Felix has no exposure to rsETH Over the past day, lenders across DeFi have been withdrawing liquidity out of 1) fear of rsETH exposure and 2) overall concern with DeFi protocol security. To address both concerns briefly: 1) Again, Felix has no rsETH exposure and 2) Felix Vanilla is built with @Morpho's infrastructure; this allows us to inherit Morpho’s smart contract security and risk-isolated design, so Felix vaults only have exposure to the specific markets they lend to (e.g. If another curator on Morpho lends to rsETH collateral, this does not lead to negative impact on Felix lenders) Some current supply rates on Felix for those interested: >USDH Flagship: 19.01% ($4m USDH supplied) >USDH Frontier: 23.97% ($11m USDH supplied) >USDC Flagship: 11.31% ($31m USDC supplied) >USDC Frontier: 24.48% ($18m USDC supplied) These rates will likely be arbed down in the days to come as lenders enter to take advantage, realizing Felix has no rsETH exposure, and borrowers repay freeing up more available liquidity. For more information on who is currently withdrawing to create these high supply rates / whether this is one large whale or a number of addresses, check the four links below from HyperEVMScan for each Felix vault mentioned above—TLDR: withdrawals from these vaults have been spread across a number of different addresses, not one address. >USDH Flagship: >USDH Frontier: >USDC Flagship: >USDC Frontier: For those less aware, "Frontier" vaults and "Flagship" vaults lend to different collateral markets (Frontier vaults tend to lend to higher max LTV collateral markets--higher risk + higher return). To see all current collateral exposure for each vault on Felix, check out: For more risk metrics across Felix vaults, feel free to check out our internal risk monitoring platform here: If you have questions on Felix's risk practices, how we build with Morpho, current collateral exposure, how we price collateral, how Flagship vs Frontier vaults differ, etc, feel free to DM me