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Altura
@AlturaDeFi
Bringing the yield institutions kept, to your wallet. More about us:
가입 October 2020
89 팔로잉 중    69.8K 팬
Treasury Unwind Update The Inessa unwind is underway, and transfers to Altura's bank account are now being processed through JPMorgan Chase. We have added a new Proof of Reserves tab to the Altura app, where every transfer can be followed: As funds arrive, Inessa exposure decreases and Altura bank account exposure increases. The Altura POR dashboard reflects these changes immediately. Each transfer is also independently verified by Accountable, and their dashboard may take slightly longer to update, as reconciliation is done manually on their side. We are scaling transfer sizes up gradually so each step clears cleanly through the banking and verification process. Today's transfers reflect that approach, and amounts are expected to increase over the coming days. As previously stated, redemptions will open once all treasury assets have been recovered and verified, and will then be processed together, so everyone is treated equally. For those borrowing against AVLT on Morpho, we understand this is a difficult position. To keep the process fair for all holders, redemptions are handled together rather than individually. Morpho's markets are also immutable, so the terms cannot be changed on-chain by anyone. Your position stays in your control, and you can repay and unwind on Morpho at any time. We are grateful for the patience and trust this community continues to show, and we will keep sharing progress until the unwind is complete.
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