@alturax Furthermore, all holders with assets in the Altura Ecosystem are urged to register for the migration to our v3 Router Bridge Contract prior to the decommissioning of our v1 contract.
https://t.co/rbIvXI3hiz
@alturax Furthermore, all holders with assets in the Altura Ecosystem are urged to register for the migration to our v3 Router Bridge Contract prior to the decommissioning of our v1 contract.
https://t.co/rbIvXI3hiz
@alturax Furthermore, all holders with assets in the Altura Ecosystem are urged to register for the migration to our v3 Router Bridge Contract prior to the decommissioning of our v1 contract.
Migrate Now ⤵️
https://t.co/rbIvXI3hiz
An update on Altura's multi-strategy vault.
Every user deposit is backed. The vault is over-collateralized with reserves near 104%, the price per share has not been reduced, and no funds have been lost. No strategy failed and there was no exploit.
As part of our risk management, we maintain a liquidity buffer at all times through secure custody arrangements. This helped to cushion an unprecedented demand for withdrawals as we serviced $8.5M+ in instant outflows yesterday. However, a sustained period of heavy withdrawals moved faster than the liquid part of the vault could be freed up. This is down to a maturity mismatch between our onchain and off-chain positions.
We are now in the process of unwinding all active deployments. Market Making strategies will be inactive within 72 hours, while the RWA positions will take more time due to their inherent nature.
To make this orderly and efficient, withdrawals are paused. We are finalizing the redemption process, working closely with our counsel to make sure the process is fair to everyone.
We ask that users remain patient at this time. A full breakdown on the redemption process and timing is coming.
Altura has always worked to be responsible stewards of capital. The maturity mismatch will be resolved in time and we hope through this process we can continue to earn your trust.
These are unfounded accusations. Every address below is part of our vault architecture, and all of it is public.
A/ 0xFC45cF9323A3057899bc681Bcb7F781f87660ADf
Where we deposit funds with our custody partner, @Cobo_Global.
B/ 0xBD151BeF567dAbf712A811402A27839768a13D70
Cobo's custody wallet, where funds are pooled. Standard custody token sweeping: https://t.co/ecKuRQSQF7
C/ 0x873E1C729a12658E4e3f39e927687E424967CcbF
Our deployment wallet. From here, funds go out to strategies. The transfer to Kraken funds our RWA strategy, which can't be funded directly on HyperEVM, so the funds route through an exchange to reach it. Over the last 4 days it has instead routed back to the vault to meet redemptions.
D/ 0xd0Ee0CF300DFB598270cd7F4D0c6E0D8F6e13f29
Our vault. Funds return here as liquidity is needed for redemptions.
The vault is over-collateralized, near 104% and live on our dashboard.
Dear Users,
Over the past 24 hours, we have experienced an unprecedented level of withdrawal requests and have successfully processed more than 8.5 million USDT in instant redemptions.
Given the sustained withdrawal demand and current market sentiment, we have made the difficult decision to begin an orderly wind-down of the Altura vault. Our priority remains the protection of user capital and ensuring all redemptions are completed in a fair, transparent, and efficient manner.
To facilitate this process, we have notified all counterparties and partners of our decision and have started unwinding positions across the portfolio. These positions include allocations held on exchanges, private credit opportunities, and real-world asset strategies. While some positions can be redeemed immediately, others require standard settlement and redemption periods, and we are working closely with all counterparties to accelerate the process wherever possible.
We want to reassure all users that the wind-down is being conducted in a structured manner and that capital is being returned as underlying positions are redeemed.
Despite it being a weekend, our team has worked around the clock to process withdrawal requests and maintain continuous communication with partners and users. I am incredibly proud of the effort and commitment demonstrated by everyone involved during this period.
Personally, I am deeply disappointed by how quickly misinformation and speculation can spread within the industry. Altura has always operated with transparency and integrity, and it is unfortunate to see unfounded narratives contribute to market fear and withdrawal pressure.
Nevertheless, our focus remains unchanged: executing an orderly wind-down and returning capital to users as efficiently as possible.
We will continue providing regular updates as redemptions progress and additional liquidity becomes available.
Thank you for your trust and support throughout this process.
Ranveer Arora
CEO, Altura
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We recently became aware of the depeg event affecting Mainstreet (MSY).
As Altura, we have never had any exposure to Mainstreet or any of its underlying investment strategies.
Our HyperEVM lending vault (Alpha USDT Prime), the associated USDT/AVLT market, and borrowers utilizing our Ethereum vault remain unaffected by this event.
Over the last 24 hours, Altura has successfully processed more than $5 million in withdrawal requests. We continue to maintain ample liquidity across our strategies and are fully positioned to service additional withdrawals as needed.
While this does not affect Altura directly, we are monitoring the situation closely as it develops.
As a prudent risk management measure, we recommend that users unwind any borrow or looping positions involving the AVLT/USDC ETH market until market conditions stabilize and there is greater clarity around any broader ecosystem impact.
We will continue to keep the community informed and share updates in this thread as new information becomes available.
YieldRun is heating up onchain 🔥
We're racing through Epoch 5 and the stakes have never been higher.
100,000 AVLT in guaranteed rewards, with transparent tiers for the top 500 participants.
What's your rank on the leaderboard?
Our multi-strategy vault is covered by global insurance that gives depositors and LPs a safety net in unforeseen scenarios.
Altura's COO @AurelliusEth joined @edge_pod to explain what this means for participants in the AVLT ecosystem.
Altura is built different.
Our multi-strategy vault crossed $38M AUM this week, generating $207K+ for AVLT holders.
Reliable yield that you can verify.