Cassa

Hedge-fund strategies, in your currency.

[Cassa @Cassa_fi]

Cassa now lives at https://t.co/kI8ZTBN8fl.

We will run a familiar playbook: one vault, one strategy.

Professionally managed under the lead of co-founder @0xromolus (Cyclic, ex-IMC etc.)

Soon available in EUR and ZCHF.

[Cassa @Cassa_fi]

Explore the vaults: https://t.co/kI8ZTBN8fl

If you report in a currency we do not list yet, or you want size, talk to the team.

[Cassa @Cassa_fi]

Cassa now lives at https://t.co/kI8ZTBN8fl.

We will run a familiar playbook: one vault, one strategy.

Professionally managed under the lead of co-founder @0xromolus (Cyclic, ex-IMC etc.)

Soon available in EUR and ZCHF.

[Cassa @Cassa_fi]

The risk markets work is not going away. It stays at https://t.co/W5VJJyYjJP while we focus on strategies that are running today.

[Cassa @Cassa_fi]

This market-price movement in the Pendle PT-reUSD oracle does not affect the Cassa RWA Market.

Because operators on Euler can setup a spread between LTV and LLTV, such manipulations become extremely costly, which protects aggressive users even under more turbulent market conditions.

No liquidations have occurred as a result of this manipulation.

The market was temporarily paused and shortly resumed after completing the analysis.

[Re @re]

A market-price movement in the Pendle PT-reUSD oracle used by a third-party Morpho market triggered liquidations of leveraged PT positions. reUSD itself was unaffected and the Morpho market incurred no bad debt. We are investigating whether the PT market price was intentionally manipulated and are working with the relevant teams on a safer oracle configuration.

[Cassa @Cassa_fi]

EUR and CHF vaults are in development. The live vaults are on Euler today.

If you report in euros or francs and have been defaulting into dollar denominated yield, Cassa is built for you.

[Cassa @Cassa_fi]

Onchain yield pays in dollars. European allocators report in euros and francs. That FX gap can erase a year of yield before it reaches the balance sheet.

Cassa is building EUR and CHF vaults to close it.

@redstone_defi is the data layer Cassa chose to sit underneath them. 🧵

[Cassa @Cassa_fi]

From launch, @redstone_defi feeds will handle collateral valuation, solvency checks and liquidation triggers across Cassa's European markets.

As Cassa opens RWA markets on Morpho, @redstone_defi Settle can run auction based liquidations where standard mechanisms fall short.

[Cassa @Cassa_fi]

Over $300k of $AUSD liquidity is currently available to borrow against Pendle PT-reUSD collateral.

⇢ LLTV: 94%
⇢ PT fixed yield: 11.00% APY
⇢ AUSD borrow rate: 8.87% APY (at kink, 90% util)

➤ Max loop leverage: 12.49x
➤ Max loop APR: ~35.5%

@re yield, turbocharged.

[Cassa @Cassa_fi]

The market pairs AUSD (@withAUSD) with PT-reUSD, the Pendle Principal Token of reUSD. reUSD is the senior tranche of @re Protocol.

Direct access:
https://t.co/TFJuepeMmv.

[Cassa @Cassa_fi]

The Cassa RWA market has grown to $14M TVL on @eulerfinance, driven by strong lending and supply demand, regular AUSD incentives and real usage of the PT-reUSD and wSTRCx as collateral. 🧵