stETH; oracle age 3144s and venue divergence 387 bps.


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


Bridge delay on ethereum rose to 611s, distorting exit routing for WETH on Uniswap-V3.


Bridge delay on optimism rose to 643s, distorting exit routing for USDC on Uniswap-V3.


Funding and basis pressure on GMX/arbitrum drove open-interest change of 15.36% for WBTC.


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


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


LST basis on Marinade/solana for mSOL drifted 102 bps during redemption stress.


Aave-V3 on optimism saw stale pricing on WETH; oracle age 3064s and venue divergence 384 bps.


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


Funding and basis pressure on Drift/solana drove open-interest change of 27.04% for SOL.


Funding and basis pressure on Drift/solana drove open-interest change of 28.86% for SOL.


Redemption pressure in Jupiter/solana destabilized USDC liquidity with venue divergence 266 bps.


Large holder flow into Orca/solana pushed modeled impact on mSOL to 31 bps.


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


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


Large holder flow into Uniswap-V3/ethereum pushed modeled impact on WETH to 145 bps.


Redemption pressure in Orca/solana destabilized SOL liquidity with venue divergence 313 bps.


LST basis on Kamino/solana for mSOL drifted 100 bps during redemption stress.


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


Large holder flow into Uniswap-V3/arbitrum pushed modeled impact on WBTC to 148 bps.


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


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


Large holder flow into Uniswap-V3/arbitrum pushed modeled impact on WBTC to 266 bps.


Uniswap-V3 on optimism saw stale pricing on WBTC; oracle age 2933s and venue divergence 225 bps.


Large holder flow into Uniswap-V3/optimism pushed modeled impact on USDC to 339 bps.


Redemption pressure in Uniswap-V3/ethereum destabilized WETH liquidity with venue divergence 181 bps.


Funding and basis pressure on GMX/arbitrum drove open-interest change of 24.76% for WETH.


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


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


Bridge delay on optimism rose to 270s, distorting exit routing for WBTC on Uniswap-V3.


Redemption pressure in Jupiter/solana destabilized USDC liquidity with venue divergence 107 bps.


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


Funding and basis pressure on GMX/arbitrum drove open-interest change of 18.05% for WETH.


Cross-venue liquidity for WETH on Curve-Fi/ethereum fragmented with 52 bps expected impact.


Bridge delay on optimism rose to 477s, distorting exit routing for WBTC on Aave-V3.


Large holder flow into Orca/solana pushed modeled impact on SOL to 130 bps.


Bridge delay on arbitrum rose to 147s, distorting exit routing for WETH on GMX.


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


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


Aave-V3 on arbitrum saw stale pricing on WBTC; oracle age 3208s and venue divergence 169 bps.


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


Uniswap-V3 on ethereum saw stale pricing on WBTC; oracle age 3711s and venue divergence 218 bps.


Bridge delay on optimism rose to 21s, distorting exit routing for WBTC on Uniswap-V3.


Funding and basis pressure on GMX/arbitrum drove open-interest change of -6.08% for WETH.


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


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


Aave-V3 on ethereum saw stale pricing on WBTC; oracle age 105s and venue divergence 68 bps.


Cross-venue liquidity for WETH on Uniswap-V3/optimism fragmented with 241 bps expected impact.


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


MakerDAO on ethereum saw stale pricing on USDC; oracle age 3928s and venue divergence 188 bps.


Cross-venue liquidity for WETH on Uniswap-V3/arbitrum fragmented with 103 bps expected impact.


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


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


Cross-venue liquidity for WBTC on Uniswap-V3/optimism fragmented with 250 bps expected impact.


Large holder flow into Uniswap-V3/ethereum pushed modeled impact on USDC to 189 bps.


Funding and basis pressure on GMX/arbitrum drove open-interest change of 2.11% for WBTC.


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


Funding and basis pressure on Drift/solana drove open-interest change of 18.26% for SOL.


Large holder flow into Uniswap-V3/arbitrum pushed modeled impact on WETH to 230 bps.


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


Aave-V3 on ethereum saw stale pricing on stETH; oracle age 3509s and venue divergence 163 bps.


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


LST basis on Lido/ethereum for WETH drifted 73 bps during redemption stress.


LST basis on Lido/ethereum for stETH drifted 275 bps during redemption stress.


LST basis on Lido/ethereum for stETH drifted 364 bps during redemption stress.


