Castle Finance 🏰

Castle provides the safest way to earn yield for DAOs and their communities.

[Castle Finance 🏰 @CastleFinance]

With markets in turmoil and broken trust in "stablecoins" like UST, there's never been a better time to bring some sanity back to DeFi

Introducing Castle...

🧵👇

[Cashmere @CashmereWallet]

Holding treasury funds in @CashmereWallet and want to put your USDC to work? Check out our new tutorial on earning yield with @CastleFinance 💰

https://t.co/H1lCcEYfgp

[Castle Finance 🏰 @CastleFinance]

Super excited to bring safer, seamless yield to crypto users and teams through our integration with @CashmereWallet 🛡

[Cashmere @CashmereWallet]

Now you can earn yield on your USDC stored in @CashmereWallet with our brand new @CastleFinance integration! Head on over to your Cashmere dashboard and put your USDC to work today 🎉

[Castle Finance 🏰 @CastleFinance]

13/ If you’re a DAO or company that wants to extend your runway by earning yield in a safe, risk-managed fashion, shoot us a DM and we’ll be happy to discuss more in detail

[Castle Finance 🏰 @CastleFinance]

1/ At Castle, risk management is baked into everything we do

We prioritize minimizing the chances of any principal loss over achieving the highest possible returns

Here’s how we handled the recent @solendprotocol 🐳 situation

🧵

[Castle Finance 🏰 @CastleFinance]

12/ If you want to learn more about Castle and how our Vault works, follow us and head to our website

https://t.co/5JEVorWYBx

[Castle Finance 🏰 @CastleFinance]

Update: the Solend USDC pool has hit 100% utilization, and our protocol was able to reduce its position to under 19% before withdrawals were restricted.

That brings the value at risk to under the liquidity backstop amount, meaning all user funds are secured

[Castle Finance 🏰 @CastleFinance]

Our USDC Vault has reached a liquidity risk limit and has started rebalancing out of the Solend main pool

Its current position now sits at 31% and will continue to adjust as the expected risk changes

This sacrifices some yield, but significantly reduces risk

[Castle Finance 🏰 @CastleFinance]

We are actively monitoring the ongoing Solend situation

As the large debt position moves closer to liquidation, our risk management engine will reduce Castle's exposure to Solend

As always, our main goal is to reduce the risk of any principal losses

[Castle Finance 🏰 @CastleFinance]

Context
https://t.co/QADU0aTdtx

[Castle Finance 🏰 @CastleFinance]

We are actively monitoring the ongoing Solend situation

As the large debt position moves closer to liquidation, our risk management engine will reduce Castle's exposure to Solend

As always, our main goal is to reduce the risk of any principal losses

[Frank Chaparro @fintechfrank]

If crypto doesn’t start focusing on risk management it will die