📄New Office of Audit report: We reviewed whether SSA resolved earnings alerts for Supplemental Security Income recipients that remained pending as of September 2024. Read the final report: #SocialSecurity# #Audit# #Trasnparency#
Transparency Snapshot: Top 10 TVL
🔷 $214.36M in White Label Vaults
🔷 $74.21M in mTBILL
🔷 $67.34M in mGLOBAL
🔷 $65.28M in mF-ONE
🔷 $61.00M in mGLO
🔷 $36.01M in mWIN
🔷 $31.70M in mHYPER
🔷 $31.12M in MSL
🔷 $27.09M in mHyperBTC
🔷 $26.37M in mM1-USD
All details:
Transparency is everything. I don’t mind averaging up or down on my core stocks, $PLTR and $AMD, as long as whales keep offering discounts.
Not showing off — this is a small amount in Hong Kong. Long-term investing still works best for me. Most people on X miss that because they just like trading in and out.
By the way, how have the permabears performed? I’d appreciate a screenshot showing how you’ve done over the past three years.
Transparency, month after month.
Our 46th consecutive Proof of Reserves shows $22.96B in primary assets, with customer assets backed above 1:1 across all market conditions.
Verify for yourself:
Transparency Snapshot: Top 10 TVL
🔷 $197.82M in White Label Vaults
🔷 $70.94M in mF-ONE
🔷 $68.60M in mGLOBAL
🔷 $66.62M in mTBILL
🔷 $40.28M in mGLO
🔷 $38.05M in mHYPER
🔷 $31.00M in MSL
🔷 $26.19M in mM1-USD
🔷 $25.61M in mHyperBTC
🔷 $14.89M in mWIN
All details:
Transparency isn’t a feature. It’s a standard.
WINkLink Price Service upgrade is a step toward making oracle data:
• Clearer
• Traceable
• Actionable
And that’s what real infrastructure looks like.
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.
Transparency is one of our core product principles
Before you confirm a trade, you see:
→ full fee breakdown
→ exact amount you’ll receive
And after you confirm, the numbers stay the same