The Fusion blog

Institutional Vaults: How Regulated Capital Reaches Aave, Morpho and 40+ Protocols
Learn· 10 min read

Institutional Vaults: How Regulated Capital Reaches Aave, Morpho and 40+ Protocols

How institutional vaults control access, authorized venues and accounting onchain, and how BitGo, 21Shares and in-house teams reach Aave, Morpho and 40+ protocols.

IPOR Fusion Vaults: Security, Modularity, and Risk Management
Technology· 5 min read

IPOR Fusion Vaults: Security, Modularity, and Risk Management

This article explores the core security principles of IPOR Fusion, its modular architecture, and its built-in risk management mechanisms.

What is IPOR Fusion? A Technical Overview
Technology· 15 min read

What is IPOR Fusion? A Technical Overview

A deep dive into IPOR Fusion’s architecture, value propositions, use cases, security principles, and more.

Regime Shift in DeFi Rates for ETH: Risks and Opportunities for Superior Uncorrelated Returns
ResearchArchived· 11 min read

Regime Shift in DeFi Rates for ETH: Risks and Opportunities for Superior Uncorrelated Returns

Liquid restaking, novel credit markets, and the ever-expanding opportunity set for yield in Ethereum.

Predicting The Lido Staking Rate
ResearchArchived· 4 min read

Predicting The Lido Staking Rate

Why is an epoch-by-epoch Lido staking rate essential to a fair Stake Rate Swap market?

Trading the Lido Staking Rate
LearnArchived· 7 min read

Trading the Lido Staking Rate

IPOR Protocol’s epoch-by-epoch Lido Staking Rate Index and the stETH Stake Rate Swap serve a wide range of participants in Ethereum’s fledging financial ecosystem.

Smart Zapping
TechnologyArchived· 3 min read

Smart Zapping

IPOR v2 introduced Zaps, significantly simplifying the IPOR DApp UX for liquidity providers. Let’s look at how LPs can have an even better experience and save on gas fees.

IPOR v2: Live on Goerli Testnet
TechnologyArchived· 2 min read

IPOR v2: Live on Goerli Testnet

The next iteration of the IPOR Protocol is now available on Ethereum’s Goerli testnet.

DeFi Interest Rates Derivatives: Swaps VS Yield Stripping
ResearchArchived· 17 min read

DeFi Interest Rates Derivatives: Swaps VS Yield Stripping

Why are interest rate derivatives essential to any healthy financial market and is there a “best” approach to offering them onchain?

Friends, Foes, and Famous Whales
ResearchArchived· 7 min read

Friends, Foes, and Famous Whales

Smart money is not about aping into the latest memecoin in UniV2. Instead, it is about risk management.

[Trade Idea] MakerDAO’s DSR Hike Proposal: Higher Stablecoin Rates and Short-term Arbitrage…
ResearchArchived· 3 min read

[Trade Idea] MakerDAO’s DSR Hike Proposal: Higher Stablecoin Rates and Short-term Arbitrage…

The DAI Stability Rate (DSR) is a special module in the MakerDAO smart contract system that allows DAI holders to receive a share of the revenue earned by MakerDAO.

What is driving the USDT/USDC rate spread?
ResearchArchived· 7 min read

What is driving the USDT/USDC rate spread?

An analysis of the main drivers of the USDT/USDC spread and how to trade it.

Interest Rate Risk is a BFD: Lessons From SBV and IPOR’s role in DeFi Credit Markets
ResearchArchived· 5 min read

Interest Rate Risk is a BFD: Lessons From SBV and IPOR’s role in DeFi Credit Markets

Could the SVB collapse lead to DeFi/TradFi interest rate inversion making interest rate swaps an essential risk-management tool in DeFi?

A Relative Value Thesis for DeFi: Draft Roadmap for the Evolution of Instruments and Trading…
ResearchArchived· 7 min read

A Relative Value Thesis for DeFi: Draft Roadmap for the Evolution of Instruments and Trading…

In the previous two parts of this series (Part 1, Part 2), we laid the foundations for an introduction to relative value trading in TradFi interest rates.

A Relative Value Thesis for DeFi: Popular RV Rates Strategies in TradFi (Part II)
ResearchArchived· 9 min read

A Relative Value Thesis for DeFi: Popular RV Rates Strategies in TradFi (Part II)

A short overview of popular TradFi relative value trading strategies.

A Relative Value Thesis for DeFi: Can it Bring New Alpha and Yield Opportunities? (Part I)
ResearchArchived· 13 min read

A Relative Value Thesis for DeFi: Can it Bring New Alpha and Yield Opportunities? (Part I)

The fundamentals of relative value (RV) trading and the risks and opportunities for applying it in the DeFi space.

Volatile Rates Due to Regulatory Action? IPOR Swaps Have You Covered
ResearchArchived· 2 min read

Volatile Rates Due to Regulatory Action? IPOR Swaps Have You Covered

Strip away or ride market volatility with simple IPOR swap strategies.

