Allez Labs

655 posts

Allez Labs

@AllezLabs

Data and risk experts, in DeFi risk management since 2019 We’re hiring data engineers and analysts

Katılım Haziran 2024

127 Takip Edilen1.5K Takipçiler

Allez Labs retweetledi

Current@CurrentSUI·4d

Pyth price feed is currently down. To best protect user's interest, we are currently under circruit break mode, effective immediately. All supply and borrow are temporarily paused. All assets are safe. Once Pyth price feed is back online, system will resume operational.

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Allez Labs@AllezLabs·15 May

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Allez Labs@AllezLabs·15 May

Top inflows: → mSOL: +$41M (Rotation into established LSTs) → JupSOL: +$19M → ONyc: +$8M (OnRe ramp continued) Utilization held at ~40% as supply and debt contracted in parallel.

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Allez Labs@AllezLabs·15 May

April liquidity reshuffled on @Kamino: Top outflows: → PYUSD: -$200M (@maplefinance's public DeFi exit) → fwdSOL: -$76M (reserve emptied) → syrupUSDC: -$70M (Maple exit again) → cbBTC: -816 BTC / -$62M (3rd consecutive monthly outflow) → USDC: -$54M → PRIME: -$53M

Allez Labs@AllezLabs

Composition stable shift trend paused this month: → Stablecoins: 33.0% (-4.7pp) → LSTs: 25.5% (+4.0pp) → RWAs: 23.0% (+0.5pp) - share held through the contraction → SOL: 11.4% (+1.4pp) → BTC: 4.6% (-1.0pp) Stablecoin contraction was driven by @MapleFinance’s DeFi exposure reduction. USD-denominated supply (stablecoins + RWAs) now 56.0% of protocol liquidity (down from 60.2%).

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Allez Labs@AllezLabs·13 May

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Allez Labs@AllezLabs·13 May

~75% of all Maple Market withdrawals in the window. All three routed into the same downstream address. Tracks back to @maplefinance's April 20 DeFi exit:

Maple@maplefinance

(1/7) Update from Maple Maple has no active DeFi positions. We assessed risk exposure across DeFi and proactively removed all allocations. Through active risk management, Lenders have no exposure to rsETH or other indirect exposures, and the Maple platform operated as expected.

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Allez Labs@AllezLabs·13 May

Last month Maple Market move on @Kamino: 3 wallets withdrew $47.3M from PYUSD + syrupUSDC reserves on Apr 18-22: → $25.2M: 29KnJ9mtSMbxAFExns4H8e5Tv9AqSb1Qazy1HhHdUbNH → $11.4M: J1ChJ8gTCrNG9H4SKYdhWUaxSaayMkUGSojKudqToRfL → $10.8M: GVSCWP9YeLZbwvXFzG1y5YDtRJhCDq8htNrqNmzToR3i A coordinated operator unwind, fully visible onchain - while the rest of the protocol's specialized markets continued expanding:

Allez Labs@AllezLabs

Capital rotation favored specialized markets amid the broader contraction: → @onrefinance OnRe: $122M (+15.5%) → @solsticefi Solstice: $51M (+51.4%) → @humafinance Huma: $26M (+6.4%) → @xStocksFi xStocks: $25M (+1.2%) → @maplefinance Market posted the largest decline (-43.1% to $232M) following Maple Finance’s public DeFi risk-off move. Isolated RWA markets kept attracting fresh supply.

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Allez Labs@AllezLabs·7 May

April ended with @Kamino's risk profile improved: → Correlated warning-tier debt: -47% → Stress-test potential bad debt: -17% to -36% across scenarios PRIME concentration remains the largest single-asset cliff to monitor.

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Allez Labs@AllezLabs·7 May

Apr 18: @KelpDAO rsETH bridge exploit ($292M) leading to $123-230M potential bad debt on Aave V3. As a result, billions of liquidity exited Aave. @Kamino preemptively paused LayerZero tokens (USDS, LBTC, FBTC) as a precautionary measure. No exposure. Again, liquidity reshuffled and market utilization spiked. In both instances, markets rebalanced organically within 48-72h.

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Allez Labs@AllezLabs·7 May

Two external stresses shaped April: The April 1-2 UXD depeg triggered @Kamino's liquidation infrastructure. Then, the @DriftProtocol incident had no direct contagion to @Kamino but it triggered liquidity reshuffling and elevated utilization for several days.

Allez Labs@AllezLabs

Monthly @Kamino Lend Insights - April 2026 Kamino navigated April’s DeFi-wide stress cleanly amid two major external incidents. Risk metrics improved sharply while total supply contracted -17% to $2.4B as users repositioned conservatively. 👇 A thread

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Allez Labs retweetledi

Current@CurrentSUI·6 May

Your enthusiasm has been overwhelming. $USDC supply and $USDsui market borrowing have reached their caps. $USDsui Multiply markets still have quota. All related Multiply pairs remain available for opening and closing. Today, Current will review the next cap increases with our risk partner @AllezLabs , covering: • USDC Max Supply and Max Borrow • USDSUI standard borrowing cap and Max Supply Once proposed, updates will take effect after the 24-hour timelock.

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Allez Labs@AllezLabs·5 May

April confirmed the resilience of Kamino’s segregated-market design: specialized markets (OnRe, Solstice, Huma) grew while the protocol absorbed two major external shocks with minimal user impact. Risk metrics improved. USD-denominated supply remains the majority of liquidity (56.0%), but the composition continues to diversify. Full report: allez.xyz/reports/kamino…

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Allez Labs@AllezLabs·5 May

The Vault Ecosystem contracted in line with protocol flows: → @SentoraHQ PYUSD: $210M (-49%) at 5.7% APY → @Rockaway_X RWA USDC: $34M (+136%) at 5.1% APY → @SteakhouseFi USDC: $24M (-60%) at 4.2% APY → @gauntlet_xyz CASH Earn: $14M (-41%) at 4.8% APY → @AllezLabs USDC: $13M (-47%) at 4.1% APY Rockaway RWA is finding demand with strong growth; Sentora PYUSD saw the largest absolute outflow, affected by the Maple’s unwind.

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Allez Labs@AllezLabs·5 May

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Allez Labs retweetledi

mcsquared@0xMC2·24 Nis

Discussion up for @VenusProtocol: deprecate opBNB, Optimism, and Unichain deployments. Proactively pruning deployments that haven't scaled will keep the protocol lean with no impact on the chains posed for growth. community.venus.io/t/deprecate-ve…

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Allez Labs@AllezLabs·20 Nis

Update on this weekend's events: @kamino has no direct exposure to the Kelp DAO incident. As a precautionary measure assets related to @LayerZero_Core have been derisked early in the incident timeline on Saturday. Second order effects are rippling through DeFi, high rates, liquidity crunch. Kamino markets and vaults continue to operate normally. For paused LZ assets, normal operations will resume once a complete assessment of the origins and reproducibility of the incident have been determined For loopers: utilization is high, which means rates are high. If you're leveraged, check your positions.

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Keşfet

@kamino @maplefinance @Kamino @KelpDAO @DriftProtocol @SentoraHQ @SteakhouseFi @gauntlet_xyz