Clearstar ETH Reactor
16% of this vault sits in higher-risk collateral, yet it earns 1.6% on WETH versus 1.7% for a plain WETH vault (-10 bps). You're not being paid for the extra risk.
The Clearstar ETH Reactor vault optimizes ETH yields with automated rebalancing and a real-time risk engine powered by Hypernative to immedtialy reduce exposure to collaterals that may be at risk of getting exploited. The vault is also expected to benefit from points campaigns and incentives provided by some of the collateral issuers.
The honest version. Every structural failure mode this vault is exposed to, ranked by severity. If you want to know whether to invest, start here.
Weighted LLTV across markets is 94.4%. Sharp collateral drawdowns can trigger cascading liquidations faster than vault parameters can be adjusted.
Vault has meaningful collateral exposure to liquid restaking tokens. A discount to ETH (>2%) propagates directly through liquidation cascades.