Fixed Income in DeFi: Risk Management for DAO Treasuries (Part 2)
ResearchArchived· 7 min read

Fixed Income in DeFi: Risk Management for DAO Treasuries (Part 2)

IPOR Protocol's highly capital-efficient interest rate swaps enable access to TradFi-like capital management tools in a Web3 environment.

Interest Rates and Capital Markets Report | November 2022
ResearchArchived· 9 min read

Interest Rates and Capital Markets Report | November 2022

Capital markets and crypto after FTX.

IPOR Index Smart Contract and Rate Update
TechnologyArchived· 4 min read

IPOR Index Smart Contract and Rate Update

The IPOR calculation smart contract is being upgraded after Ethereum Merge-related changes in Compound.finance infrastructure.

USDT Swap Pricing Model Update
TechnologyArchived· 2 min read

USDT Swap Pricing Model Update

A quick review of the newly applied IPOR USDT spread pricing model.

FTX Fallout & Volatile IPOR USDT Rates: Stress-Testing the IPOR Protocol
ResearchArchived· 6 min read

FTX Fallout & Volatile IPOR USDT Rates: Stress-Testing the IPOR Protocol

Reviewing recent CeFi and DeFi market volatility and fine-tuning IPOR Protocol’s swap pricing model.

Launching Asset Management
LearnArchived· 3 min read

Launching Asset Management

IPOR Protocol liquidity providers can now enjoy an even higher yield generated by the most secure DeFi money markets.

Fixed Income in DeFi: Risk Management for DAO Treasuries (Part 1)
ResearchArchived· 7 min read

Fixed Income in DeFi: Risk Management for DAO Treasuries (Part 1)

DAOs are the fixed-income funds of DeFi. As such, they need better financial tooling to manage risk and ensure their long-term sustainability.

IPOR App Update: Portfolio and Statistics
TechnologyArchived· 3 min read

IPOR App Update: Portfolio and Statistics

IPOR Protocol traders and liquidity providers can now enjoy a range of UI improvements to make informed decisions

IPOR Protocol Architecture Overview
TechnologyArchived· 9 min read

IPOR Protocol Architecture Overview

Here is how the IPOR Protocol delivers a traditional finance vanilla interest rate swap experience in DeFi.

IPOR App Update: User Interface 2.0
TechnologyArchived· 4 min read

IPOR App Update: User Interface 2.0

The IPOR Protocol web interface was upgraded for a more user-friendly experience. Here’s an overview of the main improvements and new features.

High Interest rates: The Arbitrage between DeFi and TradFi rates.
ResearchArchived· 4 min read

High Interest rates: The Arbitrage between DeFi and TradFi rates.

The Traditional Finance (TradFi) interest rates and Decentralized Finance (DeFi) interest rates have been in a historical inversion for the past two months. Let’s look at the data and do a deep dive into the topic.

Real Yield and Risks in IPOR Protocol
LearnArchived· 7 min read

Real Yield and Risks in IPOR Protocol

The prevailing narrative (and meme) in DeFi is real yield. Let’s discuss what this means and the potential risks for IPOR LPs.

DeFi Interest Rates Report | September 2022
ResearchArchived· 5 min read

DeFi Interest Rates Report | September 2022

Trading in a crypto winter.

Development Update — Road to mainnet
TechnologyArchived· 5 min read

Development Update — Road to mainnet

An overview of the long tail of tasks that need to be finalized before Mainnet launch.

What is the Inter Protocol Over-block Rate (IPOR)?
LearnArchived· 5 min read

What is the Inter Protocol Over-block Rate (IPOR)?

Have you ever wondered:

The Inter Protocol Over-block Rate Manifesto
LearnArchived· 2 min read

The Inter Protocol Over-block Rate Manifesto

We believe that blockchain and crypto markets enable global, accessible, and free markets.

IPOR VS LIBOR
LearnArchived· 4 min read

IPOR VS LIBOR

Now you might be wondering, “What on earth is LIBOR?” Why do you even need to know about it?

Cream Exploit: Is Aave bank run an over-reaction ?
ResearchArchived· 3 min read

Cream Exploit: Is Aave bank run an over-reaction ?

Firstly, what is IPOR? IPOR is the benchmark borrowing rate between borrowing/lending protocols.

So Why is IPOR the Heartbeat of DeFi?
LearnArchived· 4 min read

So Why is IPOR the Heartbeat of DeFi?

It has everything to do with the interest rates!

Why IPOR? In a Credit-fueled DeFi Market, Stability is the Growth Driver
LearnArchived· 5 min read

Why IPOR? In a Credit-fueled DeFi Market, Stability is the Growth Driver

Blockchain in its current construct has been in existence for roughly 12 years. In that time it has evolved from Bitcoin as a cypherpunk’s anarchistic alternative monetary system, into more complex systems such as…