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Fusion (by IPOR)
4.9K posts
Fusion (by IPOR)
@ipor_io
Onchain vault infrastructure for institutional-grade yield. Build, white-label, and earn. Explore existing strategies in the Fusion App.
Katılım Şubat 2021
89 Takip Edilen19.9K Takipçiler
Fusion (by IPOR) retweetledi
I am about to introduce Fusion to the @OriginProtocol community
Is there something coming? Yes. Find me here ↓
Origin Protocol@OriginProtocol
Earning ETH Yield with ARM, Liquid Staking, and Upcoming Origin Vaults ft. @ipor_io x.com/i/broadcasts/1…
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Earning ETH Yield with ARM, Liquid Staking, and Upcoming Origin Vaults ft. @ipor_io x.com/i/broadcasts/1…
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Fusion (by IPOR) retweetledi
Our Community Call is this Monday, May 4 at 12pm ET.🗓
We'll be joined by Fusion by @ipor_io to discuss upcoming Origin vaults, plus updates on ARM, OETH, and OUSD.
Join us to learn what happened in April. See you there:
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Fusion (by IPOR) retweetledi
The 2026 curator question: is your vault infrastructure agile enough to meet regulatory expectations?
Our team met @stephdan_law at @Vault__Summit and what he and his firm communicate on the vault regulatory landscape aligns with Fusion's principles.
A solid weekend read.
Fusion (by IPOR)@ipor_io
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Fusion (by IPOR) retweetledi
5) @ipor_io & @hyperithm
For the Midas or Hyperithm maximalist, this vault has been very well-performing.
In short, this is a delta neutral Midas vault curated by hyperithm that is then plugged into an auto-leverage (through mint and redeem, not swapping) via morpho and wrapped into a beautiful vault on Fusion.
Sounds complex, but the share price action looks great.
Of course, please only consider this if you're okay with the relevant exposures:
- Midas
- Hyperithm
- Fusion
- Morpho
12% Daily APR
7.5% 7Day MA APR
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Fusion (by IPOR) retweetledi
I'll be on the @Vault__Summit NYC main stage presenting how institutions can allocate to vaults without triggering the regulator.
Pinpointing the architectural choices that make institutional allocation actually work, based on real setups.
Who'll be there?
Vault Summit@Vault__Summit
Compliant vault infrastructure is not a positioning statement. It is an architecture decision. @DarrenCamas has been building in crypto since 2011 and with @Ipor_io Fusion, he's become one of the people actual solving it. He joins Vault Summit NYC. June 5, NYC · vaultsummit.xyz
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Fusion (by IPOR) retweetledi
Interesting to watch Fusion vaults navigate the past week: each one recovers on its own timeline, depending on which markets it touches.
Some strats are already back in full swing. @reservoir_xyz and @628Labs strategies running in double digits, flagship stETH looping back to its baseline.
Aavethena-related ones just coming back into positive territory
None of them had to close the doors to depositors, which to me matters more than the speed of any single comeback
Fusion (by IPOR)@ipor_io
Credit markets across the onchain economy are stabilizing. Borrow rates returning to normal ranges, exit queues clearing, leverage strategies coming back to positive territory. All Fusion-powered vaults remained fully accessible to users throughout the volatility.
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Fusion (by IPOR) retweetledi
We’re excited to welcome Fusion by @ipor_io as a sponsor of ETHMilan 2026!
Fusion is onchain vault infrastructure for institutional-grade yield strategies, compatible with leading protocols.
Thanks to the Fusion team for their support!
See you at ETHMilan this May 21-22
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Credit markets across the onchain economy are stabilizing.
Borrow rates returning to normal ranges, exit queues clearing, leverage strategies coming back to positive territory.
All Fusion-powered vaults remained fully accessible to users throughout the volatility.
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Fusion (by IPOR) retweetledi
@DarrenCamas @ipor_io So cool. Fusion vaults are best in class.
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Fusion (by IPOR) retweetledi
Transparency around looping strategies is one of the most discussed topics today
Fusion vaults and the flagship App surface more than the industry standard today: TVL vs TVM separation, per-venue positions, effective leverage derivations, and more - all verifiable onchain
Fusion (by IPOR)@ipor_io
Looped Exposure Accounting: same question at a different layer. Fusion addressed it at the vault level. Total Value Locked (deposits) and Total Value Managed (with leverage) are separate metrics, making looped exposure directly measurable. Walking through the approach below ↓
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Fusion (by IPOR) retweetledi
Big RWA talks happening this friday
I'll be joining folks from @yearn @euler and @RWAFoundation_ to discuss how token models are replacing the TradFi rails
Where: x.com/i/spaces/1DxLd…
When: 5:40 PM UTC
House of Chimera@HouseofChimera
Tokenized RWAs are under $1T today, but projected to reach $16T this decade. Join this RWA Megaspace on 24th April to upack: 🔹 Where tokenization stands today 🔸 How leading teams are building toward scale 40 speakers. 10 panels. One Space! RSVP 👇 x.com/i/spaces/1DxLd…
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Tokenized RWAs are under $1T today, but projected to reach $16T this decade.
