Jay just received Christian Dior Dior Backstage Glow Face Pallete - 004 Rose Gold Makeup Women 0.35 oz - 004 Rose Gold - 0.35 Ounce (Pack of 1) from Anonandy45 via Throne. Thank you! ₊‧°𐐪♡𐑂°‧₊

Transparency update on the 9Summits ETH vault. Part of the vault was allocated to YieldBasis staked-cbBTC, held in YB's legacy pools. The risk parameters of those legacy pools let the position's value drift below its high-water mark through 2 successive drawdowns. On its own that gap was unrealized and could recover over time. The issue: staying in the legacy pools kept us exposed to further drawdowns of the same kind, with no guarantee of recovery. In close collaboration with the YieldBasis team, the right move was clear, migrate the position to YB's new pools (safer, better risk parameters). Being forced to migrate is what realized the loss now rather than let us carry an inflated mark. To mitigate the impact, 9Summits returned ~10.9 ETH of fees from its own treasury into the vault, leaving a net recognized drawdown of -8.35 ETH, or a PPS change of -0.0043188 (-0.43%). Even after this, the vault's 1Y net performance stands at 4.31% APR. Counting the YB the vault earned and sold, the position is still net positive, and we expect the gap to the vault's HWM to keep closing over the coming weeks. An upcoming Season 2 airdrop is also expected to help offset the hit. We understand how frustrating this event can be and remain fully committed and confident in finding the best outcome for our LPs. Please reach out with any questions.

- I will dump on you if you follow the trade, so don’t follow my trade. You risk of been my exit liquidity - I’m here to share the narrative of why I’m doing this trade - Trading Hippo is highly volatile and I’m using a size that is small compared to my networth - My entry average is 0.0045 and I plan to hold for a while Words to the Hippo cabal: Please pump my bag using the event, thank you