Crypto Bard

🫴 Crypto since 2021 | Telegram/X Lead in crypto

[Crypto Bard @crypt0_bard]

@WEEX_Official Try $REX FUN! Launch your token at $REX
@tryrexfun @ElioWIF

[Crypto Bard @crypt0_bard]

@game_for_one Only $CASHCAT and $AI

[Crypto Bard @crypt0_bard]

@Eunicedwong $SZR @SazareProtocol Robinhood V4 protocol, new ATH soon, so early, $2M MC only

[Crypto Bard @crypt0_bard]

@SazareProtocol And news Devs?
$SZR Looks good!
Does we don't know smth?

[Crypto Bard @crypt0_bard]

@RugDalio New ATH soon? $SZR so early

[Crypto Bard @crypt0_bard]

@Jeet_Pampovic Road to $5-10-20-50-100M

[Crypto Bard @crypt0_bard]

@CryptoJonesRC @SazareProtocol @V4RCADE $SZR It's time to make another ATH

[Crypto Bard @crypt0_bard]

@game_for_one $SZR only $2M MC. Send it!

[Crypto Bard @crypt0_bard]

@game_for_one @theunipcs What tells us onchain?

[Crypto Bard @crypt0_bard]

@ranveerar89 Thanks for everything!

[Crypto Bard @crypt0_bard]

@alturax The best management in this situation 🫡

[Crypto Bard @crypt0_bard]

@alturax

[Crypto Bard @crypt0_bard]

@alturax Thanks for update!

[Crypto Bard @crypt0_bard]

@alturax Team always come with helpful updates! gAltura 🫂

[Crypto Bard @crypt0_bard]

@alturax Good job from whole team!

[Crypto Bard @crypt0_bard]

@alturax Respect to the team, fast reaction, transparent play

[Altura @AlturaDeFi]

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.

[Ranveer @ranveerar89]

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

[Crypto Bard @crypt0_bard]

@alturax @pendle_fi Still best!

[Crypto Bard @crypt0_bard]

@Yieldzio @alturax @Yieldzio @alturax huge opportunity!