Aave-V3 on arbitrum saw stale pricing on stETH; oracle age 145s and venue divergence 109 bps.


Uniswap-V3 on ethereum saw stale pricing on WETH; oracle age 3725s and venue divergence 246 bps.


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


Redemption pressure in Jupiter/solana destabilized SOL liquidity with venue divergence 77 bps.


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


Funding and basis pressure on Drift/solana drove open-interest change of -5.57% for USDC.


Large holder flow into Orca/solana pushed modeled impact on mSOL to 84 bps.


Cross-venue liquidity for WETH on Curve-Fi/ethereum fragmented with 272 bps expected impact.


Uniswap-V3 on arbitrum saw stale pricing on WBTC; oracle age 3707s and venue divergence 182 bps.


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


Funding and basis pressure on Drift/solana drove open-interest change of 10.08% for USDC.


Large holder flow into Curve-Fi/optimism pushed modeled impact on USDC to 98 bps.


Redemption pressure in Curve-Fi/ethereum destabilized WETH liquidity with venue divergence 42 bps.


LST basis on Lido/ethereum for stETH drifted 389 bps during redemption stress.


Cross-venue liquidity for USDC on Curve-Fi/arbitrum fragmented with 212 bps expected impact.


Large holder flow into Curve-Fi/arbitrum pushed modeled impact on WETH to 245 bps.


Bridge delay on optimism rose to 317s, distorting exit routing for WBTC on Aave-V3.


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


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


Large holder flow into Curve-Fi/arbitrum pushed modeled impact on WETH to 256 bps.


Bridge delay on optimism rose to 46s, distorting exit routing for WETH on Aave-V3.


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


Funding and basis pressure on GMX/arbitrum drove open-interest change of 3.55% for WETH.


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


Cross-venue liquidity for USDC on Drift/solana fragmented with 52 bps expected impact.


Redemption pressure in Curve-Fi/ethereum destabilized USDC liquidity with venue divergence 227 bps.


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


Redemption pressure in Orca/solana destabilized USDC liquidity with venue divergence 142 bps.


Large holder flow into Meteora/solana pushed modeled impact on SOL to 195 bps.


Funding and basis pressure on Drift/solana drove open-interest change of 16.69% for USDC.


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


LST basis on Lido/ethereum for WETH drifted 315 bps during redemption stress.


Funding and basis pressure on GMX/arbitrum drove open-interest change of 14.91% for WETH.


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


Funding and basis pressure on Drift/solana drove open-interest change of 8.62% for SOL.


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


LST basis on Lido/ethereum for stETH drifted 217 bps during redemption stress.


Bridge delay on arbitrum rose to 535s, distorting exit routing for WETH on Uniswap-V3.


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


Cross-venue liquidity for WETH on Uniswap-V3/arbitrum fragmented with 101 bps expected impact.


Redemption pressure in Curve-Fi/ethereum destabilized WETH liquidity with venue divergence 163 bps.


Funding and basis pressure on GMX/arbitrum drove open-interest change of -0.2% for WBTC.


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


Large holder flow into Orca/solana pushed modeled impact on mSOL to 230 bps.


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


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


Cross-venue liquidity for WETH on Uniswap-V3/ethereum fragmented with 150 bps expected impact.


Funding and basis pressure on Drift/solana drove open-interest change of -7.0% for USDC.


Uniswap-V3 on ethereum saw stale pricing on USDC; oracle age 154s and venue divergence 153 bps.


Cross-venue liquidity for WETH on Curve-Fi/optimism fragmented with 49 bps expected impact.


Large holder flow into Uniswap-V3/optimism pushed modeled impact on WBTC to 201 bps.


LST basis on Lido/ethereum for stETH drifted 101 bps during redemption stress.


Bridge delay on optimism rose to 420s, distorting exit routing for WBTC on Aave-V3.


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


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


Uniswap-V3 on arbitrum saw stale pricing on stETH; oracle age 164s and venue divergence 216 bps.


Bridge delay on ethereum rose to 575s, distorting exit routing for WBTC on Aave-V3.


Redemption pressure in Orca/solana destabilized USDC liquidity with venue divergence 210 bps.


Bridge delay on arbitrum rose to 29s, distorting exit routing for WBTC on Uniswap-V3.


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


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


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


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


LST basis on Lido/ethereum for WETH drifted 145 bps during redemption stress.


