Clearstar ETH Reactor
90% of this vault is in exotic / elevated-risk collateral, earning +200 bps over a plain WETH vault.
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 91.6%. Sharp collateral drawdowns can trigger cascading liquidations faster than vault parameters can be adjusted.
Cap-weighted utilization is 88.9%, leaving little idle buffer. Large same-day redemptions may queue behind active loan repayments.