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...
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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
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 🎉
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
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
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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
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
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
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