Join this RWA Megaspace on 24th April to upack:
🔹 Where tokenization stands today
🔸 How leading teams are building toward scale
40 speakers. 10 panels. One Space!
RSVP 👇
x.com/i/spaces/1DxLd…
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From TAU Labs, a team building on Fusion's vault infrastructure: a walkthrough of handling AavEthena vault operations during the recent market stress.
TAU Labs@628Labs
Unwinding AavEthena Loops during a storm tl;dr • No TAU vaults had exposure to rsETH • No user funds were at risk at any time • Increase in the USDe borrow rate turned looping APY negative • We adjusted entry and exit fees to account for the higher slippage for sUSDe swaps • Requested withdrawals were all processed with minimal impact on withdrawers and no impact on the vault Full story TAU Labs curates two AavEthena vaults, one on Mainnet and one on Plasma. These vaults run a leveraged yield strategy on USDe and sUSDe using Aave on Ethereum. The strategy’s collateral consists of 45% USDe and 55% sUSDe to borrow USDT and leverage up collateral positions to 9.5x (89.5% LTV) The rsETH incident cascaded through Aave, causing borrow rates for USDe to spike violently. For automated looping strategies, this created a critical inflection point where borrow rates of 15% turned yield deeply negative during a protocol-wide liquidity crunch In this situation, loopers have two options: • Immediate Deleveraging: Exiting the position immediately, which requires eating significant slippage to "unwind" the loop in a thin market • Maintaining the position and hoping for rate stabilization, while incurring a daily negative carry that could eventually exceed the cost of an immediate exit if it persists for longer than expected (uncertainty) In this case, TAU decided to let users make the choice themselves while creating the best possible environment within bad market conditions. Since saturday night, we have worked with withdrawers to allow them to exit the vault with the least possible slippage while protecting the vault from any potential losses ("fair exit system"). To do so, we had to increase the onboarding and offboarding fees to match the new liquidity conditions for sUSDe which showed higher slippage during times of distress. We calculated the real-time cost of deleveraging and applied it directly to the withdrawing capital. Withdrawers were able to exit the Mainnet vault with a 1.25% - 2.3% haircut. Withdrawals from the Plasma vault ate ~3% haircut due to the more limited liquidity conditions on the chain. If we would have kept the original entry and exit fees, any slippage exceeding these fees would have socialized losses across remaining depositors 1. Early withdrawers exit at an artificially low cost. 2. The remaining users effectively "subsidize" those exits. 3. The vault's NAV (Net Asset Value) drops for those who stay This would have ultimately resulted in a PVP environment and potential bank run where the last user left eats the most losses. Especially, smaller-capital positions would've taken on the slippage created by large withdrawals. We intentionally delayed broad communication until the mechanism was fully validated and withdrawal processing was underway. This prevented an "exit panic" while we were refining the calculations, ensuring that no user could front-run the queue or exploit the vault’s liquidity before the new fee structures were live. shoutout to the @ipor_io team for the help along the way
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This implementation of vault-level leverage accounting is specific to Fusion, other vault frameworks would expose their own.
The broader schema question on how vaults across frameworks could converge on readable and standardized reporting remains open.
Fusion welcomes collaboration on defining it.
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Taking Fusion as a concrete example, the onchain primitives include:
totalAssets() for managed value, totalSupply() combined with convertToAssets() for principal deposits, and totalAssetsInMarket(marketId) for per-venue breakdown across integrated markets.
Anyone can read these directly from the vault contract to verify vault state independently.
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Looped Exposure Accounting: same question at a different layer.
Fusion addressed it at the vault level.
Total Value Locked (deposits) and Total Value Managed (with leverage) are separate metrics, making looped exposure directly measurable.
Walking through the approach below ↓
Michael Bentley@euler_mab
You can’t tell how much TVL in a protocol is due to looping just by looking at the deposits and debts. An account with $100 deposits $80 debts Could be zero loops or ten loops. Leverage can only be understood if you reconstruct an account’s entire history. But leverage doesn’t just exist within a single protocol. Borrowing on Aave and depositing the borrowed assets on Morpho to borrow again is also leverage. Neither Aave nor Morpho numbers reflect the leverage. Many of the largest projects in DeFi do a form of cross protocol looping. The real TVL in DeFi is a fraction of what the headline numbers show. DeFi Llama tries to help with these but it’s an almost impossible task to do it with 100% accuracy.
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