The Fusion blog

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

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

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
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…](/_astro/hero.D_c4vtXG_28hwT4.webp)
[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?
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
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…
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)
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)
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
Strip away or ride market volatility with simple IPOR swap strategies.

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
Capital markets and crypto after FTX.

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

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

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
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.
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
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
Trading in a crypto winter.

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)?
Have you ever wondered:

The Inter Protocol Over-block Rate Manifesto
We believe that blockchain and crypto markets enable global, accessible, and free markets.

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

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
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…
