Yesterday we posted about IPOR's security principles. Today we saw them in action. 💚 All user funds are 100% safe. 💚 All Pistachio users remain fully liquid. 💚 Withdrawals and deposits are fully operational. 🧠 Smart design. Smarter risk management. Protect Your Nut.
There are a few DAO curated vaults on @ipor_io Fusion, those which underwrite the derivatives pools for the USDC/USDT/DAI/stETH interest rate swaps All assets in these pools are safe, the DAO's economic workgroup chooses a subset of protocols and collaterals deemed prime The IPOR USDC Prime vault on Base did have exposure to Moonwell which suffered an exploit earlier today The vault was fully deployed into this vault given the lending rate, but through Fusion's native automation capabilities the Alpha started twapping the withdrawal queue and the automation team built a script to TWAP every Base block (~2s) fully out of Moonwell exposure In short assets are safe, automation is an allocator's best friend, and now we have a 2s Alpha script
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