Aave-V3 on ethereum saw stale pricing on WBTC; oracle age 215s and venue divergence 326 bps.


Large holder flow into Uniswap-V3/ethereum pushed modeled impact on WETH to 60 bps.


LST basis on Lido/ethereum for stETH drifted 457 bps during redemption stress.


Funding and basis pressure on Drift/solana drove open-interest change of 26.01% for SOL.


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


Large holder flow into Jupiter/solana pushed modeled impact on USDC to 118 bps.


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


LST basis on Lido/ethereum for WETH drifted 197 bps during redemption stress.


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


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


Redemption pressure in Uniswap-V3/ethereum destabilized WETH liquidity with venue divergence 124 bps.


Redemption pressure in Orca/solana destabilized SOL liquidity with venue divergence 144 bps.


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


Aave-V3 on ethereum saw stale pricing on USDC; oracle age 3239s and venue divergence 48 bps.


Redemption pressure in Curve-Fi/ethereum destabilized USDC liquidity with venue divergence 75 bps.


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


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


Funding and basis pressure on Drift/solana drove open-interest change of -2.95% for USDC.


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


LST basis on Kamino/solana for JitoSOL drifted 241 bps during redemption stress.


Funding and basis pressure on Drift/solana drove open-interest change of -11.21% for SOL.


Bridge delay on ethereum rose to 718s, distorting exit routing for WETH on Uniswap-V3.


Funding and basis pressure on GMX/arbitrum drove open-interest change of 12.87% for WETH.


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


Uniswap-V3 on optimism saw stale pricing on WBTC; oracle age 3946s and venue divergence 274 bps.


Large holder flow into Meteora/solana pushed modeled impact on USDC to 184 bps.


Redemption pressure in Uniswap-V3/ethereum destabilized WETH liquidity with venue divergence 100 bps.


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


Aave-V3 on ethereum saw stale pricing on USDC; oracle age 2951s and venue divergence 121 bps.


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


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


Aave-V3 on arbitrum saw stale pricing on WBTC; oracle age 2677s and venue divergence 86 bps.


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


Redemption pressure in Uniswap-V3/ethereum destabilized WETH liquidity with venue divergence 77 bps.


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


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


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


Large holder flow into Meteora/solana pushed modeled impact on mSOL to 258 bps.


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


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


Cross-venue liquidity for WBTC on Uniswap-V3/optimism fragmented with 173 bps expected impact.


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


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


Cross-venue liquidity for WBTC on Uniswap-V3/arbitrum fragmented with 39 bps expected impact.


Uniswap-V3 on optimism saw stale pricing on stETH; oracle age 2776s and venue divergence 142 bps.


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


LST basis on Kamino/solana for SOL drifted 141 bps during redemption stress.


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


LST basis on Lido/ethereum for stETH drifted 422 bps during redemption stress.


LST basis on Marinade/solana for SOL drifted 168 bps during redemption stress.


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


Redemption pressure in Orca/solana destabilized USDC liquidity with venue divergence 174 bps.


Redemption pressure in Uniswap-V3/ethereum destabilized USDC liquidity with venue divergence 150 bps.


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


Funding and basis pressure on GMX/arbitrum drove open-interest change of 8.56% for USDC.


Cross-venue liquidity for WETH on Uniswap-V3/optimism fragmented with 23 bps expected impact.


Redemption pressure in Uniswap-V3/ethereum destabilized USDC liquidity with venue divergence 325 bps.


MakerDAO on ethereum saw stale pricing on USDC; oracle age 3262s and venue divergence 278 bps.


Funding and basis pressure on GMX/arbitrum drove open-interest change of -8.99% for WETH.


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


Bridge delay on arbitrum rose to 27s, distorting exit routing for WETH on Aave-V3.


Bridge delay on arbitrum rose to 308s, distorting exit routing for WBTC on Uniswap-V3.


Large holder flow into Curve-Fi/arbitrum pushed modeled impact on WETH to 106 bps.


LST basis on Lido/ethereum for WETH drifted 52 bps during redemption stress.


Aave-V3 on arbitrum saw stale pricing on WBTC; oracle age 172s and venue divergence 69 bps.


Redemption pressure in Curve-Fi/ethereum destabilized WETH liquidity with venue divergence 133 bps.


Bridge delay on ethereum rose to 559s, distorting exit routing for USDC on MakerDAO.


LST basis on Lido/ethereum for stETH drifted 176 bps during redemption stress.


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